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Uploaded on Nov 23, 2011
In a blog post, Google says (NASDAQ:GOOG) "To recap, we're in the process of shutting a number of products which haven't had the impact we'd hoped for, integrating others as features into our broader product efforts, and ending several which have shown us a different path forward. Overall, our aim is to build a simpler, more intuitive, truly beautiful Google user experience."
The company says it will get rid of Google Bookmarks Lists, Google Friend Connect, Google Wave, Knol, Google Gears and Renewable Energy Cheaper than Coal, or REReference Link.
Google (NASDAQ:GOOG) has potential upside of 26.1% based on a current price of $580 and an average consensus analyst price target of $731.39.