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    Do government deficits matter? | Fortune

    Do government deficits matter? | Fortune

    Australia sweltered through its 4th-hottest year in 2020

    Argentina’s abortion law enters force under watchful eyes

    We’re running out of lithium for batteries – can we use salt instead?

    We’re running out of lithium for batteries – can we use salt instead?

    Top Iran leader’s website posts Trump image apparently targeted by drone and vows revenge

    Top Iran leader’s website posts Trump image apparently targeted by drone and vows revenge

    Australia sweltered through its 4th-hottest year in 2020

    Year after lockdown, Wuhan dissident more isolated than ever

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    Rep. Scott Perry Unmasked As Key Accomplice In Trump Election Subversion Plot

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    ‘Bridgerton’ is an addictive reimagining of Jane Austen-style romance – TechCrunch

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    A look at the current state of industrial and service robotics, a century after the Czech play "R.U.R." introduced the word "robot" to the English language (Christopher Mims/Wall Street Journal)

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    Work trips are making a $5 billion comeback – TechCrunch

    Philips acquired Capsule Technologies, a provider of data platforms to connect all medical devices and record systems within a hospital, for $635M in cash (Conor Hale/FierceBiotech)

    Philips acquired Capsule Technologies, a provider of data platforms to connect all medical devices and record systems within a hospital, for $635M in cash (Conor Hale/FierceBiotech)

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    How VCs and founders see 2021 differently – TechCrunch

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Google, Facebook agreed to team up against potential antitrust action

December 22, 2020
in Business

Facebook Chief Operating Officer Sheryl Sandberg speaks on stage during Facebook session at the Cannes Lions 2019 : Day Three on June 19, 2019 in Cannes, France.

Richard Bord | Getty Images

Google and Facebook pledged to help one another if they ever faced an investigation into their pact to work together in online advertising, according to a report from The Wall Street Journal on Tuesday.

The story is based on an unredacted version of a lawsuit filed by 10 U.S. states against Google last week that was seen by the 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.

A Google spokesperson told CNBC that the claims made in the lawsuit were inaccurate. “The idea that this was a secret deal is just wrong. We’ve been public about this partnership for years,” they said.

Facebook did not immediately respond to CNBC’s request for comment.

Read The Journal’s full story here.

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