Australian government releases a report recommending more regulation on the market power of multinational digital platforms including Google and Facebook.
Australian Treasurer Josh Frydenberg speaks to the media during a press conference in Sydney, Friday, July 26, 2019. The Australian government released report that recommends more regulation on the market power of multinational digital platforms including Google and Facebook that would ensure fair deals for other media businesses and more control for individuals over how their data is used.
Treasurer Josh Frydenberg agreed that regulations need to be strengthened. The government will respond by the year’s end after three months of consultations on the 600-page report’s 23 recommendations. “Whether it be print, radio or television, content generated by journalists and owned by media companies is being displayed on social media and search engines, often without a negotiated agreement covering how data and content is monetized and shared,” Frydenberg said.
The report found that more than 98% of online searches on mobile devices in Australia are with Google. Among Australia’s population of 25 million, Facebook has 17 million users who use it on average 30 minutes a day.
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