Friday, July 28, 2006

Google will pay $90M

Before some time Google was accused from selling advertising space (adwords program) in way, which can result in cheat clicks, and 70 companies who paid milions of dollars want their money back. And now court has decided. Google is guilty, their advertising program can really cheat their custommers, and they should recieve back (not in cash, but in more adwertising credit) $3,8 for each $1000 spend in last 4,5 years. That dont sound like high sum of money, but when you count that google use really much people, its (together with payments to lawyers who should also recieve more than $ 30 000 000) sum of 90 milions of dollars. That is prettz big hole in accountancy. Google of course told, they will take measures that will prevent of repeating this situation.

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