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
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。