June 20, 2013

News Summary: Google gaffe blamed on contractor

BY: AP Staff Writer OCTOBER 18, 2012 | MODIFIED: OCTOBER 18, 2012 AT 7:18 PM
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Photo -   FILE - In this Monday, Sept 17, 2012, file photo an unidentified man's shadow reflects on a commercial bus with an advertisement for Google Mail, in Lagos, Nigeria. Google Inc.'s stock plunged suddenly on Thursday Oct. 18, 2012, after a contractor prematurely released the search company's third-quarter earnings report. (AP Photo/Sunday Alamba)
FILE - In this Monday, Sept 17, 2012, file photo an unidentified man's shadow reflects on a commercial bus with an advertisement for Google Mail, in Lagos, Nigeria. Google Inc.'s stock plunged suddenly on Thursday Oct. 18, 2012, after a contractor prematurely released the search company's third-quarter earnings report. (AP Photo/Sunday Alamba)

THE GAFFE: Google released its financial results earlier than scheduled, which caused its stock price to drop 9 percent before trading was suspended.

THE BLAME: The search company blamed a contractor, R.R. Donnelley & Sons Co., for filing Google Inc.'s quarterly earnings report with regulators more than three hours ahead of schedule. Donnelley said it was investigating.

THE COMPANY: Google has a lot of company in making such gaffes. In recent years, Microsoft, Disney and others have made similar mistakes, typically by posting the report to part of a website they weren't expecting anyone to see.

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