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When I purchased shares of Google
There are few details of the complaints or allegations that the FTC plans to lodge against Google, although we all know of the company's powerful presence in online information. The Wall Street Journal recently cited the infamous "people familiar with the matter," who believe the FTC is probing whether Google has abused its power in Internet search and advertising.
"Abuse" sounds pretty evil -- until you remember that the FTC has gotten this sort of thing wrong before. In 2007, when it tried to block Whole Foods Market's
Even with Whole Foods' acquisition of Wild Oats, consumers still have plenty of options for buying organic and natural foods, including private companies like Trader Joe's, Safeway
Similarly, people who want to conduct Internet searches have plenty of options from big, well-known companies like Microsoft
Google isn't a perfect company -- I give much greater credence to privacy concerns about its trove of user data. But I still contend that its positive attributes far outweigh negative ones. The FTC seems to be punishing this company for having a good search product that people choose to use, not protecting users from one market player that forces everyone into its service because there are no other choices. There's nothing evil about having a wicked good product.
Let me know your thoughts on Google's good or evil nature in the comments box below, or participate in my Foolish colleague Tim Beyers' poll: "Does Google Need to Be Broken Up?"
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The Motley Fool owns shares of Wal-Mart, Yahoo!, Microsoft, Whole Foods Market, and Google. Motley Fool newsletter services have recommended buying shares of Yahoo!, Whole Foods Market, Google, Microsoft, and Wal-Mart, and creating diagonal call positions in Wal-Mart and Microsoft. Try any of our Foolish newsletter services free for 30 days.
Alyce Lomax owns shares of Whole Foods Market in her personal portfolio. For more on this and other topics, check back at Fool.com, or follow her on Twitter: @AlyceLomax. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.