Wiser! Essay: Unsealed documents in the anti-trust lawsuit against Google has revealed a 2018 agreement with Facebook to collude to fix prices and unfair advantage to Facebook.
w/BigTech
The CEOs of Google and Facebook allegedly oversaw an illegal ad auction deal to give Facebook an unfair advantage
BackStory: Digital Advertising is a $350 billion global market. And it is dominated by two players: Alphabet/Google and MetaFacebook. Between them, they control over half the global spend on digital ads (Google 36% and MetaFB 27%). And it's growing. According to media buying firm GroupM, their domination will grow to three-quarters of the digital advertising spend by 2026.
