Lawsuit claims Google and Facebook brokered secret deal to dominate ad market

FILE - Facebook founder Mark Zuckerberg speaks at Georgetown University in a 'Conversation on Free Expression" in Washington, DC on October 17, 2019.

Attorneys for Texas and other states, according to court filings obtained by Fox News, say that the 2018 deal between tech giants potentially violated antitrust laws by giving Facebook unlawful advantages in Google’s advertising exchange. The recently unredacted suit also alleges that Google misled publishers and advertisers regarding the way it prices and carries out ad auctions and created secret algorithms to hike prices for some buyers while deflating revenue from certain advertisers.

The company also rejected the accusation that Pinchar was involved in a secret agreement and said "We sign hundreds of agreements every year that don't require CEO approval, and this was no different."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook, Google CEOs were aware of formal advertising market deal, according to court filingChief executives of Alphabet Inc's Google and Facebook were aware of a deal to carve up part of the online advertising market, according to an amended complaint filed by Texas and other states that have filed an antitrust lawsuit against Google. Hmm. Don't know much about antitrust - but is that potentially a criminal violation of the Sherman Act? I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him There’s no end to how much money you can get when no rules are applied
Source: cnni - 🏆 326. / 59 Read more »

Google's Alleged Scheme to Corner the Online Ad MarketA newly unredacted legal filing sheds light on internal programs that antitrust enforcers argue advantaged Google at the expense of advertisers and publishers.
Source: WIREDBusiness - 🏆 68. / 68 Read more »