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The Latest Breaking News from FTC

Chaos unleashed: Elon Musk’s wild ride at helm of Twitter could bring it down

World’s richest man has made a spectacle of his ownership of the social media platform, and advertisers, employees and regulators are none too pleased

The Guardian - US

Elon Musk warns Twitter staff of ‘difficult times ahead’ if they can’t find news ways of making money

Staff were told to stop remote working and come into the office for a meeting - or resign

Evening Standard

Musk Warns of Twitter Bankruptcy as More Senior Executives Quit

Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US privacy regulator and the exit of the company's trust and safety leader. The billionaire on his first mass call with employees…

Asharq Al-Awsat

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Supreme Court signals it may allow court challenges to SEC, FTC

The U.S. Supreme Court signaled it may open a new avenue for companies and people to fight off complaints by the Securities and Exchange Commission and Federal Trade Commission, hearing arguments in cases that could undercut the clout of two powerful market regulators.

Tribune News Service

Robe & Gavel November 7, 2022: Federal Judicial Vacancy Count released for Nov. 1

Welcome to the Nov. 7 edition of Robe & Gavel, Ballotpedia’s newsletter about the Supreme Court of the United States (SCOTUS) and other judicial happenings around the U.S.

Ballotpedia

Harley Hit With A Third Federal Class-Action Antitrust Lawsuit In 2022

A third Federal antitrust class-action lawsuit was filed in Illinois in November, 2022, which seeks relief for class members across multiple states.

RideApart

Musk Reportedly Suspends Twitter Work On Crypto Wallet, Boeing's Jeppesen Hit By Potential Ransomware Attack, Lyft Cuts Workforce: Top Stories Friday, Nov. 04

Reuters

Benzinga

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Michael Hiltzik: Meta and Twitter show the drawbacks of giving self-satisfied billionaires too much power

Back in the prehistoric era — in 2012, when Facebook staged one of the most hyped initial public stock offerings of all time — I warned the company's newly minted shareholders that they had become wedded to Mark Zuckerberg.

Los Angeles Times

There are no perfect solutions for identity theft. But experts and a victim have ideas

Identity theft happened to me. It could happen to you. Our systems enable bad actors to commit identity fraud and generally get away with it. But it doesn't have to be this way.

Los Angeles Times

Bills target corporate practices thwarting product repairs

WASHINGTON — After Dyani Chapman’s refrigerator broke, her landlord replaced it with a new one, a cheaper route than fixing the original. When her phone’s screen cracked, Chapman faced a similar dilemma.

Tribune News Service

Bills target corporate practices thwarting product repairs - Roll Call

There is bipartisan congressional interest behind bills to make it easier for consumers to repair what they own.

Roll Call

Illegal fishing spurs billions in losses for developing countries, study says

Analysis finds global practice is a major driver of marine ecosystems’ destruction and is estimated to run up to $50bn

The Guardian - US

Commentary: Misleading political TV ads are filling up California’s ‘news deserts’

If you watched even a smidge of the Dodgers-Padres postseason playoff games on television, you almost certainly saw a political ad. This is nothing unusual for the lead-up to an election. In fact, there are fewer propositions on the ballot than usual in California — but that doesn’t make figuring…

Los Angeles Times

Student loan debt scams on the rise: Look for these signs

“You never have to pay for any federal help from the Student Loan Program,” President Biden warned.

Axios

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Los Angeles Times

Michael Hiltzik: Think food inflation is bad now? Wait till Kroger and Albertsons merge

The gargantuan proposed $24.6-billion merger of supermarket behemoths Kroger and Albertsons is being touted by the merger partners as a boon to consumers.

Benzinga

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

Ballotpedia

Checks and Balances, October 2022: Biden administration codifies DACA

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Benzinga

News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Wall Street Journal Rupert Murdoch Explores News Corp and Fox Corp Consolidation

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StockNews.com

OPEN: Don't Get Trapped by This Real Estate Stock in 2022

Shares of real estate services company Opendoor Technologies (OPEN) are trading nearly 89% below its 52-week high. With the real estate industry witnessing severe headwinds currently, we think the stock could slide even further. Read on to learn more….

Tribune News Service

Meta calls FTC suit to block VR fitness deal ‘ill-conceived’

Meta Platforms Inc. urged a judge to reject the U.S. Federal Trade Commission attempt to block the company’s acquisition of virtual reality app Within Unlimited, saying the agency’s claims about competition in the area are based on “pure speculation.”

The Independent UK

Meta hits back in fight with FTC over VR company acquisition

Facebook parent Meta struck back in its legal battle with federal regulators over its proposed acquisition of virtual-reality company Within Unlimited and its fitness app Supernatural

The Times of India

Gyanvapi a waqf property, only waqf board can hear cases linked to it: Anjuman Intezamia Masajid

VARANASI: The Anjuman Intezamia Masajid — the Gyanvapi mosque management committee — on Wednesday submitted in the court of civil judge, senior division (fast-track court), Mahendra Kumar Pandey that the issues related to Gyanvapi mosque property could be heard at the Waqf Board’s Lucknow tribunal only as it was a…

The Independent UK

What spiking US veterinary prices reveal about inflation

Most pets hate visiting the vet

Tribune News Service

Ex-Uber chief security officer pleads guilty to covering up 2016 data breach

SAN FRANCISCO – The ex-chief security officer of Uber Technologies Inc. has been convicted of covering up a 2016 data breach involving 57 million of the San Francisco-based ride-hailing company’s users, according to the U.S. Attorney’s Office.

Benzinga

Tesla To Feel Pressure After Musk's Twitter-Deal News; OPEC Output Cut Disappoints Biden; Shell Profits Low: Top Stories Thursday, Oct. 6

Benzinga

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