Google has set aside $500m to settle the investigation into its advertising practices by US regulators. The Department of Justice is examining allegations that Google's advertising practices are anti-competitve. The Chocolate Factory made 97 per cent of its revenue from advertising in the first three months of 2011. The filing …
It's very interesting that a company that goes out of it's way with "We do no evil" is putting money aside for fines.
That to me would infer a company that is not just sailing close to the wind, but is knowingly practicing illegal activities to see how far they can push it.
Which is an awful long way from "we do no evil".
Maybe Google should consider a new mantra, albeit not as catchy:
"We do no evil, unless we can get away with it, or maybe lobby for some new laws to absolve ourselves and our mantra."
Standard accounting practice
There is ongoing litigation, there is a possibility that a fine will result, therefore they have to reflect this in their accounts.
Illegal = Evil
Not always. Google = evil? More often than not, it seems lately...
Dont fine google, they will only crank the magic handle and make us pay more for adwords.
- Vid Antarctic ice THICKER than first feared – penguin-bot boffins
- Hi-torque tank engines: EXTREME car hacking with The Register
- Review What's MISSING on Amazon Fire Phone... and why it WON'T set the world alight
- Product round-up Trousers down for six of the best affordable Androids
- Antique Code Show World of Warcraft then and now: From Orcs and Humans to Warlords of Draenor