Tag Archives: Australian

CANBERRA, Australia (AP) — A Google executive said Friday that a proposed Australian law to make digital platforms pay for news was unworkable, and its proposed arbitration model was biased toward media businesses. Google Australia and New Zealand Managing Director Mel Silva made her first public comments on the details of the proposed legislation since it was introduced to Parliament last week. The so-called News Media and Digital Platforms Mandatory Bargaining Code would force Google and… Source link

Benzinga Watch Out, Elon Musk. These EV Startups Are Trying To Take On Tesla With a $145.9 billion fortune at press time Elon Musk, the founder of the electric car manufacturer Tesla Inc (NASDAQ: TSLA), has added more than $100 billion to his net worth since January 2020. Tesla’s shares have been going up, beating every analyst’s expectations and common sense, while its market capitalization reached $600 billion on Dec. 7. The company is aiming to sell 500,000 battery-powered vehicles by the… Source link

Google has rejected a bargaining code designed to force it and other tech groups to pay publishers for news they use on their websites, even though it has already been watered down after a fierce lobbying campaign by the search giant. In a post to Google’s official blog, the company’s Australian boss, Mel Silva, said the proposed code would “fundamentally break how search engines work”, complained it would involve giving news publishers special treatment and slammed the “final… Source link

Australia’s mandatory news code no longer excludes the ABC and SBS from receiving payments from Google and Facebook for using their content. The addition of the public broadcasters is one of the significant changes treasurer Josh Frydenberg has made to the draft mandatory news code before it is tabled in parliament by 10 December. Labor, the Greens and several crossbenchers suggested the ABC and SBS should be added to the ranks of Australian news publishers to benefit from the code, in the… Source link

Google, Facebook and YouTube have increased their already substantial share of the digital advertising pie in Australia, leaving less than 20% for news and other websites, according to a new report from the competition regulator. The Australian Competition and Consumer Commission report was released on Friday as the government puts the final touches on its legislation to force the digital platforms to share revenue with Australian media companies. The platforms may be forced to pay hundreds of… Source link

Google, Facebook and other digital platforms could be forced to pay hundreds of millions of dollars in fines if they fail to comply with a news media bargaining code released by Australia’s competition regulator on Friday. The Australian Competition and Consumer Commission was asked to develop the mandatory code in April by the treasurer, Josh Frydenberg, after negotiations between the digital platforms, the ACCC and media companies stalled, and media companies experienced a sharp fall in… Source link

FOX Business’ Hillary Vaughn reports on the Justice Department’s expected antitrust lawsuit targeting big tech this summer. Then, Cresset Wealth Management’s Jack Ablin weighs in on how potentially breaking up big tech would affect markets. CANBERRA, Australia — Australia’s consumer watchdog launched court action against Google on Monday alleging the technology giant misled account holders about its use of their personal data. The Australian Competition and Consumer Commission’s… Source link

CANBERRA, Australia (AP) — Australia’s consumer watchdog has launched court action against Google alleging the technology giant misled account holders about its use of their personal data. The Australian Competition and Consumer Commission alleges the California-based company misled millions of Australians to obtain their consent and expand the scope of personal information that Google collects about users’ internet… Source link

CANBERRA, Australia — Australia’s consumer watchdog launched court action against Google on Monday alleging the technology giant misled account holders about its use of their personal data. The Australian Competition and Consumer Commission’s action in the Federal Court is the latest litigation Google has faced around the world over allegations of privacy breaches. The commission alleges the California-based company misled millions of Australians to obtain their consent and expand the… Source link

FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/File Photo (Reuters) – Australia’s competition regulator has launched court proceedings against Alphabet’s Google for allegedly misleading consumers about the expanded use of personal data for targeted advertising. The case by the Australian Competition and Consumer Commission (ACCC) in Federal Court said Google did not explicitly get consent nor properly inform consumers about a… Source link