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Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says - WSJ

Stock Markets Dec 22, 2020 10:20AM ET
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2/2 © Reuters. FILE PHOTO: A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration picture 2/2

(Reuters) - Facebook Inc (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google agreed to "cooperate and assist one another" in case of an investigation into their pact to work together in online advertising, the Wall Street Journal reported late on Monday.

The Journal report cited an unredacted version of a lawsuit filed by 10 states against Google last week.

The states had accused Google of working with Facebook in an unlawful manner that violated antitrust law to boost its already-dominant online advertising business.

According to the report, the lawsuit said that Google and Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them.

A Google spokesperson told the Journal that such agreements over antitrust threats are extremely common.

The unredacted draft version of the lawsuit, which the Journal said it reviewed, also said that Facebook's Chief Operating Officer Sheryl Sandberg signed the deal with Google.

The draft version also cites an email in which Sandberg told Facebook Chief Executive Officer Mark Zuckerberg and other executives that "this is a big deal strategically," the report said.

Facebook did not immediately respond to a Reuters request for comment.

Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says - WSJ
 

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Comments (3)
Sherzod Omonov
Sherzod Omonov Dec 23, 2020 6:40AM ET
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wyridls ok ckvkd
Kaveh Sun
Kaveh Sun Dec 22, 2020 10:34AM ET
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The left accuse Google, facebook stole election for Trump. To please the left, the try to ‘moderate’ the content, that makes the right upset. Twitter is the only one stick to the left from beginning. The left protect twitter. Google,facebook has no one left to protect them.
Luis Angulo
Luis Angulo Dec 22, 2020 5:57AM ET
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USA see someone that is having more power than themselves and they dislike this situation. They are the Big Brother
John Burton
John Burton Dec 22, 2020 5:57AM ET
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The government needs to read the foundinding documents. Its not we the congress, its WE THE PEOPLE!
 
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