The Mountain View, California-based Google Inc (NASDAQ:GOOG) decided to pay $22.5 million, the biggest fine till now imposed by the United States Federal Trade Commission, to fix charges that it violated world’s most valuable company Apple Inc’s (NASDAQ:AAPL) Safari Internet browser.
The biggest ever fine is the Federal Trade Commission’s first for a breach of Internet privacy as the agency boosts enforcement of customers’ online rights.
U.S. Federal Trade Commission charged that world’s biggest search engine owner Google misled consumers and breached terms of a consent decree signed with the commission previous year when it planted cookies on Safari, surpassing Apple software’s privacy settings, to track consumers’ Internet browsing activities.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Microsoft Corporation (NASDAQ:MSFT) rose +0.56% to settle at $30.50, Baidu.com, Inc (ADR) (NASDAQ:BIDU) moved down -0.25% to end at $130.94 while AOL, Inc (NYSE:AOL) jumped +0.44% to finish on Thursday at $34.30.
Google Inc (NASDAQ:GOOG) last session volume of 1.07 million shares was lower than its average volume of 2.27 million shares. The stock after opening at $644.51 hit high price of $646.37 and then closed at $642.35 by scoring +0.02%.
GOOG generated revenue of 43.16 billion in the following twelve months and earned $11.11 billion. The Company showed a positive +25.74% in the net profit margin and as well as in its operating margin which remained +30.48%. Company’s annual sales growth for the past five years was +29.01%.
The GOOG past twelve months price to sales ratio was 4.87 and price to cash ratio remained 4.87. As far as the returns are concern, the GOOG return on equity was recorded as 19.04% and increased 17.21% return on investment while its return on asset stayed at 14.72%.
The stock showed weekly upbeat performance of +2.16% which was maintained for the month at +12.46%. Likewise the positive performance for the quarter was recorded as +4.68% and for the year was +17.00% while the YTD performance remained at -0.55%.
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