Google Market News Update : Epic Research Singapore

Google today announced plans to shut down Orkut, its first attempt at building a social network. The platform will be formally closed on September 30, after which users will be unable to log in or export their photo albums to Google+.

Orkut grew out  of Google’s 20 percent initiative, which allowed employees to use a fifth of their working week on side projects. Of course, the social network has since been supplanted by Google+, a more ambitious service that ties into many of Google’s other products. The decision to close Orkut is therefore hardly surprising – the fact it took so long is probably more of a shock.

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