X snubs SA’s media competition inquiry
First day of Competition Commission hearings kicks off with submissions from those in the front line
04 March 2024 - 23:41
X Corp is playing hardball with SA’s competition authorities, refusing to take part in a public inquiry into how digital channels are affecting traditional media platforms and advertising revenues — drawing sharp criticism from the antitrust watchdog.
The inquiry, which started public hearings on Monday, is designed to examine the impact of digital platforms such as X - which is owned by SA-born tycoon Elon Musk - Facebook and Google on the distribution and monetisation of media content, and whether they have anticompetitive or harmful practices that need to be addressed...
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