😂 , Google, a company with more lawyers, lobbyists, communications people and money than anyone made a clerical error and leaked out sensitive information about its alleged collusion and bid rigging. /1 https://www.wsj.com/articles/googles-secret-project-bernanke-revealed-in-texas-antitrust-case-11618097760
This is consistent with the antitrust charges in the complaint and now appears to be confirmed by Google in its *supposed to be* redacted filing. Hard to understand how it’s not trading on inside information. There is a nice illustration why it’s problematic in the complaint. /2
WSJ also reports that Google confirmed the existence of the deal with Facebook. Signed by Sandberg and including how the two companies would act if investigated. This matching of audiences appears to be new and seems like privacy circumvention to me. /3
last comment, this amuses me. I wonder if this is the UK ISBA study. It was super good but it also found over 10% of revenue couldn’t even be traced. It also showed Google participating, and of course maximizing profit, on the buying, selling and transacting. Insider trading. /4
Actually, one bitter comment. “Project Bernanke,” “Jedi Blue,” et al, these are all cute project code names but behind these hundreds of millions is enough $$$ to fund all of the journalists that lost their jobs in 2020.
So everyone should be infuriated. /5
This is the Google case if you need more background. Start with the WSJ report first and then dive into this thread. There are now 15 state Attorneys General signed on to it. And importantly it includes a section one charge that ties to Facebook, too. https://twitter.com/jason_kint/status/1339349312694837250
Here is the part of the last filing of the state AGs complaint with the allegations about Google's secret "Project Bernanke." You can see where it's redacted and send a Thank You card to Google's law firm (ht @matthewstoller) for exposing all of this.
You can follow @jason_kint.
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