Explained: How Australia plans to curb Google and Facebook’s market power | Explained News, The Indian Express

Explained: How Australia plans to curb Google and Facebook’s market power | Explained News, The Indian Express

By Reuters |Sydney |Updated: July 27, 2019 3:04:12 pm

Explained: How Australia plans to curb Google and Facebook’s market power

The Australian Competition and Consumer Commission has found that Google and Facebook hold enormous power in the country's online advertising and news distribution markets.

The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. (Reuters Photo: Hannah McKay)

The Australian Competition and Consumer Commission has found, after an 18-month investigation, that Google and Facebook hold enormous power in the country’s online advertising and news distribution markets, and that antitrust and privacy laws have not caught up to the real world.