Google Inc. (NASDAQ:GOOG) has warned against legislating against a social recognition database without giving due thought to the consequences.

Google Inc. (NASDAQ:GOOG) Warns Against Legislation

Eric Schmidt, the Executive Chairman of Google Inc. (NASDAQ:GOOG), has warned against ‘foolish’ legislation, and has said that so-called ‘facial recognition’ is not at a high standard right now, even by their own usual quality levels.

Mr Scmidt said while answering questions that, “Well-meaning people in government write something which is pretty broad and you have to be careful when you do this kind of regulation. You might affect something and have an unintended consequence. So that is what we are always concerned about.”

Google Inc. (NASDAQ:GOOG) shares were at 529.81 at the end of the last day’s trading. There’s been a -15.0% change in the stock price over the past 3 months.

Google Inc. (NASDAQ:GOOG) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.26
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.27
Zack’s Rank: 6 out of 28 in the industry