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The proceedings allege that Google and Facebook mediated secret transactions to dominate the advertising market

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Utah Attorney General Sean Reyes is discussing a multi-state proceeding claiming that Google’s app store is exclusive.

Top Google and Facebook executives have been accused of colluding together by approving a secret deal that gave Facebook an advantage in online advertising auctions.

According to court filings obtained by Fox News, lawyers in Texas and other states have antitrusted the 2018 transaction of high-tech giants by giving Facebook an illegal advantage on Google’s advertising exchange. It states that it may have violated.

Mountain View, CA-October 28: Google Headquarters is located in Mountain View, CA, USA on October 28, 2021. (TayfunCoskun / Anadolu Agency via Getty Images / Getty Images)

SEN. Warren, the person in charge. JAYAPAL accused Google of trying to deny the chief of the Justice Department’s antitrust law for “bullying”

In the lawsuit, Facebook Chief Operating Officer Sheryl Sandberg alleges that he has negotiated a deal with Google CEO Sundar Pichai with the approval of Facebook CEO Mark Zuckerberg.

Sandberg reportedly called the deal a “strategic big deal.”

Russian court beats Google, meta with massive fines

Facebook CEO Mark Zuckerberg (AP Newsroom)

“Half a century of Google’s youth is a distant memory. More than 20 years ago, two college students founded a company that forever changed the way people search the Internet,” the proceedings read. “Since then, Google has expanded its business far beyond search, dropping the famous” Don’t Be Evil “motto. That business practice reflects that change. Google sought to kill the competition, as Google’s internal documents reveal. We aim to prevent Google from becoming an evil exclusive tactic, including an illegal agreement with Facebook, which is the biggest potential competitive threat to manipulating advertising auctions. “

South Korea’s antitrust authorities have fined Alphabet Inc’s Google 207 billion won ($ 176.64 million) for blocking a customized version of the Android operating system (OS). (AP Photo / Marcio Jose Sanchez, File)

A recently unedited lawsuit is also a secret that Google misleads publishers and advertisers about pricing and how to conduct ad auctions, reducing the revenue from certain advertisers while raising the prices of some buyers. Claims to have created the algorithm.

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In a statement to Fox News, Google said the proceedings were “full of inaccuracies and lacking legal benefits.”

The company also rejected accusations that Pincher was involved in the secret agreement, saying that “we sign hundreds of agreements each year that do not require CEO approval, and this was no exception.”

“Our advertising technology helps websites and apps fund content and enables small businesses to reach customers around the world,” Google added. “There is fierce competition in online advertising, reduced ad tech fees, and more options for publishers and advertisers. We will continue to fight this futile proceeding in court.”

Facebook, now known as Meta, is not a defendant in the proceedings, but has told Fox News that the deal with Google is similar to the deal with other bidding platforms.

“Meta’s non-exclusive bidding agreement with Google, as well as similar agreements with other bidding platforms, helped intensify the competition for advertising,” the statement said. “These business relationships allow Meta to offer more value to advertisers while rewarding publishers for better results for everyone.”

Sources

1/ https://Google.com/

2/ https://www.foxbusiness.com/politics/lawsuit-google-facebook-brokered-secret-deal-dominate-ad-market

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