Aug. 9 (Bloomberg) -- Google Inc. agreed to pay $22.5 million, the largest fine ever levied by the U.S. Federal Trade Commission, to settle allegations that it breached Apple Inc.’s Safari Internet browser.
The record fine is the FTC’s first for a violation of Internet privacy as the agency steps up enforcement of consumers’ online rights.
Google shares rose less than 1 percent to $643.04 at 2:34 p.m. in New York trading. The stock has declined 0.43 percent this year.
Cookies are small pieces of computer text that collect information from computers about a user’s browsing behavior and can be used to serve advertisements to consumers based on their interests as shown by the websites they visit.