Australia framing regulatory code of conduct between media outlets and digital platforms, sees revenue sharings from Facebook and Google

On Monday, Australia’s Treasurer Josh Frydenberg disclosed, Canberra will force online giants including Alphabet Inc’s Google and Facebook Inc to share advertising revenue with local media firms. Australia is set to become one of the firts countries to require digital platforms to pay for content that they use. The development comes in the wake of…

French competition authority levies $167M fine on Google

France’s competition watchdog has levied a fine of $167 million on Google citing Google’s non-transparent advertising rules and the fact that it changes them at will. Google is facing a growing number of investigations into its advertisement business practices, on both sides of the Atlantic. The ruling is the first penalty by the French authorities…