Facebook has a pressing challenge: to deflect political fury. To that end, Chief Operating Officer Sheryl Sandberg has laid out the reasons why the social network is on the right side of history, in what amounts to a four-pronged defense. It’s not watertight, but it may.
Facebook, Google agreed to team up against antitrust probe, says draft lawsuit
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
Reuters | December 23, 2020 | Updated 09:02 IST
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
Facebook Inc and Alphabet 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.
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Facebook Inc (NASDAQ: FB) and Google-parent
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) formed an agreement to work together in preparation for any potential probe that looked into their advertising deal, several U.S. states have reportedly alleged in a lawsuit.
What Happened: An unredacted draft version of the lawsuit filed by 10 states against Google contains the mention of the cooperation among the two tech giants, the Wall Street Journal reported Tuesday.
Some of the provisions contained in the deal of the two companies state that the two tech firms will “cooperate and assist each other in responding to any Antitrust Action” and “promptly and fully inform the Other Party of any Governmental Communication Related to the Agreement,” as per the Journal.