In a report to Australia's competition watchdog, News Corp said Google wields 'overwhelming market power,' calling it the 'most important gateway to the internet' and a vital place for digital advertisements.
div > div.group > p:first-child"> In a report submitted to the country's competition watchdog, the media group's Australian unit wrote the U.S. tech giant wields"overwhelming market power," calling it the"most important gateway to the internet" and a vital platform for digital advertisements.
Among a list of recommendations News Corp proposed to the competition watchdog for tackling the"harm" caused by digital platforms, it said Google should be made to sell off a part of its business. Even if the government in Canberra were to take News Corp's suggestion, it was not immediately clear how Australia could force the American tech giant to break up.Late last year, the Australian watchdog issued a preliminary report identifying concerns about the way digital platforms favor their own businesses. While the agency recommended greater scrutiny and regulatory oversight for how tech companies handle personal data and advertising services, it stopped short of suggesting divestment.
"The Preliminary Report bases many of its recommendations on the mistaken premise that Google has market power in search, search advertising, and news media referrals," the tech giant said, claiming that it faces"fierce competition."
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