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Google, Intel Collusion In Facebook Inc Hiring Plot Revealed

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Mark Melin
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Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) founders Sergey Brin and Larry Page were encouraged by Intel Corporation (NASDAQ:INTC) CEO Paul Otellini and well-known Silicon Valley venture capitalist John Doerr to directly recruit Facebook employees.  Facebook Inc (NASDAQ:FB) did not participate in a pact with a group of major tech titans in an alleged illegal agreement not to hire the workers.

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The now unsealed court documents posted Friday “dramatize how Facebook disrupted a chummy network among tech giants,” the Wall Street Journal is reporting.

$324 million settlement between Google, Intel and Facebook

The documents were posted by U.S. District Judge Lucy Koh, who is questioning the fairness of a $324 million...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.