google sets aside 500 mln for us ad probe
Last Updated : GMT 11:59:16
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 11:59:16
Egypt Today, egypt today

Google sets aside $500 mln for US ad probe

Egypt Today, egypt today

Egypt Today, egypt today Google sets aside $500 mln for US ad probe

WASHINGTON - AFP

Internet giant Google has set aside $500 million in anticipation of the results of a US government investigation into the practices of some of its advertisers. "In May 2011, in connection with a potential resolution of an investigation by the United States Department of Justice into the use of Google advertising by certain advertisers, we accrued $500 million for the three month period ended March 31, 2011," the company said in a statement Tuesday. "Although we cannot predict the ultimate outcome of this matter, we believe it will not have a material adverse effect on our business, consolidated financial position, results of operations, or cash flows." The statement, which was filed with the US Securities and Exchange Commission (SEC), did not provide further details on the practices in question or what legal consequences the company might face. The provision reduced Google's net income for the first quarter to $1.798 billion from $2.298 billion announced on April 14. Advertising accounted for 97 percent of the company's $8.575 billion revenue during the same period.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

google sets aside 500 mln for us ad probe google sets aside 500 mln for us ad probe



Egypt Today, egypt today Modern colorful bedroom renovation

GMT 12:15 2017 Thursday ,21 December

Modern colorful bedroom renovation

GMT 10:14 2019 Monday ,19 August

Love a special date with you

GMT 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai

GMT 06:45 2017 Tuesday ,18 July

Actress Kinda Aloush reveals reason

GMT 12:10 2017 Tuesday ,03 October

Grand mufti condemns Manama terrorist attack

GMT 10:53 2011 Friday ,03 June

Ofcom warns 4G mobiles will scramble TV signals

GMT 15:44 2013 Tuesday ,24 September

Powerful indoor-outdoor interplay

GMT 10:45 2013 Thursday ,24 October

ITV presenter joins Telegraph Men\'s online team

GMT 13:40 2011 Thursday ,09 June

Lost your iPhone? It\'s here

GMT 18:30 2012 Saturday ,28 January

Van Gogh auction in India

GMT 21:27 2011 Thursday ,12 May

4.0-litre 911 is coming

GMT 18:21 2017 Monday ,25 September

European Union to boycott Israeli state ceremony

GMT 06:11 2015 Thursday ,22 October

Comedian Chris Rock to host Oscars again
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday