Google and Facebook could soon be forced to pay UK publishers for using their news content as part of a suite of new powers to rein them in, the Government's digital taskforce said today. A group led by the UK's competitions watchdog believes British publishers are victims of the tech giants' extraordinary market dominance and payments for stories and videos could help address this. That would mean a penalty of about £12billion for Google or £5billion for Facebook if they break the regulations, which intend to stop anti-competitive behaviour. The Digital Markets Taskforce has now urged the Government to introduce the code of conduct to rein in the market dominance of tech giants. Concerns have been raised about the market dominance of tech firms such as Facebook and Google, and the impact it can have on innovation and competition.

Source: Daily Mail December 08, 2020 18:14 UTC