Australian watchdog wants a regulator for dominant Google, Facebook
Posted in: Government & Policy at 11/12/2018 20:55
Australia’s competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc’s Google in the country’s online advertising and news markets.
The recommendation, in a preliminary report on the U.S. firms’ market power, is being closely watched around the world as lawmakers wrestle with the powerful tech firms’ large and growing influence in public life, from privacy to publishing.
ACCC wants to curb digital platform power – but enforcement is tricky
We need new laws to monitor and curb the power wielded by Google, Facebook and other powerful digital platforms, according to the Australian Competition and Consumer Commission (ACCC).
The Preliminary Report on the Digital Platforms Inquiry found major changes to privacy and consumer protection laws are needed, along with alterations to merger law, and a regulator to investigate the operation of the companies’ algorithms.
Getting the enforcement right will be key to the success of these proposed changes.