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Google Inc (NASDAQ:GOOG) Declares it has Reacted to Survey of India Queries over ‘Mapathon’ – GOOG, FB, ZNGA, YHOO, GRPN

As Delhi Police examines whether Google Inc (NASDAQ:GOOG) breached rules in holding a rivalry that requested users to add information regarding their local areas for its online map, the US Internet firm Saturday declared that it had responded to queries lifted by Survey of India over 10 days back and hasn’t heard from it yet.

Google stated in a statement that the Survey of India contacted Google regarding the Mapathon contest on March 22, and as asked by them they responded to them on March 25 and obtainable to meet them to discuss their concerns.

They have not heard back from them further, and are forever obtainable to discuss some concerns that they or other agencies might have regarding their programmers,” it added.

Google Inc (NASDAQ:GOOG)opened at $778.75 with 329.66 million outstanding shares and touch its highest price of $779.55 of the day and then traded at $770.67 by scoring -1.53% at time 11:01AM EDT, as in the current session stocks gain volume of 1.00 million shares which is lower than its average volume.

As the owner ship concerns stocks institutional ownership remained 85.75% while insider ownership included 0.07%. The share capital of GOOG has 329.66 million outstanding shares amid them 264.18 million shares have been floated in market.

For investors focus on the performance of the stocks so the GOOG showed weekly behind performance of -1.64% which was maintained for the month at 1.16%. Correspondingly the positive performance for the quarter was remained +8.21% and if took notice on yearly performance that was +21.04% whereas the year to date performance halted at +10.70%.

As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the GOOG return on investment was recorded as -8.45% as compare to its rivals has Facebook Inc (NASDAQ:FB)’s ROI 0.54%, Zynga Inc (NASDAQ:ZNGA)’s ROI -10.70%, Yahoo! Inc. (NASDAQ:YHOO)’s ROI 22.35%, Groupon Inc (NASDAQ:GRPN)’s ROI -6.20%.


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