Google Inc. (GOOG): YouTube Music Service, New Chrome Password Sync

Published on March 6, 2013 at 11:28 am by David Woodburn in News

Google Inc. (NASDAQ:GOOG) is continuing to spread itself into some new digital avenues, while also continuing to update some of its current services to make experiences more efficient. Here, we will take a quick look at a couple of items that have crossed our desk. One relates to the Chrome browser and the other involves YouTube and music.

The first item that crossed our desk here at the Insider Monkey newsroom features Google Inc. (NASDAQ:GOOG) – the third-most popular stock among hedge funds we track – reportedly working on a subscription music service through its YouTube platform. Based on chatter, ti seems that Google ants to set up this paid service to compete with such services as Spotify, Pandora, Nokia Music+ and Xbox Music, among others. This will apparently not replace the Gogole Play music service, but rather complement it – Google Play music will be like iTunes, where users can purchase, download and store music in the cloud. There is no actual launch date at this point other than the service is due to launch later this year.

The other quick news item from Google Inc. (NASDAQ:GOOG) early this Wednesday morning involve the launch of the latest iteration of the Chrome web browser. Chrome 26 launched in beta this week, and the biggest new feature this time around involves password sync – where your password for certain web sites can be synced across multiple devices, provided the devices run Chrome 26 or higher versions. So instead of re-entering your pass word at a certain site you visit regularly every time you use a different device, this new feature will allow you to enter it once on any device, and that password will be remembered on the web site by the browser, rather than just being remembered by the device. The mobile version of the browser currently supports Android and iOS operating systems.