Sims warns of harm caused by digital takeovers
In a speech to the Consumer Policy Research Conference, ACCC Chair, Rod Sims, warned that the acquisition of smaller rivals by digital platforms may threaten consumer choice and privacy.
Sims highlighted the recent Google/Fitbit deal:
“The change in data collection policies, when a company like Fitbit transfers its data to Google, creates a very uncertain world for consumers who shared very personal information about their health to Fitbit under a certain set of privacy terms”
See ACCC media release.