Google and Facebook partnered up against possible antitrust action
"Facebook Inc and Alphabet Inc's Google agreed to “cooperate and assist one another”"
The Wall Street Journal reported that Facebook Inc and Alphabet Inc's Google agreed to “cooperate and assist one another” in case of an inquiry into their pact to work together in online advertising.
The Journal report mentioned raw footage of the lawsuit filed by 10 states against Google last week.
Google was accused as it was working with Facebook in order to boost its already-dominant online advertising business in ways that dishonored antitrust law.
According to the report, the lawsuit said that Google and Facebook were aware that their agreement could set off antitrust investigations.
According to a Google spokesperson, such agreements over antitrust threats are extremely common
When the journal reviewed the unedited draft version of the lawsuit, it said that Facebook’s Chief Operating Officer Sheryl Sandberg signed the deal with Google.
According to the report, The draft version was also seen to quote an email in which Sandberg told Facebook Chief Executive Officer Mark Zuckerberg and other executives that “this is a big deal strategically,”
source: Reuters
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