The government is considering limits to big tech’s power over news and advertising markets, and boosts to privacy protections CANBERRA, Australia—Tech giants Facebook Inc. FB -0.48% and Alphabet Inc.GOOG 10.45% ’s Google could have their secretive algorithms policed by a beefed-up watchdog, under what Australia describes as world-first limits to the power that they wield over news and advertising markets. The recommended changes—which include strengthening privacy safeguards with steep penalties of up to 10% of annual domestic turnover for the misuse of data—are listed in a report by the national competition regulator.
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