Tech giants Google and Facebook are being challenged by traditional Australian media companies, which are demanding some of the huge advertising revenue these companies earn. And, in the United States, the Department of Justice is suing Google over its monopoly power. A discussion on the pros and cons of regulating the tech giants.
Around the world, the tech giants such as Google and Facebook are being challenged by traditional media and governments. This episode considers the pros and cons of a new proposal in Australia to improve the bargaining position of traditional media companies relative to the tech giants. Economics Explored host Gene Tunny discusses the issues with his Adept Economics colleagues Taylor-Rose Hull and Ben Scott.
The discussion is based on the following article:
Australian Government takes on digital giants Google and Facebook
Links relevant to the conversation include:
US justice department sues Google over accusation of illegal monopoly
United States v. Microsoft Corp.
ACCC Draft news media bargaining code