Google emerges from FTC probe relatively unscathed
Google has settled a U.S. government probe into its business practices without making any major concessions… Google has settled a U.S. government probe into its business practices without making any major concessions on how the company runs its Internet search engine, the world’s most influential gateway to digital information and commerce. “However, the FTC’s mission is to protect competition, and not individual competitors.” Two consumer rights groups lashed out at the FTC for letting Google off too easily. John Simpson of frequent Google critic Consumer Watchdog asserted: “The FTC rolled over for Google.” Not surprisingly, FTC Chairman Jon Leibowitz didn’t see it that way. But FairSearch, a group whose membership includes Microsoft, call the FTC’s settlement “disappointing and premature,” given that European regulators might be able to force Google to make more extensive changes. Yelp also criticized the FTC’s handling of the case, calling “it a missed opportunity to protect innovation in the Internet economy, and the consumers and businesses that rely upon it.” Investors had already been anticipating Google would emerge from the inquiry relatively unscathed.
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