Google Reports Increased Revenue- But Legal Issue Abound
Q1 revenue increased $8.6 Billion which is 27% higher than a year earlier, however there are a number of critical legal issues facing Google which I included in my recent eCommerce Times column. Those legal challenges include the recent rejection of the long-running Google book settlement by US Circuit Judge Denny Chin regarding Google’s plan to digitize millions of books from libraries around the world. As a result of Google's unfavorable launch of Buzz now the FTC will have oversight over Google’s privacy policy for the next 20 years. Also Google has antitrust issues in the EU and US. In spite of these challenges it appears that Google is economically success and doing well. However it’s difficult to predict how long Google can succeed with these complex legal issues to contend with.
