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The Latest Breaking News from FTC

FTC Chair's Activism Prompts a Commissioner to Resign

FTC Commissioner Christine WIlson is resigning from the Commission. (Updated)

Reason

Who Needs Hackers When You Have Balloons?

Episode 442 of the Cyberlaw Podcast

Reason

Editorial: FTC crackdown on GoodRx sends a message that private consumer data must be protected

Since 2017, GoodRx has helped millions of people find deals on prescription drugs via an app and website. But what its customers may not have known is that the Santa Monica-based health company had also been sharing information about their prescriptions and illnesses with third parties such as Google and…

Los Angeles Times

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$115 million in refunds being sent to thousands scammed by fraudsters using MoneyGram

Nearly 40,000 consumers who lost money to scammers using MoneyGram’s payment system will receive a combined $115.8 million in refunds as a result of a 2018 settlement with the Dallas-based company.

Tribune News Service

Musk fired engineer over declining views

Musk fired an engineer who said there was no evidence the algorithm was biased against him

Salon

Who owns Activision Blizzard? Microsoft acquires Call of Duty maker in blockbuster deal

The UK competition watchdog has cleared the biggest deal in gaming history after initially restricting it

Evening Standard

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

Asharq Al-Awsat

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Commentary: Facebookopoly

The recent news is that Facebook’s parent, Meta, had record earnings that have driven the stock up over 20% in trading. In the world of social media, Facebook is ubiquitous. Coming from humble beginnings as a Harvard student’s pet project, it’s now expanded to 2.89 billion users worldwide, making it…

Tribune News Service

The FTC's Antitrust Radicals Are Rebuked Again in Federal Court

The FTC is trying to seize new powers to regulate the economy.

Reason

Microsoft-Activision Blizzard deal put on pause by regulator

The U.K.'s antitrust regulator sees structural remedies as possible solutions to the Microsoft-Activision Blizzard deal.

Fortune

UK watchdog says Microsoft's Activision deal hurts gamers

Microsoft’s stalled $68.7 billion deal to buy video game company Activision Blizzard has hit a fresh hurdle in the United Kingdom

The Independent UK

Gadget industry tosses a wrench into ‘right to repair’ efforts

The “right to repair” movement is having a moment, but roadblocks remain.

Tribune News Service

Meta to buy VR startup Within after favorable court ruling

A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural

The Independent UK

A.I. startups like OpenAI and Anthropic must partner with tech giants like Microsoft and Google. That poses problems

OpenAI, Anthropic, and Stability AI have partnerships with Microsoft, Google, and Amazon, respectively. The FTC is watching.

Fortune

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WEKU

Even after you think you bought a car, dealerships can 'yo-yo' you and take it back

NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

Reason

More Cracks in the FTC's Aggressive Antitrust Plans, as Court Refuses To Ban Meta From Buying V.R. Fitness App

Plus: Trump teases new avenues of authoritarianism, interest rates raised again, and more...

Axios

Meta's good day

Wall Street liked what it heard in the Facebook parent's latest earnings, and the company also won a round with the FTC.

The Independent UK

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

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news in one place.

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Chicago Sun-Times

Chicago family sues after separation at border, meeting the mayoral candidates and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Discount prescription company GoodRx fined $1.5 million for sharing sensitive user info

The FTC alleged the company shared info on users’ medication and illnesses for the purpose of targeted ads.

Fortune

From ‘The Last of Us’ to ‘The Witcher’: Game adaptations are making waves, so what's being released next?

Thought you'd seen the last of game-to-live-action adaptations? Think again.

USA Today Sports Media Group

Sony ‘doesn’t need FTC protection’ says Activision following The Last of Us success

HBO's is a hit, and one executive believes it's proof that PlayStation will succeed despite Microsoft's purchase of Activision Blizzard.

Los Angeles Times

Michael Hiltzik: The FTC is pushing new rights for workers. Big business is pitching a fit, of course

Whenever a government agency proposes a regulation that might help workers by reining in an employer abuse, you can count on some heavy breathing from the big business lobby.

Chicago Tribune

Ex-wife of TV pitchman Kevin Trudeau tells Chicago judge he had gold bars, says she’s ‘very scared’ of him

CHICAGO — The ex-wife of TV pitchman Kevin Trudeau told a Chicago federal judge Thursday she saw him handling dozens of gold bars over the course of their marriage and that she’s “scared” for her life now that he’s turned against her.

Tribune News Service

Sen. Chuck Schumer demands FTC crackdown on assault weapons marketed to kids

WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats are demanding that the Federal Trade Commission clamp down on a gun manufacturer for marketing a mini assault-style rifle to children.

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People

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