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The Latest Breaking News from FTC

Meta wins major US antitrust case and won’t have to break off WhatsApp or Instagram

Challenge to Meta could have forced it to spin off Instagram and WhatsApp, but judge ruled company did not hold social networking monopoly

The Guardian - US

Meta cleared of monopoly claims as judge highlights competition with TikTok

A U.S. federal judge ruled in favor of Meta, stating it does not maintain a monopoly in the social media space.

Android Central

Meta Wins FTC Antitrust Case, Not A Social Media Monopoly

A federal judge has handed a major legal triumph to Meta Platforms, Inc. (NASDAQ:META), the parent company of Facebook, officially rejecting government accusations that the tech giant maintains an illegal monopoly on personal social networking.

Benzinga

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Meta prevails in historic FTC antitrust case, won't have to break off WhatsApp, Instagram

Meta has prevailed over an existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking

The Independent UK

Wealthy New Yorkers Reportedly 'Looking For Therapy' After Zohran Mamdani Taps Former FTC Chair Lena Khan As His Transition Team Co-Chair

New York City's business elite didn't wait long to panic after Mayor-elect Zohran Mamdani announced that former Federal Trade Commission Chair Lina Khan would co-lead his transition team.

Benzinga

I dropped $50K in a Mercedes backseat after a call ‘from the CIA’: How smart, sophisticated people get conned

Scam artists steal more than $16 billion in the U.S. every year – and AI is making it easier

The Independent UK

Mamdani’s appointment of Lina Khan a warning to private equity, experts say

Ex-FTC chair was among first to go after practice of folding local firms into larger ones leading to higher prices

The Guardian - US

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How Lina Khan Is Busy Striving To Maximize Mamdani's Power

Using the mighty power of government to…make stadium hot dogs cheaper? It's one of many ways Khan's petty populism could be coming to New York City.

Reason

Yes, New York will soon be under new management. But Zohran Mamdani is just the start

Lina Khan outraged corporates and conservatives as head of the Federal Trade Commission. Expect more of the same now she’s with the mayor-elect’s transition team, writes Carys Afoko

The Guardian - UK

Mamdani Teaming Up With Lina Khan Paints a Grim Picture of What's To Come

She's baaaaack...

Reason

Zohran Mamdani announces all-female transition team as he prepares for New York mayoralty

Team includes Lina Khan, the FTC commissioner under Biden, and other Democratic former city officials

The Guardian - US

Amazon's $1.5 billion Prime settlement explained — your most common questions answered

Understand the important details about Amazon's settlement and what it means for Prime members.

Tom’s Guide

$1.5 billion Amazon Prime settlement refunds — everything you need to know

Amazon's settlement with the FTC includes $1.5 billion in refunds for Prime subscribers. Here's what you need to know.

Tom’s Guide

Amazon settles with FTC, needs to pay Prime members $1.5 billion — here's how to claim your share

Learn if you qualify for Amazon's Prime membership refund and what steps you need to take to claim your share.

Tom’s Guide

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Reason

iRobot Faces Bankruptcy After Elizabeth Warren Helped Kill $1.65 Billion Amazon Merger

Amazon, with its deep pockets, could have helped turn things around. Instead, regulators consigned the company to die a slow and painful death.

Benzinga

Mark Zuckerberg Secretly Met AG Pam Bondi For Advice On Discussing 'Meta's Concerns' With Trump: Report

Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg reportedly had a private meeting with Attorney General Pam Bondi earlier this year before the Federal Trade Commission’s (FTC) antitrust case against Meta went to trial.

Tom’s Guide

Amazon's $2.5 billion settlement — how to get your payment and when they're going out

Amazon settled with the FTC in a lawsuit over how hard it is to cancel a Prime Subscription. Affected customers can claim some of the $2.5 billion settlement.

Reason

Live Nation's Merger with Ticketmaster Isn't Responsible for High Resale Prices—You Are

Antitrust enforcers at the Justice Department and the Federal Trade Commission have singled out Live Nation as a scapegoat for concertgoers' insatiable appetites.

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International Business Times UK

Amazon FTC Settlement Prime Refund: Truth or Hoax? Why Millions Are Waiting for Their $51 Payout

Amazon owes customers $51 from a $2.5B FTC settlement for deceptive Prime sign-ups. See if you're eligible for the payout and learn how to claim your money.

The Independent UK

Woman loses life savings and husband’s insurance after falling for scammer impersonating feds: ‘I couldn’t believe it happened’

Since 2020, there has been a fourfold increase in over-60s losing at least $100,000 to scams involving impersonations of businesses or the government

GOBankingRates

5 Ways To Protect Yourself From Fraud in This New Bank Scam

Bank scams are getting more complex and infinitely more believable, thanks to the usage of AI-enhanced voice tools employed by tech-savvy scammers. Learn More: 4 Top Ways To Spot and Avoid a Scam,...

PC Gamer

Sony accuses Tencent of playing a 'shell game' with its Horizon-like survival game, seeks a preliminary injunction against it

Tencent seems ready to make big changes to Light of Motiram, but Sony isn't buying it.

PC Gamer

Saudi Arabia's acquisition of Electronic Arts faces pushback from game developers, petition calls on FTC to 'scrutinize this deal closely'

The Videogame Workers United union wants approval of the deal to be contingent upon protecting jobs and game studios.

Operation Sports

EA Workers Rally Against $55 Billion Saudi-Backed Acquisition

Unions are calling for more scrutiny.

Evening Standard

Is the internet getting worse — and what can we do about it?

Big Tech is giving us all a raw deal, a heavy hitting new book claims. Will Rogers-Coltman meets its author

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