Australia’s competition watchdog is poised to call for far-reaching new regulations on Facebook, Google and other tech giants which could have global ramifications for how they make money and choose the content people consume.
The Australian Competition and Consumer Commission’s recommendations, if confirmed, would be among the strongest yet in a drive to rein in the power of digital behemoths amid a host of worldwide concerns ranging from anti-trust issues to privacy abuse, and their role in spreading disinformation and hateful content.
Following an 18-month inquiry into the power of digital platforms, the ACCC is due to issue its final report by June 30.
It is expected to include proposals for sweeping controls over tech companies’ handling of personal data and their use of “opaque” algorithms to rank how they display advertisements, search results and content.
In a 328-page preliminary report issued in December, the ACCC had raised alarm over the “substantial” market power wielded by the likes of Google and Facebook, and notably the “lack of transparency” in their operations.
“We are at a critical point in considering the impact of digital platforms on society,” said the report, initiated by the conservative government at the behest of Australia’s main media organisations.
The report focused particular attention on the huge impact Google and Facebook have had on Australia’s news industry, with the number of newspaper and online journalists falling more than 20 percent since 2014 as digital advertising revenues were overwhelmingly captured by the two tech titans.
“While the ACCC recognises their significant benefits to consumers and businesses, there are important questions to be asked about the role the global digital platforms play in the supply of news and journalism in Australia,” it said.