The Latest Breaking News from FTC

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

The Independent UK · Aug 16, 2022

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

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

Input · Aug 16, 2022

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

The Independent UK · Aug 11, 2022

FTC’s Khan overruled staff to sue Meta over VR app deal

Federal Trade Commission Chair Lina Khan led her fellow Democrats in the agency’s majority vote to sue Meta Platforms Inc. this week, despite the staff recommending against bringing a case to challenge the company’s acquisition of Within Unlimited Inc., according to three people with knowledge of the decision.

Tribune News Service · Jul 29, 2022

Meta Can't Buy V.R. Fitness Company, Must Make Its Own Competing App, Says FTC

Plus: A rebranded "Build Back Better," the two-party system creates "a disconnect between elites and non-elites," and more...

Reason · Jul 28, 2022

Benzinga Before The Bell: Apple's Latest Move For Self-Driving Car Project, Monkeypox Is A National Emergency, Spirit-Jet Blue Merger And Other Top Financial Stories Thursday, July 28

Reuters

Benzinga · Jul 28, 2022

Watchdog head: Bad actors should face more than big fines

The head of the nation’s financial watchdog is having second thoughts about using fines to deter illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference

The Independent UK · Jul 28, 2022

Facebook's Meta Posts First-ever Revenue Drop

Facebook-parent Meta reported on Wednesday its first quarterly revenue drop and a plunging profit as the social media powerhouse battles a turbulent economy and the rising phenomenon of TikTok.

Asharq Al-Awsat · Jul 28, 2022

FTC takes first major step in blocking Meta's monopoly on the metaverse

The FTC filed a complaint to block Meta's acquisition of Within, the developer of VR fitness app, Supernatural.

Input · Jul 27, 2022

FTC acts to block Meta from buying VR company, fitness app

Federal regulators have taken legal action to block Facebook parent Meta and its CEO Mark Zuckerberg from acquiring virtual reality company Within Unlimited and its fitness app Supernatural

The Independent UK · Jul 27, 2022