KONTAN.CO.ID - SYDNEY. Australia will publish on Friday recommendations to limit the power of Facebook Inc and Google, potentially setting a precedent for global lawmakers grappling with the U.S. technology giants' dominance of online news and advertising. The Australian Competition and Consumer Commission's (ACCC) report is likely to recommend tougher scrutiny and what could be the world's first regulatory body specifically dedicated to policing the market power of the dominant online platforms. The report will be closely watched by regulatory agencies around the world as governments scramble to adjust laws to accommodate the rapid growth of companies that hold huge sway over the advertising, retail, financial services and media industries.
Australia to set out proposals to rein in Facebook, Google
KONTAN.CO.ID - SYDNEY. Australia will publish on Friday recommendations to limit the power of Facebook Inc and Google, potentially setting a precedent for global lawmakers grappling with the U.S. technology giants' dominance of online news and advertising. The Australian Competition and Consumer Commission's (ACCC) report is likely to recommend tougher scrutiny and what could be the world's first regulatory body specifically dedicated to policing the market power of the dominant online platforms. The report will be closely watched by regulatory agencies around the world as governments scramble to adjust laws to accommodate the rapid growth of companies that hold huge sway over the advertising, retail, financial services and media industries.