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Los Angelas, CA -- (SBWIRE) -- 03/11/2013 -- Google Inc. (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information. The Company generates revenue primarily by delivering online advertising. As of December 31, 2011, the Company’s business was focused on areas, such as search, advertising, operating systems and platforms, and enterprise.
Google’s Street View product was a huge success however the hunger to grab data without authorities’ legal consent caught the company into serious allegations. Google Inc (NASDAQ:GOOG) was alleged with serious charges including improper handling of personal data for the Street View product. However company is said to close to an agreement to pay nearly 7 million US dollars to settle these allegations.
The Federal Communications Commission reported in 2012 that the online search giant improperly gathered personal information, web use history and passwords from non secure networks in 2007. The sources familiar with the internal matter disclosed that company has reached an agreement with more than 30 states. The resolution is expected to announce as early as next week.
The operator of the largest search engine in the world has been coping with probes by government authorities throughout the world over how it uses private information. Last year Google was fined by FCC nearly 25,000 US dollars for unsatisfactory cooperation with an investigation into its collection of the data.
Google Inc (NASDAQ:GOOG) shares fell -0.13% in last session to close at $831.52.
How Should Investors Trade GOOG Now? Find Out Here
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