ACCC Boss Doubles Down On Plans To Regulate Facebook And Google

ACCC Boss Doubles Down On Plans To Regulate Facebook And Google
SHARE
THIS



Some three months after the ACCC handed down its Digital Platforms Inquiry, and the competition watchdog tsar Rod Sims is as keen as ever to further regulate tech giants Google and Facebook.

While both Google and Facebook have critiqued some of the 23 recommendations made by the ACCC in the 600-page report, Sims told an event in Perth yesterday the tech giants need to “take more responsibility” for problems associated with the platforms.

“They created the platform, they curate it, they guide the algorithms, they make a lot of money out of it,” Sims told the Committee for Economic Development of Australia lunch in Perth yesterday.

“They’ve got to take more responsibility.”

Pointing to the 19 million Australians using Google, the 17 million accessing Facebook and the 11 million on Instagram, Sims called into question the ‘data monetisation’ business model that has made these companies so successful.

He suggested that current laws are “out of date” to deal with the data and privacy concerns that come with such a business model and called for a “fundamental change” to who can collect data.

As well as bolstering data privacy laws, Sims also told The Sydney Morning Herald more needs to be done to prevent these platforms merging with smaller companies in an effort to thwart competition.

“The recommendation we have about making sure when you’re assessing whether there’s a substantial lessening of competition and therefore a potential breach of the merger laws that you take into account potential competition and you take into account data,” Sims said.

“I think there’s complete agreement on that.

“If Australia doesn’t act on that everybody else will be, so we’ll be left behind. [There’s] absolutely uniformity on that.”

Although both Facebook and Google have taken exception to aspects of the report, both platforms have made concerted efforts to improve the working relationship with the local media in recent times.

Google has recently updated its algorithms to promote original reporting, while Facebook has invested in creating content with local outlets exclusively for the platform.

But with news being an essential pillar of democracy, Sims was cautious of the role of these platforms in the news media due to “propensity for disinformation and misinformation”.

“The internet has improved the diversity of news but they are struggling and I think we lose a lot as a society if we don’t have a vibrant newspaper industry,” he said.

 

Please login with linkedin to comment

ACCC Facebook Google Rod Sims

Latest News

Aussie Shoe Brand TWOOBS Embraces Anti-Marketing In Push For More Consumer-conscious Shopping
  • Marketing

Aussie Shoe Brand TWOOBS Embraces Anti-Marketing In Push For More Consumer-conscious Shopping

After relaunching in September last year, TWOOBS has become a ‘kinda’ shoe brand by also focusing on making the world a ‘kinder’ place and creating more consumer-conscious shopping. The vegan shoe brand founded by sisters Jess and Stef Dadon changed its marketing approach last year and stopped using social media to push sales the old-fashioned […]

Visit Sunshine Coast Hires New Head Of Marketing
  • Marketing

Visit Sunshine Coast Hires New Head Of Marketing

Highly experienced tourism marketer Kelly Ryan has been appointed to lead the marketing efforts at Visit Sunshine Coast (VSC). During the past 12 years, Ryan has supported Canberra’s tourism industry in senior marketing roles, including as director of strategy and insights as well as director of marketing at VisitCanberra. Most recently, Ryan has been working […]

GHO Sydney And Family Planning NSW Launch ‘Planet Puberty’ Platform
  • Campaigns

GHO Sydney And Family Planning NSW Launch ‘Planet Puberty’ Platform

GHO Sydney has developed a new educational platform for Family Planning NSW to help parents and carers of children with disabilities navigate the changes to their bodies, emotions and social interactions. The project, ‘Planet Puberty’, was made possible through funding from the federal government’s Department of Social Services, and was co-designed with people with disability […]

JCDecaux Announces New Partnership With Bush Heritage Australia
  • Media

JCDecaux Announces New Partnership With Bush Heritage Australia

JCDecaux today announced conservation organisation, Bush Heritage Australia, as its major charity partner for 2021. The partnership is part of a series of ‘social impact’ initiatives the business is launching this year, under the banner of JCDecauxHEART. JCDecauxHEART focuses on three areas of social impact: health and mental health, environmental sustainability, and enriching urban communities. […]

Shameless Duo Michelle Andrews And Zara McDonald Launch New Podcast Exclusive To LiSTNR
  • Media

Shameless Duo Michelle Andrews And Zara McDonald Launch New Podcast Exclusive To LiSTNR

Shameless Media’s Michelle Andrews and Zara McDonald’s latest podcast, The Books That Changed My Life, will launch exclusively on LiSTNR on Tuesday, 15 June. Throughout the series Michelle and Zara will talk with guests including Kevin Kwan, Laura Henshaw, Jock Zonfrillo, Susan Carland, Hamish Blake and Delta Goodrem about the books that have had a profound impact […]

Business and technology concept.
  • Partner Content

Make Your CX Stand Out From The Competition

It's top tips to ensure your CX stands out from the competition. Then again, you could simply plagiarise their stuff.

Partner Content

by B&T Magazine

B&T Magazine
Why The Future of Work Is Hybrid
  • Opinion

Why The Future of Work Is Hybrid

This expert argues the future of work is hybrid. Which is sad news, as B&T'd preferred it was rhumba or the bossa nova.

Champion Launches Pride Campaign And Partnership With Queer Sporting Alliance
  • Advertising
  • Marketing

Champion Launches Pride Campaign And Partnership With Queer Sporting Alliance

In celebration of Pride Month, cult streetwear brand Champion has announced an Australia-and New Zealand-first Pride range, Champions of Pride, and ongoing partnership with the Queer Sporting Alliance. Championing a cause, celebrating community, and aiming to create real change, the capsule collection proudly heroes the Pride colours in a selection of signature Champion tees, iconic […]

UK Based BankiFi Expands To Australia
  • Marketing

UK Based BankiFi Expands To Australia

Following the successful deployment of BankiFi’s technology platform at The Co-operative Bank in the UK, BankiFi has appointed Lloyd Parata to lead their expansion into the Australian Financial Services market. BankiFi’s technology platform ensures banks remain relevant by offering SMEs an innovative solution to operate their business, whilst avoiding common challenges like late payment. Parata, […]

5 Gum Announces New Twitch Partnership
  • Media

5 Gum Announces New Twitch Partnership

Mars Wrigley 5 Gum has partnered with Twitch to launch Team CLUTCH, a team of Twitch streamers who will assemble on for three live squad streams tackling popular games like Fortnite while embodying the brand’s ethos of ‘life happens in 5’. This partnership builds on 5 Gum’s 2020 Twitch activation, and is set to create […]