Google and Facebook will face greater regulation in Australia following a report by the Australian Competition and Consumer Commission (ACCC).
The preliminary report by the nation’s competition watchdog raised concerns about the market power of the two media and technology giants including the companies impact on Australian businesses, particularly, their ability to monetise content. It also outlined concerns about the extent that consumers data is collected and used by companies to target advertising.
To address these concerns the report proposes a number of recommendations including a “new or existing regulatory authority be given the task of Read full story ›
Source: The Drum
Industry News