Google+ Failed?

Create a social network or risk everything. That was the original pitch for Google's Facebook rival, Google+, a refrain hammered over and over by the social network's chief architect, Vic Gundotra, in meetings with the company's top brass.

Google's effort to build a social network to rival Facebook began with a bold, company-wide yell. Now Google appears to be winding down Google+ with barely a whimper.

Google launched Plus without a clear plan to differentiate the service from Facebook. It bet on a charismatic leader with a flawed vision, ignored troubling indications about the social network's traction (or lack thereof) with users and continued throwing features at the wall long after many had written Google+ off for dead.

The slow demise of Google+ sheds light on how a large technology company tries and often fails to innovate when it feels threatened. The Google+ project did lead to inventive new services and created a more cohesive user identity that continues to benefit Google, but the social network itself never truly beat back existing rivals. Facebook is now larger than ever, with 1.4 billion users and a market capitalization more than half of Google's. It continues to poach Google employees. Facebook and Twitter are also slowly chipping away at Google's dominance in display ad revenue.