FILE PHOTO: The Google logo is seen on the Google house at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024. REUTERS/Steve Marcus/File Photo
JOHANNESBURG (Reuters) -South Africa's Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance.
The report highlighted how global digital platforms have eroded traditional media revenues, with Alphabet's Google and YouTube, Facebook owner Meta, Microsoft, TikTok, Elon Musk-owned X, and artificial intelligence firms dominating access to news and monetisation channels.
