Australia to develop code of conduct for likes of Facebook and Google

Read Full Article At The Original Source

Australia said on Thursday its competition regulator will develop a voluntary code of conduct governing bargaining power concerns between digital platforms and media businesses. In July, Australia said it would create the world’s first dedicated office within an antitrust regulator to police Facebook Inc and Google. Extending the reach of the Australian Competition Consumer Commission (ACCC), the country’s government said it will task the regulator will developing guidelines to ensure substantial market power is not used to lessen competition in media and advertising services markets.

Share:

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com