On Monday, January 7, Israel’s antitrust regulator said it will look at the business practices of internet giants such as Facebook and Google to make sure they are not stifling competition, according to Reuters.
“We will look closely at the activity of the internet giants to see whether they are abusing their power and breaching the Anti-Trust Authority’s rules,” the head of the authority, Michal Halperin, told parliament’s Economic Affairs Committee.
“The big internet companies, such as Google and Facebook have a sufficient presence in Israel in terms of antitrust laws … the law applies to them even if they are not registered in Israel,” Halperin said.
According to Reuters, the authority will examine whether such companies were misusing their advantages in order to push other players out and monopolize the market, she said.
Representatives for Facebook and Google who were at the meeting said they were law abiding and provided a platform for Israeli businesses to thrive.
Israel’s traditional media market faces a crisis in the digital age as advertising shrinks and revenues fall. Google and Facebook take an estimated 80% of advertising revenues in Israel of between US$436 million and US$494 million a year.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Senators Urged to Expedite Gail Slater’s Confirmation as DOJ Antitrust Chief
Feb 11, 2025 by
CPI
Former Michigan Asphalt Executive Pleads Guilty in Bid-Rigging Scheme
Feb 11, 2025 by
CPI
Ballard Spahr Expands Litigation Team with Addition of Antitrust Attorney in Seattle
Feb 11, 2025 by
CPI
Portuguese Court Overturns €225 Million Fine for Banking Collusion Due to Statute of Limitations
Feb 11, 2025 by
CPI
Binance and SEC Request Stay in Crypto Lawsuit Amid New Regulatory Task Force
Feb 11, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon