Australian competition watchdog warns Google, Facebook laws are just the start
By Jane Wardell
SYDNEY (Reuters) – Australia’s competition regulator has warned that deliberate laws to make the nation the first in the world to drive Google and Facebook to pay for data content material materials had been potential just the start of additional regulation for digital platforms.
The Australian authorities launched laws last month after an investigation it acknowledged confirmed the tech giants held an extreme quantity of market power in the media enterprise, a state of affairs it acknowledged posed a potential menace to a well-functioning democracy.
Under the code, Google and Facebook could be subject to compulsory value arbitration if a industrial settlement on payment for Australian media cannot be reached.
“This bargaining code is a journey, if we see market power elsewhere, we’ll add them to the code,” Australian Competition …
