Tuesday May 10, 2011

Google Takes $500M Charge Over DOJ Investigation

Google has taken a $500M charge this month but, get this, the company applied it to the earning period that end in March. What? Is this some kinda Google-Math?

The filing says the charge was taken this month, and applied to the quarter ended March 31, "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."

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