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Google, Facebook face Australian crackdown over market power
Google and Facebook Inc. face a regulatory crackdown in Australia after the nation’s competition watchdog joined a chorus of international criticism over their use of data and the market power they wield across news and advertising.
In a preliminary report released Monday, the Australian Competition and Consumer Commission said a new or existing watchdog should investigate and monitor how large digital platforms rank and display adverts and news. [Bloomberg]
Google and Facebook Inc. face a regulatory crackdown in Australia after the nation’s competition watchdog joined a chorus of international criticism over their use of data and the market power they wield across news and advertising.
In a preliminary report released Monday, the Australian Competition and Consumer Commission said a new or existing watchdog should investigate and monitor how large digital platforms rank and display adverts and news. [Bloomberg]