Trending

Stories

UK Regulator Wants New Rules to Rein in Google, Facebook

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

British regulators want new rules to foster competition in digital advertising markets and rein in the industry’s dominant players, Google and Facebook.

The Competition and Markets Authority took aim at the US tech giants in a report Wednesday that recommends the British government take a new regulatory approach to govern big digital platforms making money from online ads.

Also Read

The authority said it was concerned that the two companies have developed such unassailable market positions” that rivals can’t compete on equal terms, resulting in higher prices for hotels, flights, electronics, insurance and other goods and services that are heavily advertised online.

Google and Facebook accounted for about 80 per cent of the 14 billions pounds (USD 17 billion) earned by the UK’s digital ad industry last year, the authority said.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

After a yearlong review, regulators found that existing laws aren’t up to the job of effectively regulating the country’s digital ad markets. They’re proposing a new digital markets unit” with powers that would include ordering Google to share its data with rival search engines so they can improve their algorithms and limiting the search giant’s ability to secure the default search engine position on mobile phones and browsers.

Under the new rules, Facebook could also be ordered to increase its ability to operate with other social media platforms and to let consumers choose whether to receive personalised ads.

Google supports regulation that benefits people, businesses and society,” said the company’s vice president for UK & Ireland, Ronan Harris.

We’ll continue to work constructively with regulatory authorities and Government on these important areas so that everyone can make the most of the web.

Facebook noted it faced significant competition” from Google, Apple, Snap, Twitter, Amazon, and newer players like TikTok, and looked forward to engaging with UK. government bodies on rules that protect consumers.” 

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
DJI Mini SE 2 Will Make its Debut On Feb 9 Motorola Launched Mote E13 Smartphone in India Google Pixel 4 and 4 XL Get Last Update WhatsApp Introduces 5 New Features For Status Updates OnePlus First-ever Tablet Launching in India Today ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online
DJI Mini SE 2 Will Make its Debut On Feb 9 Motorola Launched Mote E13 Smartphone in India Google Pixel 4 and 4 XL Get Last Update WhatsApp Introduces 5 New Features For Status Updates OnePlus First-ever Tablet Launching in India Today ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts