bill: newly reviewed allegations accusing google and facebook of working together to rig ad sales. the texas attorney general ken paxton leading a dozen other state attorneys general in a lawsuit against the tech giants. see whether or not they get anywhere. jackie deangelis is live in new york city with more on this. good morning. these two tech giants are back in the headlines again and this new complaint alleges that alphabet and facebook worked together to rig the advertising market. remember, ad revenue is the butter to these company s bread if you will. the new complaint says the facebook ceo and google signed an agreement that allegedly guaranteed facebook would get in and win a certain amount of ad auctions. the suit is led by ken paxton joined by more than a dozen
fox business correspondent is live with more. this might be a little difficult for the average person to understand, lay it out for us. break it down simple. good afternoon to you. this is an ongoing lawsuit and led by texas attorney general ken paxton, joined by more than a dozen state attorneys general. but this new complaint alleges essentially that alphabet, that s google, right, and meta subsidiary facebook essentially worked together to rig the advertising market. remember that ad revenues are essentially the butter to these company s bread, if you will. it points fingers at them saying they coordinated and signed an agreement in 2018 that allegedly guaranteed that facebook would bid in and then win a certain amount of ad auctions. google spokesperson said the complaint is full of inaccuracies and lacks legal merit. a meta spokesperson said this,
most above irished and under developments regions. new year bringing new pressure on big tech. allegations against google and facebook. companies collaborated to illegally control online advertising. fox business correspondent jackie deangelis is in new york with details. a new complaint in an ongoing lawsuit alleges that facebook, a subsidiary of meta and alphabet, the parent of google, essentially worked together to rig the advertising market. the suit brought by texas attorney general ken packs and joined by more than a dozen states, says that google s ceo pia and mark rushingberg would bid on and win a certain amount of ad auctions. newly redacted details google mislead publishers and advertisers for years about its ad auction pricing and process. that the company created secret
advertising. jackie has details. a new complaint to an ongoing lawsuit alleges that facebook, a subsidiary of alphabet, a parent of google, essentially worked together to rate the advertising market. the suit brought by did texas attorney general and joined by more than a dozen states says that google ceo and meta- ceo made a deal in 2018 that allegedly guaranteed facebook would bet on and win a certain amount of ad auctions. and newly unredacted detail shed light on allegations that google misled publishers and advertisers for use about its process and that the company created secret programs that deflated sales for some companies but increasing prices for buyers. google allegedly pocketed the difference between what it told