USHCC Applauds FTC Decision Following Conclusion of Google Investigation
The United States Hispanic Chamber of Commerce (USHCC) today commended the U.S. Federal Trade Commission (FTC) for its decision to conclude a year-long antitrust investigation of Google, Inc. (NASDAQ: GOOG). The FTC found that Google's search engine did not harm consumers or hinder its competitors in what was one of the defining antitrust battles of the internet age.
"The USHCC believes the openness of the Internet has been central to its development and has encouraged the growth of American startups and innovative firms," said USHCC President & CEO Javier Palomarez. "We are delighted that the FTC's conclusion of this case will ensure internet freedom and allow good ideas to flourish, especially for Hispanic entrepreneurs who are starting new ventures at twice the national rate."
In a recent letter to FTC Chairman John Leibowitz and fellow Commissioners, the USHCC advocated for Hispanic-owned businesses that rely on Google's search engine to bring diverse products and services to the marketplace. Legal action against Google, the USHCC argued, would result in unwarranted restrictions on Google's ability to provide consumers with fast, reliable search results and search-related advertising.
"As is, the Internet empowers consumers and business owners to make their own choices about what sites, applications and services to use, and the range of consumer choices available on the internet gives e-commerce the flexibility to foster innovation and entrepreneurship," added Palomarez. "The FTC's announcement should pave the way for renewed internet freedom and certainty in the marketplace."
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.