federaltradecommission
-
FTC Admits Defeat in Antitrust Battle With Facebook
The Federal Trade Commission will not appeal the court ruling rejecting its attempt to block the acquisition of VR fitness company Within by Facebook and parent company Meta. The regulator’s decision marks a major win for Meta and draws renewed scrutiny on the agency’s capacity to successfully bring similar antitrust cases aimed at limiting Big…
-
FTC Alleges Martin ‘Pharma Bro’ Shkreli Is Trying to Break Back Into Pharma Industry
Everybody’s favourite figurehead for the money grubbing ways of the pharmaceutical industry, Martin “Pharma Bro” Shkreli, has been working the angles ever since he tiptoed out of prison in May last year. He’s taken potshots into the tech industry through a kind of “crypto-based drug discovery platform,” and he’s been making a scene telling criminally…
-
Epic Forced to Pay Record-Breaking $AU776 Million Fine for Violating Children’s Privacy and Engaging in Dark Pattern Deception
The complaints allege Epic collected voice and text data from Fortnite players under the age of 13 without their parent’s consent.
-
Senator Threatens Elon Musk Over Twitter Chaos: ‘Fix Your Companies. Or Congress Will.’
Although at times it seems like no one can stop Twitter owner Elon Musk from doing whatever he wants with the platform, Massachusetts Sen. Ed Markey recently reminded the billionaire that there is still something called “laws,” telling him on Sunday to fix his companies “or Congress will.”