Andre Yoskowitz
23 Jun 2011 12:53
Following an investigation into their search business, the FTC is set to subpoena Google, in a move that has sent Google's share price tumbling even further.
Google has fallen another 11 points after having a rough month to $476 per share following the news.
Competitors have accused Google of favoring its own Google-backed service in search results.
Complaints have come from smaller companies like Yelp, and from much bigger companies like Expedia and Microsoft, who each claim Google's behavior "starves" them of traffic, says the WSJ.
The search giant is already under investigation by European regulators for the same anti-trust behavior.