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South Africa to probe Meta, Google competition with news publishers
Economic Times
·
1y ago
Medial
South Africa's Competition Commission will be conducting an investigation into the competition between Meta (formerly Facebook) and Google in relation to their dealings with news publishers. The aim of the probe is to determine whether Meta and Google's agreements with news publishers are anti-competitive and if they have caused harm to smaller publishers and consumers.
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Related News
CCI Orders Probe Into Google’s User Choice Billing System
Inc42
·
1y ago
Medial
The Competition Commission of India (CCI) has ordered an investigation into Google's user choice billing system, following a recent standoff between Indian app publishers and the tech giant. The CCI found Google to be in violation of various sections of the competition law. The CCI's director general has been instructed to conduct the investigation and submit a detailed report within two months. The investigation will focus on whether Google's billing system hampers competition in the market.
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Google’s first Africa cloud region now operational
TechCrunch
·
1y ago
Medial
Google's first cloud region in Africa, located in Johannesburg, is now operational. The region will provide businesses with resources to scale, innovate, and compete in the global marketplace. Google also plans to build dedicated cloud interconnect sites in Nairobi, Lagos, and Cape Town to expand its cloud capabilities for customers in Africa. The South Africa cloud region is estimated to contribute over $2.1 billion to the country's GDP and create more than 40,000 jobs by 2030. Google joins other major cloud providers like AWS, Microsoft Azure, and Oracle in having cloud regions in South Africa.
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Tech lobby slams EU 'rush' to probe Apple, Google and Meta
Economic Times
·
1y ago
Medial
The European Union's investigations into Apple, Google, and Meta have raised concerns among tech lobbying groups. The head of CCIA Europe, Daniel Friedlaender, expressed worry that the investigations were being launched prematurely, as data collection takes time. CCIA's members, including Apple, Google, and Meta, believe that the EU might rush into investigations without a clear understanding of what they are investigating. However, EU competition commissioner Margrethe Vestager defended the timing of the investigations, stating that they were timely and aligned with the promises and laws in place.
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South African PE CapitalWorks set to acquire building material firm
VCCircle
·
11m ago
Medial
South African private equity firm, Capitalworks Group, plans to acquire The Building Company (TBCo), a leading building materials and DIY retailer in South Africa, from Pepkor Holdings in a deal worth $62m. The transaction, which has received approval from the Competition Commission of South Africa, will enable Pepkor to divest a non-core asset and focus on its core business. TBCo, with its three brands Buco, Timbercity, and Tiletoria, operates 183 outlets across Southern Africa and offers a wide range of timber, building materials, and DIY products.
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Amazon to launch online shopping service in South Africa in 2024
Economic Times
·
1y ago
Medial
Amazon is reportedly planning to launch its online shopping service in South Africa in 2024. This expansion into the African market comes as part of Amazon's efforts to tap into the growing e-commerce sector on the continent. The move is expected to provide consumers in South Africa with a wider range of products and increase competition in the local retail industry.
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News publishers see Google’s AI search tool as a traffic-destroying nightmare
Livemint
·
1y ago
Medial
Publishers are growing increasingly concerned about Google's AI-powered search tool, fearing that it could significantly reduce their web traffic. The tool, called "Search Generative Experience," uses AI to provide full answers to search queries, eliminating the need for users to click on links to access publishers' sites. Google's integration of AI in search could have a detrimental impact on publishers who heavily rely on Google-generated traffic. While Google promises to prioritize sending traffic to publishers, estimates suggest a potential loss of 20-40% of Google-generated traffic for publishers.
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Meta Says It Won’t Renew Deals With News Publishers in Australia, U.S.
Livemint
·
1y ago
Medial
Facebook owner Meta has announced that it will not be entering into new deals with traditional news publishers in Australia and the U.S. The decision comes as the number of users accessing the dedicated news tab on Facebook dropped by over 80% last year. While users will still be able to view news article links on Facebook, Meta will be deprecating the dedicated news tab called Facebook News. The move has reignited the debate over whether social media companies should pay news publishers for content. Australian officials have criticized Meta's decision, stating that news publishers deserve fair compensation for their content.
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Australia plans new rules forcing Big Tech to continue paying news outlets
Economic Times
·
7m ago
Medial
Australia's government is set to introduce new rules that could result in fines for Big Tech companies if they refuse to pay Australian media companies for hosting news content on their platforms. The proposed rules would require internet companies to negotiate with publishers and pay them even if they remove news from their platforms. The move follows 2021 legislation that required tech giants like Google and Meta (formerly Facebook) to compensate media companies for driving traffic and advertising revenue to their platforms. Meta has already stated that it will not renew its agreements with Australian media organizations beyond 2024.
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Google caves, agrees to pay news companies for content in Canada
Gizmodo
·
1y ago
Medial
Google has reached a deal with the Canadian government regarding a new law that requires tech companies to pay news publishers for sharing their content online. The law, known as Canada's Online News Act, aims to address the issue of tech giants profiting from advertising revenue while news outlets suffer. The deal, which reduces the cost for Google from an estimated $127 million CAD to $100 million CAD, could set a precedent for similar laws globally. Meta (formerly Facebook) has not resumed talks and it is unclear how they will respond.
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Meta to drop 'Facebook News' tab in some European countries
Economic Times
·
1y ago
Medial
Meta Platforms, the parent company of Facebook, will discontinue its "Facebook News" feature in the UK, France, and Germany later this year. Users will still have access to news articles, and European news publishers will maintain their Facebook accounts and pages. However, Meta will not form new commercial deals for news content on "Facebook News" or offer product innovations for news publishers in these countries. The move is part of Meta's refocus on other areas of its business.
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