Google and Facebook to push hard against proposal for regulatory body

Australian Competition and Consumer Commission considers market position of Google and Facebook justifies greater oversight

Google and Facebook are expected to push back hard against proposals to set up a new authority that would monitor how they use their market power and the operation of algorithms that drive the placement of news and advertising content on their sites.

Publicly, the two digital multinationals say they are studying the nearly 400-page report released by the Australian Competition and Consumer Commission on Monday.