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Google Announces First Quarter 2011 Results and $500M Set Aside for DOJ Investigation

Google Announces First Quarter 2011 Results: “In May 2011, in connection with a potential resolution of an investigation by the United States Department of Justice into the use of Google advertising by certain advertisers, we accrued $500 million for the three month period ended March 31, 2011. Although we cannot predict the ultimate outcome of this matter, we believe it will not have a material adverse effect on our business, consolidated financial position, results of operations, or cash flows. As a result, we have updated the affected financial data in this release, as noted, as well as the accompanying financial tables.”

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