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This summary by Jason Kint is pretty digestible: https://twitter.com/jason_kint/status/1451621332983103492 https://twitter.com/jason_kint/status/145162133298310

• dillondoyle 5y ago
  Ok. So basically if i'm reading that correctly? : - google is basically offering bid shading on both sides of the transaction. (RPO on pub side according to this tweet) - Both dynamically increasing floor to buy NyTimes.com based on the current likely bid - And for buyers increasing/decreasing bid to pay the best 2nd price auction clearing price which imho is the main problem that should be legislated; you can't own all sides of a transaction AND the pipes. instead of trying to convince a jury of some complicated insider trading monopoly confusing mess.