|
|
|
Google, Facebook face greater scrutiny in Australia
|
|
|
|
Top Stories |
|
|
|
|
IANS | 10 Dec, 2018
Flagging lack of transparency around the algorithms that Google and
Facebook use to display ads and news, Australia's consumer watchdog has
said that the tech giants need to be monitored closely so that they do
not abuse their power.
The Australian Competition and Consumer
Commission (ACCC) has recommended a mechanism for monitoring how the
major tech companies rank and display ads and news content, News.com.au
reported on Monday.
The task for monitoring and reporting the
activities of the tech giants should be given to a new or existing
regulatory authority, the watchdog said, adding that these measures are
necessary to prevent the powerful companies from harming the country's
media and digital advertising industries.
In a report, the ACCC
argued that the dominance of platforms like Facebook and Google -- who
derive a vast majority of their revenue from advertising -- demands
increased regulatory oversight.
"Australian law does not
prohibit a business from possessing significant market power or using
its efficiencies or skills to 'out compete' its rivals," ACCC Chairman
Rod Sims was quoted as saying by News.com.au.
"But when their
dominant position is at risk of creating competitive or consumer harm,
governments should stay ahead of the game and act to protect consumers
and businesses through regulation," Sims added.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|