Australia cracks down on Big Tech: proposes fine of up to $33m for stifling competition

Australia cracks down on Big Tech: proposes fine of up to $33m for stifling competition

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Australia proposed a law on Monday that could impose fines of up to A$50 million ($33 million) on global technology companies if they suppress competition and prevent consumers from switching between services.