Google CEO Meets With FTC Officials Over Alleged Antitrust Violations
Google CEO Larry Page has met with officials from the U.S. Federal Trade Commission (FTC) as part of its ongoing antitrust investigation on the search giant.
According to Bloomberg, Page discussed antitrust concerns with FTC officials, while Google executive chairman Eric Schmidt went to the company’s office in Washington, DC to meet with former Republican Congresswoman Susan Molinari.
Google maintains its innocence from alleged violations of antitrust laws and assured any agreement with the FTC will try to avoid a consent decree.
A source has told Bloomberg the FTC has yet to decide whether Google monopolizes a market. It wants a resolution over concerns of Google’s internet search dominance.
If the firm fails to satisfy antitrust concerns, the FTC will sue and hound it on court for several years. The FTC could look for cover and ask Google to sign a consent decree.
Google is not obliged to admit guilty of violating any antitrust laws in a consent decree, but it must agree with a cease and desist order as specified by the FTC.