Facebook rejects regulator's recommendation for scrutiny in customer's news feed
Facebook rejecting proposal said users, not regulators, should decide what they see in their news feeds Facebook Inc has rejected an Australian regulator’s recommendation for greater scrutiny over the social network’s advertising market power and the ranking of news articles in customers’ feeds. “Creating a news ranking regulator for Facebook is not a proportionate regulatory solution that will be effective to address the longstanding monetization challenges facing some Australian publishers,” Facebook said. The ACCC had said the enormous market power of firms such as Google, which has a 94 percent share of web searches in Australia, and their opaque methods for ranking In its preliminary recommendations that are subject to change, the ACCC said the new regulator should have powers to investigate how the companies rank That was welcomed by NewsMediaWorks, a group representing Australian news publishers, which said that online platforms unfairly profit from distributing their stories. “The preliminary report’s near-exclusive focus on protecting certain publishers from disruption and competition is at odds with the ACCC’s mandate to promote competition,” Facebook said.
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