On Thursday the federal government responded to the recommendations of the Australian Competition and Consumer Commission’s (ACCC) “world-leading” Digital Platforms Inquiry. The response, however, is a less-than world-leading roadmap for reform. Few dispute the ACCC’s inquiry was ground breaking, as it held to account tech giants including Google and Facebook, and the power they wield… Read more »
Image: Jurassic World, Universal Pictures/Amblin Entertainment The Morrison government’s response to the ACCC’s concerns about the market power of Google and Facebook include $27m to the competition watchdog to boost monitoring and enforcement against the tech giants A voluntary code of practice, overseen by the ACCC, to address bargaining power imbalances between the tech companies… Read more »
StartupAus CEO Alex McCauley. Photo: supplied StartupAUS is concerned about the damage last week’s ACCC report into digital platforms could cause to the startup sector if the competition watchdog’s views on mergers and acquisitions are implemented. The landmark inquiry and its 620-page report, which focused in part on the power of Facebook and Google, raised concerns… Read more »
Google and Facebook perform a “critical role” in enabling businesses to reach consumers, however the way their algorithms work to order content is unclear, according to the ACCC.