Aussie watchdog readies regulations targeting tech titans
The Australian Competition and Consumer Commission, in a 328-page preliminary report issued last December, warns about the 'substantial' market power wielded by the likes of Google and Facebook, and notably, the 'lack of transparency' in their operations. – EPA pic, June 23, 2019.
AUSTRALIA’S competition watchdog is poised to call for far-reaching new regulations on Facebook, Google and other tech giants, which could have global ramifications for how they make money and choose the content people consume. The Australian Competition and Consumer Commission’s recommendations, if confirmed, would be among the strongest yet in a drive to rein in the power of digital behemoths amid a host of worldwide concerns, ranging from anti-trust issues to privacy abuse, and their role in spreading disinformation and hateful content.
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