FTC Settlement: Earlier today, we brought you a story about Google Inc (NASDAQ:GOOG)’s showdown with the FTC. As reported, the nearly two-year probe by U.S. regulators has finally come to an end.
This leads to one very important question: who came out on top?
While there is no “winner or loser” in a case that takes this long to resolve, things worked out favorably for the search giant.
The Wall Street Journal puts it best by saying:
Federal regulators who spent nearly two years probing Google Inc.’s search engine for possible antitrust violations came up virtually empty-handed, in a decision that confounded the company’s competitors by upholding Google’s central argument that its innovations benefited users.
After hearing so much over the past couple years from FTC Chairman Jon Leibowitz, it is only fitting to get his opinion on this subject one last time: