Sometimes Google is the target, other times Google is working to protect itself. There are many events that have happened in the last few days, and here is a brief review of these events and how they might affect Google Inc. (NASDAQ:GOOG). First off, both the Federal Trade Commission and the European Commission are looking into antitrust allegations against Google in its search results – Google owns nearly 70-percent market share in search in the U.S. and 90 percent in Europe. Google is being threatened with sanctions by the EC, while the FTC may back off if President Obama’s appointee Joshua Wright is approved to the commission – as he has been a vocal critic of the FTC investigation into Google.
Next up for Google Inc. (NASDAQ:GOOG) is that is joining a technology lobbying group with other major companies like Amazon.com Inc. (NASDAQ:AMZN), Facebook Inc. (NASDAQ:FB) and Yahoo! Inc. (NASDAQ:YHOO). On the other side, an anti-Google lobbying organization called Fair Search – which, interestingly, is headed by Microsoft Corporation (NASDAQ:MSFT) – has added new members like Nokia Corporation (NYSE:NOK) and Oracle Corporation (NASDAQ:ORCL). Nokia likely is part of the group because its handsets are on the Windows Phone 8 operating system, and Oracle may be in due to its Java court loss earlier this year.
With all of this attention on Google Inc. (NASDAQ:GOOG), despite all of the headlines surrounding other companies and other devices, does this mean Google is the king of the tech sector? If so, then investors in Google stock like hedge-fund manager Chase Coleman of Tiger Global Management LLC just might be ready to benefit from siding with a “king.”