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Australian regulator to get unit specialising in tech companies

Australian regulator to get unit specialising in tech companies
FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of the Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Copyright Dado Ruvic(Reuters)
Copyright Dado Ruvic(Reuters)
By Reuters
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SYDNEY (Reuters) - Australia's antitrust watchdog will be strengthened with a special branch to oversee the market power of U.S. technology giants Facebook <FB.O> and Google <GOOGL.O> under sweeping regulatory reforms proposed by the government on Friday.

"This particular branch ... will be able to be approached by various companies who believe that the algorithms have been misused," Treasurer Josh Frydenberg told reporters in Sydney.

(Reporting by Byron Kaye; Editing by Stephen Coates)

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