StartupAus CEO Alex McCauley. Photo: supplied StartupAUS is concerned about the damage last week’s ACCC report into digital platforms could cause to the startup sector if the competition watchdog’s views on mergers and acquisitions are implemented. The landmark inquiry and its 620-page report, which focused in part on the power of Facebook and Google, raised concerns… Read more »
Australia’s consumer watchdog wants to lift the carpet on some of the world’s biggest and most powerful tech companies, especially Facebook and Google, to see how their greatest trade secrets work in sweeping changes to check their power in the nation’s digital economy. The final report of the landmark Australian Competition and Consumer Commission… Read more »
The Kogan.com promotion the ACCC alleges was misleading. Internet entrepreneur Ruslan Kogan’s online retail empire has fallen foul of consumer watchdog the ACCC (Australian Competition and Consumer Commission), which is suing the business over false or misleading conduct claims, alleging Kogan increased prices ahead of a discount sale. The ACCC has launched Federal Court action… Read more »
Google and Facebook perform a “critical role” in enabling businesses to reach consumers, however the way their algorithms work to order content is unclear, according to the ACCC.
Victorian startup Energy Locals has raised $2 million in funding from NSW renewable energy company Cape Byron Power.
Adrian Merrick’s explanation of what Energy Locals does is rather to the point: “We sell cleaner energy for a fixed fee and without screwing customers.”
ASIC stated that initial coin offerings can “involve significant risks for investors that are often not disclosed or well understood”.
TPG is the third internet service provider to be pulled up for misleading customers about its NBN services, with the ACCC announcing the company will compensate almost 8,000 customers.
The ACCC is launching an inquiry into the impact of digital platform providers like Facebook and Google on competition in the media and advertising markets.
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