Google, Facebook agree to team up against possible antitrust action

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

Richard Bord | Getty Images

According to a Wall Street Journal report on Tuesday, Google and Facebook promised to help each other if they ever faced an investigation into their agreement to work together in online advertising.

The story is based on an unreliable version of a lawsuit filed last week against Google by 10 US states that was seen by the Journal.

Google and Facebook reportedly signed 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, according to the journal, they used it themselves.

The lawsuit allegedly stated that Google and Facebook knew their deal could lead to an antitrust investigation.

A Google spokesperson told CNBC that the claims made in the lawsuit were false. “The idea that it was a secret deal is just wrong. We have been making public about this partnership for years,” he said.

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

Read the full story of the journal here.


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