FACEBOOK AND GOOGLE’S PARTNERSHIP AGAINST POTENTIAL ANTITRUST ACTION

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The Wall Street Journal Reported that Facebook and Google shook hands to help each other against potential antitrust action

Facebook Inc. and Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a law suit filed by 10 states against Google Last week.

According to the reports by The Wall Street 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.

Please read the full article here below.

https://www.wsj.com/articles/google-facebook-agreed-to-team-up-against-possible-antitrust-action-draft-lawsuit-says-11608612219