Wednesday, May 11, 2011

Google's advertising system under US investigation

Google's advertising system is being investigated by the US Justice Department, the company has revealed.
The internet search giant added that it had put aside $500m (£306m) to settle any potential charges.
The investigation is looking at how Google's automated advertising system treats some unnamed advertisers.
A similar study is continuing to be carried out by the European Commission. Google's advertising revenues hit $8.3bn in the first quarter of 2011.
Google revealed the Justice Department investigation in a regulatory filing to the US financial watchdog, the Securities and Exchange Commission.
It said that as a result of putting aside the $500m, its net profit for the first three months of this year would be less than first reported in April, falling to $1.8bn from $2.3bn.

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