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Unidentified Speaker
COMMISSION ANNOUNCED YESTERDAY THAT IT IS IN ITS 19 MONTH INVESTIGATION OF GOOGLE SAYING IT FOUND NO EVIDENCE THAT THE COMPANY VIOLATED ANTITRUST LAWS....
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| 00:00:23 |
Unidentified Speaker
FOR COMING. THERE'S A LITTLE MORE ROOM FOR PRESS. I'M PLEASED TO BE JOINED TODAY BY RICH FEINSTEIN, OUR DIRECTOR OF THE FTC BUREAU OF COMPETITION....
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| 00:16:23 |
Unidentified Speaker
THIS. WE TALKED TO THE EUROPEANS ARE OFTEN. I ACTUALLY SPOKE TO DG COMPETITION AT THIS POINT IT WITH GREAT, GREAT RESPECT FOR THE WORK THEY ARE DOING....
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| 00:17:48 |
Unidentified Speaker
JUST WANT TO ASK YOU WHY YOU SOUGHT THE CONSENT DECREE ON THE SEP'S BUT NOT ON THE SCRAPING OF THE MULTI-HOMES. [INAUDIBLE] >> WELL, I THINK IT'S
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| 00:18:03 |
Unidentified Speaker
IMPORTANT TO POINT OUT THAT WE DO HAVE A CONSENT, WE DO HAVE A CONSISTENT STANDARD AND ESSENTIAL PATENTS. EVERY CASE IS DIFFERENT IN THE FORM OF RESOLUTION...
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| 00:19:22 |
Unidentified Speaker
EACH CASE IS DIFFERENT. THE FORM OF RESOLUTION IS DIFFERENT. I THINK THAT, I THINK THIS IS FAIRLY -- THIS IS RELATING TO UNIQUE CIRCUMSTANCES OF THE...
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| 00:20:00 |
Unidentified Speaker
POLITICAL. LET'S TALK ABOUT THE ENFORCEABILITY OF THE GOOGLE AGREEMENT. BECAUSE YOU MENTIONED YOU DON'T IMPOSE FINES AND YOU CAN'T PUT PEOPLE IN JAIL....
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| 00:20:22 |
Unidentified Speaker
IF YOU LOOK AT THE COMMITMENT LETTER, IT'S ENFORCEABLE. YOU KNOW, ARE MONITORING REQUIREMENTS. THAT ARE MONITORING REQUIREMENTS WITHIN THEIR COMMITMENTS...
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| 00:20:36 |
Unidentified Speaker
NO, NO, NO. I MEAN, THEY WILL MAKE SURE THEY HONOR THEIR COMMITMENTS ON SCRAPING, RIGHT? NOT SCRAPING COMPETITORS DATA. [INAUDIBLE] >>
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| 00:20:54 |
Unidentified Speaker
CORRECT. BUT ON SEARCH, IT'S A UNANIMOUS 5-0 VOTE TO CLOSE THE SEARCH INVESTIGATION. AND THE REASON IS, IT DOESN'T VIOLATE THE AMERICAN ANTITRUST ...
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| 00:21:33 |
Unidentified Speaker
YOU ENFORCE THE SO-CALLED VOLUNTARY AGREEMENT IF THERE'S NO WAY TO CHECK IF THEY ARE DEMOTING PEOPLE ARE NOT? >> BECAUSE A
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| 00:21:41 |
Unidentified Speaker
VOLUNTARY AGREEMENT -- MAYBE I SHOULD MAKE THIS CLEAR. A VOLUNTARY AGREEMENT DOESN'T RELATE TO THE OVERALL SEARCH BIAS ISSUE. THE OVERALL SEARCH BIAS...
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| 00:21:57 |
Unidentified Speaker
BECAUSE, FIRST OF ALL, THOSE RIVALS KNOW HOW TO COME TO THE FTC. YOU'D BE SURPRISED HOW MANY OF THEM DID. AND SECOND OF ALL, THERE UNDER MONITORING...
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| 00:22:09 |
Unidentified Speaker
HOW? I UNDERSTAND THE PART ABOUT THE SCRAPING. WHAT I'M SAYING, PART OF THIS AGREEMENT IS THAT IF YOU OPT OUT OF BEING SCRAPED, YOU ARE NOT PENALIZED...
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| 00:22:21 |
Unidentified Speaker
WE WILL KNOW. LET ME ASSURE YOU, IF YOU, LET ME ASSURE YOU IF THERE ARE COMPLAINTS, IF THERE ARE COMPLAINTS THAT SOMEONE OPTED OUT AND THEY'RE BEING...
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| 00:22:51 |
Unidentified Speaker
PENALTIES? [INAUDIBLE] WHAT DOLLAR FIGURE, WHAT ARE THE PENALTIES THAT WILL APPLY TO THEM? >> WELL, IF YOU VIOLATE
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| 00:22:59 |
Unidentified Speaker
AN ORDER, THAT IS $16,000 PER VIOLATION. AND VIOLATION CAN BE DEFINED IN A WAY THAT MULTIPLIES THAT $16,000 VERY, VERY, VERY QUICKLY QUICKLY. YOU KNOW,...
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| 00:24:16 |
Unidentified Speaker
RESOLUTION MARKET TESTED? WHY WAS A VERY PUBLIC COMMENT
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| 00:24:22 |
Unidentified Speaker
PERIOD? >> THERE WILL BE A PUBLIC COMMENT PERIOD FOR THE STANDARD AND ESSENTIAL PATENTS. THERE ABSOLUTELY WILL BE. WE ALWAYS DO THAT. IT'S A 30 OR 60...
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| 00:25:42 |
Unidentified Speaker
SIR. >> I'M WITH THE "WASHINGTON POST." SO MOST OF THE COMPLAINTS YOU HEAR FROM CONSUMER GROUPS AND OTHER MEMBERS OF THE INDUSTRY HAVE TO DO WITH SEARCH...
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| 00:26:33 |
Unidentified Speaker
GOOD QUESTION, BUT I DON'T THINK THEY FEEL LIKE THEY'RE OFF. AGAIN, FROM OUR PERSPECTIVE, LOOK, ANYONE WHO IS IN THE BUSINESS OF BEING THE CHAIRMAN...
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| 00:29:14 |
Unidentified Speaker
NO. I THINK THE JUSTICE DEPARTMENT IS TERRIFIC AT INVESTIGATING THESE ISSUES, BECAUSE THERE REALLY A WONDERFUL AGENCY AND THE ANTITRUST DIVISION IS...
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| 00:30:35 |
Unidentified Speaker
READ THE STATEMENT OF THE COMMISSIONERS AND READ THE ANALYSIS TO ANY PUBLIC COMMENT THAT WAS DRAFTED BY THE STAFF TO IT IS VERY, VERY GOOD, AND, AND...
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| 00:31:07 |
Unidentified Speaker
WONDERING HOW THIS INVESTIGATION WAS AFFECTED BY THE FAST CHANGES THAT ARE HAPPENING IN THE SEARCH MARKET. GOOGLE CHANGES THEIR ALGORITHMS ABOUT 500...
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| 00:31:33 |
Unidentified Speaker
I WOULD SAY IT WAS A FACTOR IN THE SENSE THAT WE RECOGNIZE IT'S A VERY DYNAMIC INDUSTRY. AND YOU WANT TO BE CAREFUL BEFORE YOU APPLY SANCTIONS. SO WE...
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| 00:32:01 |
Unidentified Speaker
HELLO. ONE THING WE DID DO IS WE HAD A CHIEF TECHNOLOGIST VERY INVOLVED IN THIS INVESTIGATION. VERY HELPFUL IN HELPING US FIGURE OUT EXACTLY WHAT WAS...
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| 00:32:26 |
Unidentified Speaker
YOU MENTIONED, BECAUSE WE WERE FORTUNATE TO HAVE ED FELTEN WAS BACK TEACHING AS OUR FIRST CHIEF TECHNOLOGY. HIS WORK IS INVALUABLE ON PRIVACY ISSUES....
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| 00:32:55 |
Unidentified Speaker
JUST WONDERING ABOUT THE NUMBER OF COMPLAINTS THAT YOU RECEIVED. YOU SAID YOU RECEIVED QUITE A FEW. CAN YOU GIVE US A NUMBER? >>
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| 00:33:04 |
Unidentified Speaker
NOW I DON'T THINK AGAIN, ESPECIALLY GIVEN THE NUMBER. >> I DON'T KNOW
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| 00:33:08 |
Unidentified Speaker
WHAT IT WOULD BE IF WE COULD. IT'S MANY. >> THAT
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| 00:33:13 |
Unidentified Speaker
REMAINS CONFIDENTIAL UNLESS IT'S IN ONE OF THE COMMISSIONERS STATEMENTS. IT WAS SUCH JUST ONE OR TWO PEOPLE WANDERING IN OFF THE STREET. >>
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.