Google Inc. (NASDAQ: GOOG) is reduced due to the Asian problems

Google Inc. shares are falling because of the Korean justice

In brief: Google Inc. (NASDAQ: GOOG) shares continue to lose in price substantially on the background of problems in the Asian region.

Google Inc. (NASDAQ: GOOG) shares up 501.45 points, losing -0.77%. The main reason for Google Inc. Quotations drop was bad news from Asia. South Korean police raided the Seoul office of the corporation Google. The search, during which were seized hard drives and a number of documents held on 19 law enforcement officers.

The company suspected of illegally collecting information about citizens. It is assumed that the random intercept data passing through an unprotected network Wi-Fi, do cars Google, carrying panoramic city for the service Street View. Google working on a Korean version of Street View from the end of 2009, said Reuters. Google representatives have promised to support the investigation and to answer any questions the police. In May 2010, authorities in Germany demanded that the audit data collected by the company during the mapping survey. The study showed that Google was collecting data transmitted over unsecured wireless channels. Soon, the company’s activities came under investigation officials of several countries, and Google has become a party to a number of trials. In particular, the current service Street View studied representatives of the Federal Trade Commission.

Igor Tringlers
2010-08-10 17:19, Economics.

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