Google and Facebook to push hard against proposal for regulatory body
Google and Facebook are expected to push back hard against proposals to set up a new authority that would monitor how they use their market power and the operation of algorithms that drive the placement of news and advertising content on their sites.
Publicly, the two digital multinationals say they are studying the nearly 400-page report released by the Australian Competition and Consumer Commission on Monday.
“We develop innovative products to the benefit of consumers, businesses and the economy, and we work closely with advertisers and publishers across Australia. We will continue to engage with the ACCC between now and the final report next year, said Google in a statement.
But behind the scenes there is consternation about the ACCC’s proposal to set up a new regulatory body which would have the specific job of monitoring large digital platforms…
https://www.theguardian.com/technology/2018/dec/14/google-and-facebook-to-push-hard-against-proposal-for-regulatory-body?utm_term=Autofeed&CMP=twt_b-gdnnews&utm_medium=Social&utm_source=Twitter#Echobox=1544804964