Facebook and Google CEOs Mark Zuckerberg and Sundar Pichai signed off on a deal between the two companies to rig the digital advertising market, a recently unredacted lawsuit alleges.
The existence of the deal, dubbed Jedi Blue, was first revealed in a complaint filed by Republican Texas Attorney General Ken Paxton in December 2020 which alleged that Google unlawfully abused its dominance in the digital ads market. The complaint alleged that Google struck a deal with Facebook in 2018 to give the social company secret advantages in its ad exchanges, known as Open Bidding auctions, to the detriment of competitors.
An unredacted version of the complaint filed Friday alleges that Facebook CEO Mark Zuckerberg personally signed off on the deal. The complaint alleges Facebook chief operating officer Sheryl Sandberg brokered the deal with top Google executive Philipp Schindler and pushed Zuckerberg to approve. Read More
The founder of CloutHub, a free speech social media network, has responded to former President Donald J. Trump’s class action lawsuit against several Silicon Valley titans, which the forty-fifth president announced Wednesday.
“I am pleased that President Trump is fighting back against Big Tech corporations after enduring months of blatant injustices,” Jeff Brain said in press release. “His lawsuit is based on the infringement of his fundamental free speech rights that powerful companies such as Facebook and Twitter imposed based on their own political bias; a bias that has no place with such important keepers of our national public square online.” Read More
Facebook CEO Mark Zuckerberg was the only tech executive at Wednesday’s antitrust hearing who unequivocally said China is stealing technology from American companies.
“I think it’s well documented that the Chinese government steals technology from American companies,” the 36-year-old Silicon Valley executive said after Rep. Greg Steube asked him if China is stealing from U.S. technology companies. The Florida Republican posed the same question to CEOs Tim Cook of Apple, Jeff Bezos of Amazon, and Sundar Pichai of Google. Read More
They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individual; another is the fourth-ranked billionaire. Their industry has transformed society, linked people around the globe, mined and commercialized users’ personal data, and infuriated critics on both the left and right over speech. Read More