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MLex Market Insight

Facebook and Google’s adtech practices are back on the regulatory agenda in Europe and Asia

MLex Market Insight

MLex Market Insight

News

4.99 Ratings

🗓️ 2 July 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

Digital advertising is back on the agenda in Europe, with the announcement of a fresh EU antitrust probe targeting Google’s practice of hoovering up data to better target advertising. However, the new investigation will also leave room for parallel action by regulators in Germany and France, with the European Commission skirting around the national watchdogs’ focus areas: online market power and the market for serving online ads. Meanwhile, in South Korea the local competition regulator is looking into the adtech practices of both Facebook and Google, while an Australian report into digital advertising is expected to put forward recommendations for the regulation of digital advertising.

Transcript

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0:00.0

Hello there. Welcome to Emlex's weekly podcast covering the top regulatory stories of the moment. I'm James Panicki. I'm a senior editor with Emlex's Asia Pacific Operations. It's great to be in your feed once again.

0:23.3

This week, one of the biggest tech issues around digital advertising or ad tech. Why is it that the

0:30.3

platform of your choice knows your tastes, your biases, your prejudices, sometimes better than you

0:36.3

know them yourself? The answer is, of course,

0:39.1

data. Every virtual step you take, indeed arguably every real step you take with a device in your

0:45.9

pocket is being examined and scrutinized and all in the name of delivering you a tailor-made

0:52.3

advertising experience. It's a world that has long been of

0:56.0

interest to regulators, which is why the decision by the EU's antitrust watchdog to launch a

1:02.0

fresh probe into Google's ad tech practices was big news, although arguably not that surprising.

1:09.1

In fact, Emlex's faithful subscribers are only too aware that there is

1:13.4

plenty of regulatory action going on around the world on this front, and will touch base with

1:18.8

our correspondence in Seoul and Sydney to get a sense of where things stand in Asia.

1:24.8

First up, though, Nicholas Hurst is Mlex's chief correspondent on the EU antitrust

1:30.2

beat, and he joins me now from Brussels. Now, Nicholas, I tried to explain AdTech just now,

1:36.8

but how would you describe it? Oh, that's complicated. AdTech is this complex chain of technology

1:43.8

that basically puts adverts on websites when you open them.

1:48.0

Now, behind these adverts is a whole series of events such as auctions, multiple auctions,

1:56.0

informing advertisers about who the person that's browsing is and so on and so on.

2:04.8

And all of this happens in the flicker of an eye, the time it takes to load the web page. So what we're talking about is advertisements, as you and I have always understood them,

2:10.2

but they are powered by personal data, which makes them particularly effective in targeting people

2:15.7

in telling them exactly what they what they do want

2:19.1

rather than what they may or may not want. That's right. So the internet, you know, the ad tech world

...

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