Federal Judge May Approve Google (NASDAQ:GOOG)’s $22.5M FTC Deal – GOOG, BIDU, TRIP, LNKD, AOL

A federal judge articulated that she might allow Google Inc. (NASDAQ:GOOG)’s $22.5M deal with the U.S. Federal Trade Commission over asserts the firm inappropriately planted cookies on Apple (NASDAQ:AAPL) Inc.’s Safari Internet browser.

Advocacy group Consumer Watchdog be in opposition to the agreement, quoting it allows Google off too simply and suggests that a separate government antitrust enforcement action beside the world’s biggest search engine firm may lack teeth.

U.S. District Judge Susan Illston state that at a trial today in San Francisco that her beginning outlook is to agree the proposed settlement, under which Google would pay a fine and run out the cookies without admitting wrongdoing. She reported that the penalty appeared adequate and that she will matter a final ruling soon.

Google Inc (NASDAQ:GOOG) traded at $647.18 by plunging -0.01% with price volatility of 1.95% for a week and 2.53% for a month plus price volatility’s Average True Range for 14 days was 15.32 and its beta stands at 1.09 times.

Stocks after opening at $645.99 hit high price of $653.02 and on last session stock held volume of 3.44 million shares which was unexpectedly higher than its average volume of 2.97 million shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 3.94 as current ratio and on the opponent side the debt to equity ratio was 0.09 and long-term debt to equity ratio remained 0.04. The Company had total cash at hand $44.62 billion and a book value per share as $207.05 in the most recent quarter.

While investors who viewing GOOG against other stocks with the reference of profit margin that are Baidu.com, Inc. (ADR) (NASDAQ:BIDU) having profit margin 47.20%, Tripadvisor Inc (NASDAQ:TRIP) with 25.01% profit margin, Linkedin Corporation (NYSE:LNKD) having 2.03% profit margin and AOL, Inc. (NYSE:AOL) having profit margin of 47.72%.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.