Australia's consumer watchdog says open letter from Google contains 'misinformation'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

In an open letter to Australians, Google said that a proposed new law would force the tech giant to provide users with 'a dramatically worse Google Search and YouTube.'

— called the News Media and Digital Platforms Mandatory Bargaining Code — that would require tech companies like Google and Facebook to pay media outlets for news. The legislation also states that the companies would have to inform media organizations in advance if there are any changes made to algorithms that would significantly affect news rankings on their platforms.until Aug. 28. Sims said that the ACCC will continue to consult on the draft code with interested parties, including Google.

Google claimed that the law would force the company to give "unfair advantage" to Australian news media businesses over everyone else who has a website, YouTube channel or small business. The U.S. tech giant said it would allow those news outlets"News media businesses alone would be given information that would help them artificially inflate their ranking over everyone else, even when someone else provides a better result," Silva said in the letter.

"We've always treated all website owners fairly when it comes to information we share about ranking. The proposed changes are not fair and they mean that Google Search results and YouTube will be worse for you," she added. Google further said it pays "millions of dollars" to Australian news media companies, sends "billions of free clicks" their way every year, and that it has "offered to pay more to license content."that for every 100 Australian dollars spent on online advertising in Australia, excluding classifieds, nearly a third goes to Google and Facebook, according to government estimates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank Elon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google says Australian antitrust law would hit small content creatorsAlphabet Inc's Google on Monday said a proposed antitrust law in Australia forcing tech firms to pay for news that appears on their social media websites would adversely impact individual content creators and channel operators. Right on cue Google don't give a shit about anyone but themselves. BS
Source: Reuters - 🏆 2. / 97 Read more »