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Stock impact report

Facebook and Google could face crackdown in Australia [CNBC]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: CNBC
Facebook and Google could face crackdown in Australia An Australian government review has suggested implementing a series of tough measures to curb the influence of U.S. tech giants. Establishing a watchdog dedicated to regulating how Google and Facebook publish news, and preventing Google Chrome from being installed as the go-to browser on Australian devices, were among recommendations published by the Australian Competition and Consumer Commission (ACCC) on Monday. The ACCC expressed concern in its report that tech giants were damaging Australia's traditional media outlets, as well as creating "filter bubbles" and giving credibility to less reliable news sources. "Filter bubble" is a term referring to the intellectual isolation arising from personalised news feeds which are generated by algorithms that guess which information a user wants to see based on their personal data. "Without adequate information and with limited choice, consumers are unable to make informed decisions, which Show less Read more
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