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Google dodges bullet as FTC closes probe
Posted By admin On January 4, 2013 @ 6:27 am In Money Watch | Comments Disabled
Jan 4, 2013
Federal regulators on Thursday concluded a nearly two-year probe of Google with what amounts to a slap on the wrist: an agreement  to restrict its use of smartphone patents and a voluntary change in how the most dominant search engine on the Web behaves and handles advertisements.
It was Google’s largest challenge to date from Washington and the company dodged a potentially lengthy and costly antitrust trial by agreeing to a modest set of changes. The case  also illustrated just how much more savvy major technology companies have become over the past decade in navigating how they work the regulatory and lobbying lanes in Washington, as Google spent millions in lobbying and two years working the case.
“It is good for consumers, it’s good for competition, it’s good for innovation and it is the right thing to do,” Chairman Jon Leibowitz emphasized during a press conference concluding the probe.
Google averted what could have been a much harsher penalty from the Federal Trade Commission: antitrust charges that it illegally wielded monopoly power in online search to thwart rivals, the sort of resolution that had been advanced vigorously by its opponents.
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URL to article: http://www.prisonplanet.com/google-dodges-bullet-as-ftc-closes-probe.html
URLs in this post:
 Politico: http://www.politico.com/story/2013/01/google-dodges-bullet-as-ftc-closes-probe-85724.html?hp=l7
 agreement: http://1.usa.gov/WgEwcS
 case: http://1.usa.gov/S74iVN
 Full article here: http://www.france24.com/en/20130104-saudi-jets-bolster-us-drone-attacks-yemen-report
 Google exec rejects charge search results ‘cooked’: http://www.prisonplanet.com/google-exec-rejects-charge-search-results-%e2%80%98cooked%e2%80%99.html
 EU Launches Formal Google Probe After Complaints: http://www.prisonplanet.com/eu-launches-formal-google-probe-after-complaints.html
 Texas probing Google over search results: http://www.prisonplanet.com/texas-probing-google-over-search-results.html
 FTC dodges Drudge Tax questions: http://www.prisonplanet.com/ftc-dodges-drudge-tax-questions.html
 Google Raided by Korea Police in Probe of Street View: http://www.prisonplanet.com/google-raided-by-korea-police-in-probe-of-street-view.html
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