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By Don Jergler | February 23, 2016
The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto insurance online.
Many believe that Google failed because it does not understand the insurance business. Some experts in online insurance shopping believe that Google realized it could make more money with its AdWords pay-per-click business than it could selling insurance and other financial products online. Others are advising independent agents not to read too much into the demise of what is just one of numerous online insurance competitors.
Insurance Journal was the first to report on Monday that Google would be shutting down its Google Compare, which offers online comparison shopping for a variety of financial products including insurance in the United States and the United Kingdom.
Late Monday, Google confirmed that the shutdown will occur next month in both the U.S. and UK. Google’s confirmation came in the form of acknowledging a letter that was sent to its online financial product partners, a letter posted by the website SearchEngineLand late Monday night.
“Beginning on February 23, 2016, we will start ramping down the Google Compare product, which is currently live in both the U.S. and UK,” the letter reads. “We plan to terminate the service as of March 23, 2016.”
Google faces record 3 billion euro EU antitrust fine Loeb Third Point Bermuda (of course) loss. FB GOOG are Darpa tax payer funded.. Schmidt, Zuckerburg, yes even Marissa are crony capitalist monopolies.. The whole individual freedom of PC over mainframes is heading back to cloud control of information... Trust busting is needed... NSA sin on humanity.
Sentiment: Strong Sell
"where he thinks I would go after him for antitrust." So, now, it's just like a president who is not even a lawyer thinks that a company is antitrust....he "goes after him".................America....USA....WE ARE ABOUT TO BECOME HISTORY
"He’s worried about me, and I think he said that to somebody, it was in some article, where he thinks I would go after him for antitrust because he’s got a huge antitrust problem because he’s controlling so much — Amazon is controlling so much of what they are doing. He bought this paper for practically nothing and he’s using that as a tool for political power against me and against other people, and I’ll tell you what, we can’t let him get away with it. He’s using that as a political instrument to try and stop antitrust, which he thinks I believe he’s antitrust, in other words, what he’s got is a monopoly, and he wants to make sure I don’t get in.”
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Ladies, you should be aware that the WRONG WAY CAPITALIZED BASH SCAMMER on the GOOG, AMZN, FB, NFLX, and APPLE message boards is a notorious weasel named, "ARTHUR WELLINGTON," who resides in New York. Most of the experienced market pros are very well aware of the ridiculous BASH SCAMMER, who serves the PUT WRITERS in the sleazy wall street club, forever SUCKERING amateur DUPES to acquire loads of ultimately WORTHLESS PUTS in GOOG, Dow, and Nasdaq favorites. The WRONG WAY CLOWN has parked himself on Yahoo message boards for YEARS now...such a living JOKE!!!! ROFLMAO