Google confirmed Friday that the U.S. Federal Trade Commission is investigating its business practices. The Los Angeles Times cites a company blog post in which Google Fellow Amit Singhal explained:
It's still unclear exactly what the FTC's concerns are, but we're clear about where we stand. ... We aim to provide relevant answers as quickly as possible.
We've heard rumblings that the FTC and other agencies have been digging into Google's inner workings for months now, but this is the first time Google has addressed it directly.
If even the details of the rumor are true, then the FTC is looking into Google's dominance of the search space and whether the company "plays favorites" when awarding search result rankings. The agency isn't the first regulator to do so.