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July 20, 2011 / David Bleeker

Google Labs to be shut down

During the company’s most recent earnings conference call, co-founder Larry Page, who took over as CEO in April, said that the company was in the midst of trimming its broad palette of products and services, eliminating those that haven’t proven popular and successful, like Google Health and Google PowerMeter, shut down in late June.

However, the closure of Google Labs is bound to raise eyebrows in the industry, considering that Google has always touted its policy to encourage innovation among employees and to release new products early and refine them iteratively in the public eye. [read more]

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