After two years on the market, Google Wallet has failed to gain any kind of meaningful foothold in the mobile payment world. That's the gist of a new report from Bloomberg Businessweek, slamming Google's mobile and NFC payment service as a "money pit" and unlikely to succeed against existing and upcoming competitors. Among the publication's chief complaints are $300 million in investments and acquisitions, and hundreds of developers on staff, all for less than 10 million downloads in the Google Play Store.
Finance radio! Are you excited yet? Good. Bloomberg has released an app for the company's 24 hour network of audio shows discussing economics, business, and investment. Through Bloomberg Radio+ you can either choose to listen to whatever's on the air right now, or pull from a list of on-demand shows. You can even download the episodes for offline listening.
The app actually looks very well made. It's as feature-packed as one would want a streaming radio service to be.
It's Bloomberg though - they're reliable. They can't be wrong, right? They say the phone "uses the entire front of the device as a display," and "maximizes the screen viewing space by eliminating the black frames or bezels around the display." Several times they use the phrase "edge-to-edge" screen.
If you're the business-minded-Android-tablet-toting type, then grab your beloved Honeycomb device and fire up the Android Market, as a tablet-friendly version of the Bloomberg app is now live. With this app you can grab the latest news, market data, and portfolio information, as well as charts and graphs, so you can stay on top of the latest business trends.
Although the Market listing claims that this app will work on Android 2.1+, that doesn't seem to be the case, as I couldn't install it on my phone at all - only my Galaxy Tab 10.1.
The smartphone is slowly becoming the "all-in-one" gadget, however one big gap that still exists is the inability to easily make purchases directly through the device instead of using cash or credit cards. According to the WSJ and "people familiar with the matter", Google is working with MasterCard and Citigroup to fill this void by using the still nascent NFC (near field communication) technology to develop a new mobile payment service.