According to the TechCrunch article, Facebook is attempting to shore up its competitivepositioning with a big push to developing its own apps on HTML5 and moving quickly to an online currency to hook users (Facebook Credits).
Although it was presented in the typical corporate fashion suggesting that Schmidt had been thinking about this for a long time, the simple truth was that Page was anxious about the state of Google and its competitivepositioning in the next 5 years.