Tag Archives: Facebook

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

The UK competition regulator has told the government to set up a digital regulator within a year or his agency will take action against Facebook and Google. Andrea Coscelli, chief executive of the Competition and Markets Authority, told the Financial Times he was preparing to mount investigations into the two internet giants if the government did not act fast enough to curb their powers. In his clearest statement of intent yet, Mr Coscelli said the watchdog would give the… Source link

A publicly-funded social network run by the ABC has been proposed as one possible response if Facebook and Google limit services in Australia when the mandatory news code becomes law this year. Facebook has warned it will block Australians from sharing news if the landmark plan to make digital platforms pay for news content becomes law. Google has been running a public campaign against the code and launched an international campaign targeting YouTube users when the government announced it… Source link

Facebook (FB) recently announced that it would be banning advertisements that discourage vaccines and banning content related to rabid QAnon conspiracy theories. But according to Imran Ahmed, the CEO of the Center for Countering Digital Hate, it’s too little too late — especially considering that the platform won’t touch existing anti-vaccine posts. “Facebook, they are the 800-pound gorilla in the misinformation market,” Ahmed said on Yahoo Finance’s The First Trade (video above)…. Source link

Australia is closing in on a legally binding framework to force adtech giants Facebook and Google pay media companies for monetizing their news content when it’s posted to their social media platforms or otherwise aggregated and monetized. Back in April the country’s government announced it would adopt a mandatory code requiring the tech giants to share ad revenue with media business after an attempt to negotiate a voluntary arrangement with the companies failed to make… Source link

Facebook and Google logos Peter Foley/Bloomberg | Getty Images Google and Facebook could be forced to pay Australian news publishers to distribute their content, in a landmark regulatory move from the country’s competition regulator. The Australia Competition and Consumer Commission was tasked by the government earlier this year with developing a mandatory code for the tech giants to pay for their use of news content. If approved, a draft code announced by the ACCC Friday would allow Australian… Source link

Regulators on Friday released draft legislation that would let news publishers in the country negotiate compensation with the two tech companies for sharing or displaying their stories. It would allow certain media outlets to bargain either individually or collectively with Facebook and Google — and to enter arbitration if the parties can’t reach an agreement within three months, according to the Australian Competition and Consumer Commission (ACCC), which put out the proposed legislation…. Source link

Wednesday’s antitrust hearing before Congress made tech giants like Google-parent Alphabet, Inc. and Facebook seem like they’ve rigged the deck. But Thursday’s second quarter reports from both companies made the ad game look a little more fair. Google may be a search monopoly, but its exposure to hard-hit sectors like travel seems to be hurting it at the moment. The company reported the first on-year decline in advertising revenue in its history. Meanwhile Facebook said its own… Source link

Media companies in Australia will be able to seek payment from Facebook Inc. and Alphabet Inc.’s Google for news articles that are posted on their platforms, according to new rules, which could set a precedent for other countries seeking to compel tech giants to compensate local publishers. The new rules, which need to be passed by Australia’s Parliament, would require digital platforms to take part in negotiations with media companies over payment, Australia’s competition… Source link

CANBERRA, Australia — The Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news content. The government has released a draft mandatory code of conduct that aims to succeed where other countries have failed in making the global digital giants pay for news siphoned from commercial media companies. Treasurer Josh Frydenberg said Facebook FB, +0.51% … Source link