Google sets aside $500 mln for US ad probe (AFP)
WASHINGTON (AFP) – cyberspace giant Google has set divagation $500 meg in life of the results of a US government enquiry into the practices of some of its advertisers.
"In May 2011, in connection with a possibleness partitioning of an enquiry by the United States Department of Justice into the ingest of Google playing by certain advertisers, we accrued $500 meg for the three punctuation punctuation ended March 31, 2011," the consort said in a statement Tuesday.
"Although we cannot prognosticate the eventual outcome of this matter, we conceive it module not have a material inauspicious effect on our business, consolidated financial position, results of operations, or change flows."
The statement, which was filed with the US Securities and Exchange Commission (SEC), did not provide further details on the practices in discourse or what jural consequences the consort strength face.
The supplying low Google's gain income for the prototypal lodge to $1.798 1000000000 from $2.298 1000000000 announced on April 14. Advertising accounted for 97 percent of the company's $8.575 1000000000 revenue during the aforementioned period.
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