Google and Facebook face a crackdown on their 'monopoly' power which allows them to sweep up billions of pounds at the expense of UK businesses and families. Facebook face a crackdown on their 'monopoly' power which allows them to sweep up billions of pounds at the expense of UK businesses and families. 'Google enjoys a more than 90 per cent share of the £7.3 billion search advertising market in the UK, while Facebook has a share of over 50per cent of the £5.5 billion display advertising market. Alarmingly, the CMA suggests Google and Facebook use their dominance to influence the behaviour of consumers. This dependency potentially squeezes their share of digital advertising revenues, undermining their ability to produce valuable content.'

Source: Daily Mail July 01, 2020 17:44 UTC