LOOKING FOR COLLUSION? TRY GOOGLE AND FACEBOOK

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Another week, another revelation of mega corporations engaging in illegal practices to hurt consumers and undercut competition.

This time the news is about two of the largest current controllers of online advertising, Google and Facebook (now Meta), conspiring together to swallow the pie and keep challengers out.

Specifically, according to newly revealed papers of a state antitrust  complaint, the companies worked together to distort internet advertising sales, and CEOs at both firms were aware of the agreement and approved it.

The agreement reportedly set prices on advertising to avoid bidding wars between the two online ad giants.

The case was filed in December 2021, led by Texas Attorney General Ken Paxton and was joined by the attorneys general of Alaska, Arkansas, Florida, Idaho, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nevada, North Dakota, Puerto Rico, South Carolina, South Dakota and Utah.

But new unredacted versions of case documents, reported on by the AP, The Guardian, and other outlets, contains more detailed information on Alphabet CEO Sundar Pichai and Facebook CEO Mark Zuckerberg's roles in the deal's approval.

In a 2018 email exchange discussing the deal, Facebook's chief operating officer, Sheryl Sandberg, was "clear that 'this is a huge deal strategically,'" according to the complaint. 

The complaint claims that once the two parties worked out the parameters of the agreement, "the team wrote an email addressed directly to CEO" Zuckerberg.

“We’re nearly ready to sign and need your approval to move forward,” the email read, according to the complaint. Zuckerberg wanted to meet with Sandberg and his other executives before making a decision, the complaint states.

Google even used a secret code name, "Jedi Blue," to refer to the 2018 agreement internally.

Unsurprisingly, spokespeople for both companies are denying wrongdoing. One even spun the agreement as an effort to increase “fairness” to advertisers.

“These business relationships enable Meta to deliver more value to advertisers while fairly compensating publishers, resulting in better outcomes for all,” Meta’s Chris Sgro asserted.

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2 Comments
  1. harlow53 6 months ago

    When the politicians can reap great financial income from knowledge of these types of anti-competitive agreements between big tech companies, it is no wonder that competitors are supported in their pursuit of.their own financial gains at the expense of the little guys! I point to the fact the Speaker of the House and Senators use their inside information to create legislation and aid to the big tech guys so a little collusion.and corruption is the name of the game!!!

  2. […] “LOOKING FOR COLLUSION? TRY GOOGLE AND FACEBOOK” […]

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