An Open Letter To Dr. Eric Schmidt About Google Finance

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By Douglas A. McIntyre Published
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Dear Dr.Schmidt:

Google Finance currently ranks 18th among all financial websites with 851,000 unique visitors in September. That puts it behind sites like The Motley Fool and Bloomberg. MSN Money had 10.9 million unique visitors last month.

Is there anything wrong with the content at Google Finance? No. The quote sections and charts are excellent. The news is easy to navigate. The P&L and balance sheet data are better than those at Yahoo! Finance. The site could have its own analyst estimate area and SEC data, but those are minor issues.

Google already runs financial text ads at a huge number of affiliate websites. That includes places like Reuters.com.

It is probably not unfair to guess that if Google put the "Finance" button at the top of its homepage next to "Maps" and "Images", the traffic to Google Finance could move up to five million or six million unique visitors each month. With perhaps 60 million page views a month and several display and text ads on each page, the Finance section of Google could bring in $100 million a year. Could the ads get a $10 CPM? Yes, and probably more.

Not a huge amount given the company’s total reveue. But, found money.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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