Google Eyes Another Massive Opportunity
The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner and technology editor/analyst Brenton Flynn discuss topics across the investing world.
No company comes close to Google's dominance in the hugely important online advertising market, and many have tried to knock Big G off its perch. However, one massive market still exists where Google has yet to make its presence felt -- local advertising. Despite several attempts to date, the search powerhouse just can't gain any traction in this market, but this could soon change. Recently, Google announced its renewed intent to surmount its previous obstacles with the help of some fancy new tools it either developed or acquired. And while all this seems fantastic on paper, can Google actually pull it off when the rubber hits the road? Especially since the space is now more crowded than ever with new entrants like Groupon and Yelp, Google will clearly need to rise above the competition to win share in this $20 billion market.
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At the time this article was published Andrew Tonnerhas no positions in the stocks mentioned above.Brenton Flynnowns shares of Amazon.com. The Motley Fool owns shares of Amazon.com and Google.Motley Fool newsletter services recommendAmazon.com and Google. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.