Top Tech Stories of the Day: FTC To Review Google's Waze Acquisition On Antitrust Grounds

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Top Tech Stories of the Day: FTC To Review Google's Waze Acquisition On Antitrust Grounds

Top Tech Stories of the Day: FTC To Review Google's Waze Acquisition On Antitrust Grounds
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Top Tech Stories of the Day: FTC To Review Google's Waze Acquisition On Antitrust Grounds

by Wochit 1:12 mins

Google's $1.1 billion acquisition of social mapping startup Waze has drawn the attention of the Federal Trade Commission after all. The Wall Street Journal reports today that Google has been contacted by FTC lawyers intending to conduct an antitrust review of the acquisition. Google declined to comment but did confirm to the WSJ that it has been contacted by the FTC over the deal. "What the hell is cloud computing?" Oracle Corp Chief Executive Larry Ellison said during a diatribe against the whole concept at an investor Q&A in 2008. Asked to describe his strategy for expanding into a then-small but rapidly expanding sphere, the software giant's head said he had no idea what people were talking about when they referred to cloud computing, describing it as "nonsensical" and those writing about it as "insane". The Pentagon has granted many exceptions, possibly numbering in the thousands, to allow staff members who administer secure computer networks to use flash drives and other portable storage devices, department spokesmen say.

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