HomeTech PlusTECH & OTHER NEWSGoogle and Facebook reportedly agreed to help each other against potential antitrust...

Google and Facebook reportedly agreed to help each other against potential antitrust action

Facebook Chief Operating Officer Sheryl Sandberg speaks on stage during Facebook session at the Cannes Lions 2019 : Day Three on June 19, 2019 in Cannes, France.

Richard Bord | Getty Images

Google and Facebook pledged to help one another if they ever faced an investigation into their pact to work together in online advertising, according to a report from The Wall Street Journal on Tuesday.

The story is based on an unredacted version of a lawsuit filed by 10 U.S. states against Google last week that was seen by the Journal.

Google and Facebook reportedly made a deal in September 2018 in which Facebook agreed not to compete with Google’s online advertising tools. In return, the social media giant was given “special treatment” when it used them itself, according to the Journal.

The lawsuit reportedly states that Google and Facebook knew their deal could result in antitrust investigations.

A Google spokesperson told CNBC that the claims made in the lawsuit were inaccurate. “The idea that this was a secret deal is just wrong. We’ve been public about this partnership for years,” they said.

Facebook did not immediately respond to CNBC’s request for comment.

Read The Journal’s full story here.

By CNBC Source Link

Technology For You
Technology For Youhttps://www.technologyforyou.org
Technology For You - One of the Leading Online TECHNOLOGY NEWS Media providing the Latest & Real-time news on Technology, Cyber Security, Smartphones/Gadgets, Apps, Startups, Careers, Tech Skills, Web Updates, Tech Industry News, Product Reviews and TechKnowledge...etc. Technology For You has always brought technology to the doorstep of the Industry through its exclusive content, updates, and expertise from industry leaders through its Online Tech News Website. Technology For You Provides Advertisers with a strong Digital Platform to reach lakhs of people in India as well as abroad.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

CYBER SECURITY NEWS

TECH NEWS

TOP NEWS