As per reports, it has been revealed that an investigation is going to be launched soon to find out whether or not Google has violated an agreement which it signed with the US Federal Trade Commission.

A huge row of disappointment was observed in the market analysts and shareholders of Google alike as they expected the internet giant’s co-founder and new Chief Executive Officer (CEO) Larry Page to divulge more about his future plans and strategies for the betterment of the company.

As Eric Schmidt stops, Larry Page, the co-founder of Google have become the new CEO.

Google co-founder Larry Page is now formally the chief executive of this search engine giant. This has already been announced on Jan 20, 2011.

Eric Schmidt, who was previously the Chief Executive, will now be Executive Chairman, while Sergey Brin would be still recognized as the co-founder.

The Silicon Valley California has been witnessing the two notable changes of late - the announcement of Larry Page as the replacement for the current Google CEO Eric Schmidt; and the Apple CEO Steve Jobs taking another `indefinite' medical leave.

In what will mark the first major corporate shift since Google's early days, the Internet search giant Thursday announced that its CEO Eric Schmidt - who has been heading the company for over a decade - will be replaced by one of the co-founders, Larry Page.

Co-founder of Google Inc. Larry Page will be taking over the post of chief executive officer, from Eric Schmidt, who is a witness of the transformation of a barely profitable startup with two hundred employees into the owner of the world's most- used search engine, having twenty nine billion dollars in sales last year.