Jul 1, 2020

Google and Facebook too powerful, says watchdog

The UK needs tougher rules to curb the dominance of Google and Facebook, including powers to break them up, the Competition and Markets Authority has said. Google has more than 90% of the £7.3bn search advertising market in the UK, it said. Facebook takes more than half of the £5.5bn UK online display advertising market. The CMA said the services provided by Google and Facebook "Are highly valued by consumers and help many small businesses to reach new customers". Ronan Harris, Google UK and Ireland vice-president, said digital advertising "Helps businesses find customers and supports the websites that people know and love".

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