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The Latest Breaking News from FTC

FTC accuses data broker of selling sensitive location data

Federal regulators have sued a data broker they accuse of selling sensitive geolocation data from millions of mobile devices

The Independent UK

Data company sued by US government amid fears of sensitive location tracking

The lawsuit against data broker Kochava seeks to halt the sale of geolocation data from hundreds of millions of devices

The Guardian - US

Walmart seeks to dismiss lawsuit by FTC over money transfers

Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the retailer of allowing its money-transfer services to be used by scam artists

The Independent UK

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Federal government sues firm that sold location data tracking visits to abortion clinics

Lawsuit alleges company’s mobile device data can pinpoint visits to abortion providers, then trace that device to user’s home and workplace

The Independent UK

Do detox foot pads work? An immunologist explains a huge flaw with the wellness trend

Detox products mislead the public about how the human body works.

Inverse

What brands needs to learn from H&M lawsuit

Every fast fashion brand strives on converting into an ethical system and exercise sustainability until they have to pay for it. HM took the leap way before they get their production in order. This broadly grown Swedish Fast Fashion giant got under scrutiny for “ taking advantage of consumers’ interest”.…

The Times of India

Facebook-Cambridge Analytica data breach lawsuit ends in 11th hour settlement

Dramatic move shows Mark Zuckerberg ‘desperate to avoid being questioned over cover-up’, says Observer journalist

The Guardian - UK

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Twitter’s whistleblower has pitched up at a very inconvenient moment

A long and detailed complaint about lax practices by the social media firm’s former security chief must be music to Elon Musk’s ears

The Guardian - UK

Congress wants to hear what Twitter whistleblower has to say

U.S. lawmakers are anxious to hear from Twitter’s former security chief, who has alarmed Washington with allegations that the influential social network misled regulators about its cyber defenses and efforts to control fake accounts

The Independent UK

Taking Care Of Cannabis Consumers, Federal Trade Commission Issues Refunds To CBD Buyers, Here's Why

Recently, the Federal Trade Commission (FTC) announced that it will send payments to 576 consumers across the country who purchased 'deceptively marketed' cannabidiol (CBD) products from Arizona-based Kushly Industries LLC.

Benzinga

Opendoor Falls Below $5 – Time to Pick up This iBuying Stock?

iBuyer Opendoor (OPEN) recently announced a multi-year agreement with Zillow (Z). However, the stock has lost more than 10% over the past month, closing the last trading session below $5. So, is the penny stock worth buying now? Read on to find out….

StockNews.com

Benzinga Before The Bell: Top Amazon Seller Succumbs To Economic Meltdown, Twitter To Tackle Toxic Content, Spam Bots, Bed Bath & Beyond Secures Loan Deal As It Tries To Stay Afloat And Other Top Financial Stories Wednesday, August 24

CNBC Top Amazon Seller Succumbs To Economic Meltdown

Benzinga

Twitter faces legal, political peril in whistle-blower case

A whistle-blower complaint from Twitter Inc.’s former head of security, claiming severe shortcomings in the social media company’s handling of users’ personal data, will have wide ramifications for the business.

Tribune News Service

Meta learned via a tweet of FTC’s surprise suit to block vr deal

Meta Platforms Inc. learned that the US Federal Trade Commission was suing the company over one of its smaller acquisitions via a Twitter post.

Tribune News Service

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Al Jazeera

Former Twitter security chief blows whistle on lax practices

Peiter Zatko has accused the company of ‘deliberate ignorance’ regarding the site’s spam accounts.

Asharq Al-Awsat

Whistleblower Accuses Twitter of Cybersecurity Negligence

A former head of security at Twitter alleged that the company misled regulators about its cybersecurity defenses, privacy protections and its ability to detect and root out fake accounts, according to a whistleblower complaint filed with US officials. The revelation could create serious legal and financial problems for the social…

The Guardian - US

Twitter whistleblower alleges ‘egregious deficiencies’ in security measures

Peiter Zatko says company deceived users, board members and the federal government about the strength of its security measures

Financial Times

Twitter covered up security flaws and fake accounts, says whistleblower

Social network dismisses ‘false’ claims that could bolster Elon Musk’s attempt to abandon $44bn deal

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news in one place.

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Input

Former Twitter security chief alleges rampant security negligence

Peiter Zatko says Twitter purposefully misled federal regulators about the platform's security measures.

Benzinga

What The Whistleblower Means For Elon Musk And Twitter: 'Gasoline Into The Fire'

The former security chief for social media platform Twitter Inc. (NYSE: TWTR) is speaking out about practices at his former company.

Axios

On acquisitions, Beltway and tech talk past each other

Regulators see acquisitions as a path to monopoly. The industry sees them as how the business works.

The Independent UK

Amazon: FTC probe hounding Bezos, execs; subpoenas too broad

Amazon has complained to federal regulators that they're hounding company founder Jeff Bezos and senior executives

Input

Amazon claims FTC is 'harassing' executives like Bezos and Jassy

The company claims the FTC’s subpoenas for evidence are unusually burdensome.

The Independent UK

FTC looking at rules to corral tech firms' data collection

Whether it's the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies

RideApart

Two Right To Repair Class Action Lawsuits Have Been Filed Against Harley

Two class action lawsuits have been filed in federal court against Harley-Davidson, seeking damages stemming from what they claim are numerous violations.

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