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Facebook, Google colluded to weaken ad competition: US antitrust lawsuit
short by Rishabh Bhatnagar / on Thursday, 17 December, 2020
An antitrust lawsuit by Texas and nine other states alleged that Google and Facebook, two of the biggest players in online advertising, consolidated their power and weakened competition through collusion. "Facebook decided to dangle the threat of competition in Google's face and then cut a deal to manipulate the auction," it said. High-ranking company officials approved the deal, it said.
read more at Reuters