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The Latest Breaking News from FTC

FTC warns food industry trade groups and influencers about disclosures on paid social media posts

The Federal Trade Commission says it issued warnings to two food and beverage industry groups, as well as to a dozen online influencers and dieticians for failing to adequately disclose paid social media posts that promoted a sweetener and sugary products

The Independent UK

The Brussels Defect: Too early turns out to be worse than too late.

Plus Mark MacCarthy's book on "Regulating Digital Industries" in Episode 481 of the Cyberlaw Podcast

Reason

Cybertoonz explains the FTC's latest filing on copyright and AI

As covered in upcoming Cyberlaw Podcast episode 481

Reason

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Scams: Senior Investors Targeted As Crypto Payment Use Grows

Crypto investment scams are climbing, costing senior victims about $35,000 each last year, the FBI reports.

Kiplinger

How to talk to older people in your life about scams

Last year, consumers lost $8.8 billion to scammers, and the Federal Trade Commission says older adults lost the most money compared to other age groups

The Independent UK

Users of Fintech App Brigit to Get $18M in Refunds

The fintech app falsely promised cash-strapped users instant cash advances and locked them into monthly memberships that they couldn't cancel, the FTC charges.

Kiplinger

Dueling interests ask if Biden goes too far on AI or falls short - Roll Call

President Joe Biden’s executive order on artificial intelligence could empower agencies to overstep their bounds or lack the teeth to be effective.

Roll Call

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The Wildly Misleading Statistic at the Center of the FTC's Antitrust Case Against Amazon

Lina Khan says this number is crucial to understanding Amazon's monopoly power, but she's either confused or lying about what it means.

Reason

Vonage Users to Get Nearly $100 Million In Refunds In Junk Fee Case

The FTC says Vonage made it hard for customers to cancel service and charged hundreds of dollars in surprise junk fees in some cases.

Kiplinger

Uttar Pradesh: Jailed don and four time MLA Vijay Mishra awarded 15-year imprisonment in rape case

VARANASI: Bhadohi district's fast track court (MP-MLA) awarded 15 year imprisonment and fine of Rs one lakh to jailed mafia don and four time MLA Vijay Mishra in gang rape case.

The Times of India

Amazon designed its algorithm at Jeff Bezos's urging to be something it wanted to show you, not the cheapest and best product, government claims

New revelations from the FTC’s antitrust lawsuit claim that Bezos pushed for “expensive, irrelevant advertisements” because they were so profitable for Amazon.

Fortune

Amazon used an algorithm to essentially raise prices on other sites, the FTC says

A newly unredacted portion of the Federal Trade Commission's antitrust lawsuit against Amazon says the company used a secret algorithm that essentially helped the company raise prices on other online sites

The Independent UK

US government orders financial firms to report data breaches in less than 30 days

Mortgage brokers, investment firms, and similar, now need to be more diligent with their reporting of cybersecurity incidents.

TechRadar

Amgen (AMGN) Earnings Watch: Buy or Sell?

Amgen (AMGN) is scheduled to report its third-quarter earnings soon, with Wall Street analysts expecting year-over-year improvements in revenue. However, its earnings are expected to miss the consensus estimate. Moreover, the company completed the acquisition of Horizon Therapeutics earlier this month. Considering these factors, is the stock a buy or…

StockNews.com

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Evening Standard

Will Twitter/X survive? One year on from Musk's takeover, we look at what's changed

Elon Musk remains defiant, insisting the prognosis is rosy as he redesigns the social media platform in his own image

Fortune

How to spot a crypto scam

In the Wild West of cryptocurrency, the crossover between legitimate business and scam is sometimes too close to call.

StockNews.com

Amazon (AMZN) Earnings Forecast and Gameplan

Amazon’s (AMZN) second-quarter revenue and earnings surpassed analyst estimates, and the company issued optimistic guidance for the third quarter. However, it continues to face challenges, including sluggish growth in its cloud and e-commerce businesses and the FTC’s anti-trust lawsuit. So, let’s determine if you should buy, hold, or sell this…

Barchart

Amazon Q3 Preview: 5 Key Things to Watch in This Week's Earnings

FAANG heavyweight Amazon will release its highly anticipated Q3 earnings this week. Here's what analysts expect from the report and the 5 key things to watch out for on the earnings call.

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news in one place.

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The Guardian - UK

Exhausted Amazon staff fight back against retail giant at global UK summit

Meeting in Manchester is part of worldwide action – including Black Friday protests – over tax, market abuse and workers’ rights

Reason

Is It Time To Trust-Bust Taylor Swift?

The pop singer's new concert film inadvertently makes the case for big businesses with sweeping market power.

The Independent UK

Reese's $25,000 promotion may violate sweepstakes laws

Reese’s may be violating state and federal laws with a sweepstakes offer currently advertised on packs of peanut butter cups

Fortune

Behind the scenes of week 2 of Sam Bankman-Fried’s trial

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.

WEKU

Biden proposes a ban on 'junk fees' — from concert tickets to hotel rooms

A rule proposed by the Federal Trade Commission would outlaw hidden and "bogus" fees. Officials estimate that junk fees cost consumers at least $64 billion each year.

WEKU

Amazon sellers say they made a good living — until Amazon figured it out

The federal government has sued Amazon for allegedly using its monopoly power to stamp out rivals. Now, some small businesses that sell on the marketplace reveal what it's like to depend on Amazon.

The Independent UK

FTC proposes a ban on 'junk fees' and says hidden charges push up prices

The Federal Trade Commission is proposing a rule to ban any hidden and bogus “junk” fees, which can mask the total cost of concert tickets, hotel rooms and utility bills

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