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Google, Facebook Agreed to Team Up Against Possible Antitrust Action, Says Draft Lawsuit: Report

Google, Facebook Agreed to Team Up Against Possible Antitrust Action, Says Draft Lawsuit: Report The unredacted draft lawsuit said Facebook s CEO Sheryl Sandberg signed the deal with Google, according to the report. By Reuters | Updated: 22 December 2020 18:08 IST Draft version also cites an email in which Sandberg told Zuckerberg that this is a big deal strategically Highlights States had accused Google of working with Facebook in an unlawful manner Google spokesperson told such agreement over antitrust threats are common Facebook and 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

Facebook and Google signed secret pact to maintain status quo and avoid competing, report alleges

Facebook and Google signed secret pact to ‘maintain status quo’ and avoid competing, report alleges Adam Smith © Provided by The Independent Facebook and Google allegedly made a secret agreement to assist one another in any antitrust cases investigating online advertising. The two technology giants are currently facing such a suit, filed by 10 US states led by Republican attorney generals. They accuse Google of abusing its power in online advertising to crush competition. They said the company’s anti-competitive conduct even included a deal with rival Facebook to “manipulate” ad sales.  The alleged deal, which was seemingly codenamed “Jedi Blue”, states that the companies 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, according to an unredacted draft of the lawsuit seen by the

Facebook Fuel For India 2020 Starts Today: Social Good, Digital Tools And Open Internet On The Agenda

»Facebook Fuel For India 2020 Starts Today: Social Good, Digital Tools And Open Internet On The Agenda 2-MIN READ Facebook Fuel For India 2020 Starts Today: Social Good, Digital Tools And Open Internet On The Agenda There will be focus on the communities in India, using digital tools for social good, democratizing donations via digital platforms, empowering women entrepreneurs, digital inclusion using platforms such as WhatsApp, Instagram and creativity as well as Facebook’s push for a safe and open internet for consumers in India. Last Updated:December 15, 2020, 02:01 IST FOLLOW US ON: The Facebook Fuel For India 2020 is the first edition of what the social platform hopes will be an annual dialogue about the tech company’s commitment to India, and it flags off today. The event is spaced out over two days, December 15 and December 16 and is a virtual event. Facebook wants to use this platform to showcase what they call the stories of change in India through the Facebook fa

Why the feds flip-flopped on Facebook

Why the feds flip-flopped on Facebook POLITICO 12/13/2020 By Leah Nylen © Andrew Harnik/AP Photo The FTC’s complaint cites emails among CEO Mark Zuckerberg and other Facebook executives expressing concerns about Apple, Google or Twitter using Instagram to gain “a foothold” in the social media market. Almost a decade ago, the Federal Trade Commission raised no objections as Facebook spent billions of dollars to swoop up the trendy photo-sharing app Instagram and the messaging service WhatsApp. Now the same agency is demanding that Facebook sell both off companies, calling the earlier deals a prime example of the social network’s “buy or bury” strategy for crushing competition.

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