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Comment: Silicon Valley, regulators brace for Australia’s digital platforms report

By James Panichi and Laurel Henning* ( July 3, 2019, 02:37 GMT | Comment) -- The final report from Australia’s groundbreaking inquiry into platforms such as Facebook and Google has been handed to the government and may be released in the coming weeks, leaving platform operators bracing themselves for what lies ahead. It’s not so much the local impact of the non-binding recommendations that will keep Silicon Valley up at night; the fear is that Australia’s competition watchdog will call for regulatory standards that will then be embraced in other jurisdictions. As the world awaits the report’s release, MLex correspondents assess the inquiry’s international regulatory backdrop.A relatively small jurisdiction at the bottom of the world, more than 12,000 kilometers from Silicon Valley, is about to launch a regulatory experiment that could have a lasting effect on the business models of platforms such as Facebook and Google. The world’s technology giants are bracing for what Australia has in store....

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