Draft lawsuit filed by ten US states last week says Facebook and Google agreed to “cooperate and assist one another” against possible antitrust action
Draft lawsuit quotes Facebook's Sandberg saying Google pact was a ‘big deal strategically’
Wall Street Journal
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Discussion
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@rmac18
@rmac18
on x
Remember when people talked about Sheryl Sandberg as a potential Treasury Secretary in 2016? Two years after that she allegedly signed a Facebook deal with Google to entrench the two companies' control of the online ad market. https://www.wsj.com/...
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@jeffhorwitz
Jeff Horwitz
on x
My DC colleagues reviewed the unredacted Texas antitrust case. In it, Google execs wrote that if they couldn't “avoid competing with” Facebook, they would collaborate to “build a moat.” The two companies also agreed to coordinate their antitrust defenses. https://twitter.com/...
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@jesselehrich
Jesse Lehrich
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WOW. @WSJ obtained *damning* new details about the price-fixing deal @Facebook & @Google cut to rig the online ad market. FB called the deal “relatively cheap” compared to competition. Sheryl Sandberg signed it, saying it was a “big deal strategically.” https://www.wsj.com/...
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@mhbergen
Mark Bergen
on x
“According to the draft version, Ms. Sandberg signed the deal with Google. The draft version also cites an email where she told CEO Mark Zuckerberg and other executives: ‘This is a big deal strategically.’” https://www.wsj.com/...
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@wsj
@wsj
on x
Facebook and Google agreed to cooperate if their online-ad pact prompted antitrust action, according to an unredacted version of a state lawsuit https://www.wsj.com/...
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@cristinagberta
Cristina Berta Jones
on x
🤦🏻♀ ️"an internal FB document described the deal as “relatively cheap” when compared with direct competition, while a Google presentation said, if the company couldn't “avoid competing with” FB it would collaborate to “build a moat."" https://www.wsj.com/...
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@tonyromm
Tony Romm
on x
SCOOP: Facebook offered to help create its own, new social-networking competitor in a failed bid to ward off state and federal antitrust lawsuits. A dozen sources told us about the company's broader efforts to avoid becoming the next Microsoft: https://www.washingtonpost.com/ ...
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@tonyromm
Tony Romm
on x
SCOOP: Facebook at one point approached state, federal antitrust investigators, offering to help stand up its own new competitor if it would prevent a lawsuit. It didn't work. The government sued. Here's our look at FB's campaign to fight back https://www.washingtonpost.com/ ...