To start us off with the Google/Alphabet news that may not be worth its own thread itself...
Details of court filings that are part of an ongoing anti-trust case against Google in the Texas Courts were apparently incompletely redacted before release and subsequently acquired by the Wall Street Journal.
Apparently the allegation is that Google was engaged in a variation of 'insider trading' within its own platforms/ad business that allowed it to beat out its competitors... who pay Google for advertising on Google and its platforms and racking in potentially hundreds of millions of dollars annually as a result of this unfair market advantage.
Also detailed in the lawsuit are allegations of a secret deal with Facebook where that company was guaranteed to win a fixed percentage of advertising deals that would be bid on via auction in exchange for a guaranteed price of a half billion dollars.
This Texas Antitrust suit is only one of three antitrust suits Google is currently facing in court.
Details of court filings that are part of an ongoing anti-trust case against Google in the Texas Courts were apparently incompletely redacted before release and subsequently acquired by the Wall Street Journal.
New York Post said:The company operates simultaneously as the operator of a major ad exchange, a representative of both buyers and sellers on the exchange — and a buyer in its own right, according to the suit.
By using Project Bernanke’s inside information on what other ad buyers were willing to pay for space, Google could tailor its operations to beat out rivals and bid the bare minimum to secure ad inventory, the state reportedly alleges.
Apparently the allegation is that Google was engaged in a variation of 'insider trading' within its own platforms/ad business that allowed it to beat out its competitors... who pay Google for advertising on Google and its platforms and racking in potentially hundreds of millions of dollars annually as a result of this unfair market advantage.
Google’s ‘Project Bernanke’ gave titan unfair ad-buying edge, lawsuit claims
Google has utilized a secret program to track bids on its ad-buying platform — and has been accused of using the information to gain an unfair market advantage that raked in hundreds of milli…
nypost.com
Also detailed in the lawsuit are allegations of a secret deal with Facebook where that company was guaranteed to win a fixed percentage of advertising deals that would be bid on via auction in exchange for a guaranteed price of a half billion dollars.
This Texas Antitrust suit is only one of three antitrust suits Google is currently facing in court.