Thursday, May 12, 2016
Google stock down after report that FTC could reopen its antitrust case
Google's stuck dipped nearly 1.5% Wednesday afternoon.
The drop closely followed a new report from Politico that said that Federal Trade Commission officials may be thinking about reopening an antitrust investigation about the search giant.
Senior antitrust officials are in the early, information-gathering phase, according to Politico's Nancy Scola.
The FTC closed its original case against Google in 2013 without charges.
A source familiar with the matter says that Google has not heard anything about an investigation at this time.
Google's currently undergoing some legal troubles overseas. The European Commission filed an antitrust complaint against its mobile operating system, Android, in April, and is also pursuing a seperate case into Google's search engine rankings for its shopping service.
The Canadian competition bureau, on the other hand, just closed its investigation into Google's search and advertising.