Australia: Consultation closed for ACCC Report on social media services

On 9 September 2022, the consultation by the Australian Competition and Consumer Commission on the potential competition issues in social media services in Australia closed. The consultation paper invited views on the degree of competition between social media services, trends in mergers and acquisitions of social media platforms and their effect on competition, the role of advertising services on competition in social media services, and the use and abuse of social media services, with focus on platforms such as Facebook, Instagram, Twitter, TikTok, Snapchat, YouTube, Reddit, and Discord.