Thursday, March 19, 2015

WSJ: Key FTC staff wanted to sue Google after finding ‘real harm to consumers and to innovation’

The Wall Street Journal has uncovered a never before released bombshell report that "concluded in 2012 that Google Inc. used anti-competitive tactics and abused its monopoly power in ways that harmed Internet users and competitors."  These revelations are very troubling and raise serious questions about Google's business practices that appear to warrant further investigation.

The unreleased 160-page report concluded that Google’s “conduct has resulted—and will result—in real harm to consumers and to innovation in the online search and advertising markets.”  This internal document was apparently released due to a FOIA request and appears to have not been intended for public consumption.    

According to Yelp's vice president of public policy Luther Lowe, “This document appears to show that the FTC had direct evidence from Google of intentional search bias."  The FTC received testimony from some of the largest technology companies and the evidence compiled appears very troubling.

The bottom line is that the tech business is extremely cut throat and some companies may do almost anything to obtain market share and dominance.  That may include "acting evil" and intentionally harming consumers and stifling innovation for corporate profit.

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