UK review calls for regulation to address Facebook, Google adtech dominance
10 July 2020 00:00
Duration: 16:47
There’s no denying that tech giants Facebook and Google dominate the markets for online advertising, or adtech. The social media and search platforms argue that there’s nothing anticompetitive about this fact and the tailor-made connection between consumers and the products they want to buy amounts to a win-win. Yet a new report by the UK’s competition regulator has raised serious concerns about the platforms’ large market share and has raised the prospect of tough new regulation – even the breaking up of Big Tech businesses – to counter this unprecedented market power. If the recommendations are embraced by government they could have a serious impact on the platforms’ business model.
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Contributors
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Simon Zekaria Senior Correspondent
Simon Zekaria is a senior correspondent in London, covering UK regulation. Prior to joining MLex, Simon reported on business news for The Wall Street Journal, including on telecommunications, media, technology and consumer affairs. Simon was also a writer for the WSJ on diverse subjects such as Brexit, UK politics and global sport. Simon was previously a correspondent on competition issues and European politics for Thomson Reuters and Agence France-Presse in Brussels. Simon is a graduate... Read more