Google has patched things up with the Security and Exchange Commission (SEC), reaching a settlement over alleged violations of securities laws in the company's IPO last year, according to a SEC filing.
Prior to the floatation, Playboy magazine published an interview with the company's two founders Larry Page and Sergey Brin. The actual interview took place before Google filed for its IPO, but was published during the so-called quiet period, when Google was prohibited to "hype" the company.
Google also faced criticism for stock options issued to employees and consultants between 2002 and 2004. The company had failed to provide the required financial information. To put it differently: the poor souls could have been taken for a ride, having been issued options to an utterly worthless company. I know – it sounds hilarious now that Google stocks are trading at $195 and the company is valued at $53 billion.
It all ends like a fairy tale for Google. The company admitted to no wrongdoing and doesn't pay a penny in fines.
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