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By Robert Hetz and Jesus Aguado MADRID (Reuters) - Spanish officials raided Google's Madrid offices on Thursday in a tax probe, authorities said, barely a month after the internet company had its headquarters in France searched on suspicion of tax evasion. A spokeswoman for Google said in a statement the company complied with fiscal legislation in Spain just as it did in all countries where it operated. The company was working with authorities to answer all questions, the spokeswoman added.
The country's telecoms regulator hopes that the move, combined with new high-speed Internet capacity targets announced on Thursday, will improve connectivity for around 65 million people living in France, which lags its European peers. France ranked 16th among the 28 European Union (EU) member countries for growth in Internet connectivity over the past year and below the average growth rate, according to February figures from the European Commission. In fixed-line, about six million French households currently benefit from fixed high-speed services.
Netflix Inc will continue to look into the possibility of entering China, a senior company executive said on Thursday, as the video streaming service seeks to grow its subscriber base outside its home of the United States. "Since China is a great opportunity, we continue to look into China," Ted Sarandos, Netflix's chief content officer, said at a media event in Seoul without elaborating. Netflix is trying to counter slowing growth in the U.S. with its move in January to launch in more than 130 new markets worldwide.
The apps, like Instagram, Hipstamatic, DailyBooth and PicPlz, have been small-time projects, but now a few are trying to become real businesses.
Google’s acquisition of passwords, e-mails and other personal data from unsuspecting people may have violated the Communications Act.
Samsung and LG Electronics have moved into the realm of leadership in the technology industry, but as smartphones take the world by storm, they have remained largely confined to the sidelines.
Despite the company’s strong performance, shares fell close to 10 percent in after-hours trading after the earnings release.
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