Google sets aside $500 million for advertising probe (Reuters)

Tuesday, May 10, 2011 9:34 PM

(Reuters) – Google Inc said it has ordered divagation $500 meg to potentially resolve U.S. Justice department's probe into the company's online business practices, communication yet added bed with the regulators.

The calculate low the gain income to $1.8 billion, or $5.51 per care for the prototypal quarter, Google said in a filing with the U.S. Securities and Exchange Commission (SEC) New on Tuesday. The consort reported gain income of $2.3 billion, or $7.04 a care for the prototypal quarter.

"In May 2011, in connection with a possibleness resolution of an enquiry by the United States Department of Justice into the use of Google business by certain advertisers, we increased $500 meg for the three punctuation period ended March 31, 2011," Google said in the filing.

However, Google said the calculate will not hit a touchable adverse effect on the company's business, even as it warned that it cannot prognosticate the eventual outcome of the Department of Justice's investigation.

Google did not provide some further info most the enquiry in the filing. The consort declined to comment on the enquiry when contacted by Reuters.

The cyberspace see colossus has had just setbacks. It walked absent from a see care with character in 2008 when the Justice Department signaled it was embattled to challenge it.

There hit also been a series of complaints prefabricated to regulators, many from Google rivals which change in plumb searches same toll comparability websites, which are widely seen as a danger to Google's function as a key gateway to online information.

Several of these hit complained to U.S. and European just authorities that Google is hunt to perceive their business by making them hard to find in Google searches.

(Reporting by Sakthi Prasad in Bangalore; Editing by Anshuman Daga)


Source

0 comments:

Post a Comment