Google, Facebook Face Australia Crackdown on Market Power
- Competition watchdog releases final report into media giants
- Government to announce response to inquiry by end of the year
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Google and Facebook Inc. are facing a regulatory crackdown in Australia to rein in their market dominance, adding to a barrage of global action against the technology giants.
A final report from Australia’s competition watchdog released on Friday called for greater anti-trust scrutiny of the dominant U.S. tech companies, recommending penalties and deterrents be imposed for inappropriate storage and use of personal data and breaches of consumer and competition laws.