Alphabet's (GOOG) Google, Meta Platforms (META) and other technology companies have been accused by South Africa's Competition Commission of anti-competitive practices against the country's local media, according to a statement from the commission Monday.
At the conclusion of a 16-month inquiry, the commission recommended that Google compensate South Africa news media 300 million to 500 million rand ($16.3 million to $27.2 million) annually for three to five years, while executing changes to search "that will sustainably create shared value with the media through increases in referral traffic." It also suggested that Meta and X stop deprioritizing news on their user feeds.
The companies and the public have six weeks to submit responses before the report is finalized, according to the statement.
Alphabet and Meta did not immediate reply to a request for comment from MT Newswires.
Price: 182.45, Change: +0.87, Percent Change: +0.48
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。