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Andrea Coscelli, the chief executive of the UK s Competition and Markets Authority, tells the BBC that tech giants Google and Facebook have too great a share of the UK online advertising market and that regulation is needed. In this extended interview with Amol Rajan, Dr Coscelli also gives his response to Facebook s recent behaviour in Australia after a new law was proposed which would force tech companies to pay publishers for news.
In response to this interview, Facebook said it faces significant competition online from rival firms and that it’s always been our intention to support journalism in Australia and around the world, and we’ll continue to invest in news globally and resist efforts by media conglomerates to advance regulatory frameworks that do not take account of the true value exchange between publishers and platforms like Facebook .
BBC News
image copyrightScience Photo Library
image captionThe next year will see the digital transformation of our lives accelerate - and a new settlement emerge between democracy and the data giants
Well, my media predictions for 2020 were a load of rubbish, weren t they? I didn t see a pandemic coming. Then again, neither did you, unless you did; in which case, you must be very rich, and I m free for lunch when restrictions have eased if you fancy it?
I suppose I could blame Covid-19 for the failure of ITV to be bought, as I said it would, or the lack of a re-balancing between trends and events in news. But the truth is that - alas! - they were dud predictions.