CEI Today: FTC closes Google probe, Rick Santelli asks, "Who is Richard Windsor?", and how much does EPA really cost the economy?
FTC v GOOGLE - RYAN RADIA
Web Users Dodge Bullet as FTC Closes Google Probe
The Federal Trade Commission announced a settlement with Google, marking the end of a two-year antitrust probe of the company. While Google agreed to change certain business practices involving patent licensing and advertising portability, the FTC’s investigation concluded that Google’s search engine does not unlawfully disadvantage competitors’ websites or deliver “biased” search results.
The FTC’s unanimous decision not to pursue an antitrust lawsuit against Google reflects the vigorous state of competition on the Internet – and the utter failure of Google's critics to put forward a serious antitrust case against the company.
Today’s ruling also affirms that every company is free to compete by serving its users, no matter how high its market share or how much its rivals suffer as a result. America's antitrust laws are designed not to punish companies for growing too big or too unpopular, but to ensure no company stifles competition itself. The thriving Internet sector -- a bright spot in America's otherwise lackluster economy -- shows no signs of suffering from too little competition. > View the full statement at CEI.org
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