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Keyword: ftc

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  • Rep. Kennedy III Announces Bill To Limit U.S. Supreme Court Terms

    09/25/2020 8:11:23 PM PDT · by raccoonradio · 76 replies
    WBZ News Radio 1030 ^ | 9-25-2020 | WBZ news radio
    Massachusetts Congressman Joe Kennedy III has announced his intention to file legislation next week that would introduce term limits for all future U.S. Supreme Court Justices. According to Congressman Kennedy's office, the bill would establish 18-year term limits on any Supreme Court Justices approved after its passage. After their 18-year terms, justices would then be allowed to continue their service on lower courts. Kennedy's bill would then create a regular appointment process to allow every president to nominate a new justice to he Supreme Court during each odd year, guaranteeing each president the opportunity to nominate two justices per four-year...
  • FTC Prepares Possible Antitrust Lawsuit Against Facebook, Source Says

    09/15/2020 8:48:39 PM PDT · by rdl6989 · 14 replies
    Yahoo Finance ^ | September 15, 2020 | David McLaughlin
    - U.S. competition enforcers are preparing a possible antitrust lawsuit against Facebook Inc., according to a person familiar with the matter. The Federal Trade Commission has been investigating Facebook for more than a year over whether the social media giant has harmed competition and could file a case by the end of the year, said the person, who was granted anonymity because the inquiry is confidential. No final decision has been made, the person added. A lawsuit by the FTC would mark another major escalation by U.S. officials in their campaign against America’s technology giants, which have come under intense...
  • FTC investigating Twitter for alleged misuse of user data

    08/04/2020 8:48:33 AM PDT · by bitt · 4 replies
    stripes.com ^ | 8/3/2020 | KURT WAGNER, BEN BRODY
    Twitter is being investigated by the Federal Trade Commission for alleged privacy violations, another setback for a company that has struggled in recent years to protect private user data and account security. The FTC is probing the company for using phone numbers uploaded for security purposes to target people with advertising — a potential violation of a 2011 consent decree in which Twitter agreed to better protect personal data, the company said Monday in a regulatory filing. The probe may lead to a "probable loss" of $150 million to $250 million, the San Francisco-based company said. "The matter remains unresolved...
  • FTC may depose top Facebook leaders in antitrust probe

    07/18/2020 6:21:32 AM PDT · by RandFan · 8 replies
    The Hill ^ | 07/18/20 09:02 AM EDT | BY TAL AXELROD
    The Federal Trade Commission (FTC) is reportedly mulling deposing Facebook head Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg as it probes whether the social media giant violated antitrust laws. People familiar with the matter told The Wall Street Journal and Fox Business that the FTC is mulling calling Zuckerberg and Sandberg, and that some top officials at Facebook are preparing for possible summons. However, the company appears focused on Zuckerberg’s appearance at the end of the month in front of the House Judiciary antitrust subcommittee where he and other top tech executives will testify. “We look forward to sharing...
  • Hedge fund boss Bill Ackman makes $2.6BILLION by betting AGAINST the markets just days after stoking fears by giving emotional interview warning 'hell was coming' and begging Trump to shut down country over coronavirus pandemic

    03/26/2020 8:44:59 AM PDT · by C19fan · 43 replies
    UK Daily Mail ^ | March 26, 2020 | Rory Butler
    American hedge fund boss Bill Ackman has made $2.6 billion by betting against the markets just days after stoking fears by saying 'hell is coming' and begging President Donald Trump to shut down the country amid the coronavirus pandemic. The Pershing Square Capital Management hedge fund manager said his firm had made $2.6billion from a one-off bet that the coronavirus outbreak would cause a global market crash. His firm seized upon bond market turmoil during the coronavirus crisis in buying 'credit protection on various global investment grade and high-yield credit indices'.
  • Alex Jones Accused Of Selling Fake Coronavirus Cures

    03/13/2020 5:14:08 PM PDT · by nickcarraway · 55 replies
    News9 ^ | Friday, March 13th 2020
    Conspiracy theorist Alex Jones is the latest purveyor of silver-laced potions ordered to stop peddling fake cures for the coronavirus. Jones claimed on his radio show last week that his Silverblue toothpaste "kills the whole SARS-corona family at point-blank range," according to a news release on Thursday by New York Attorney General Letitia James. She ordered Jones to immediately refrain from selling the toothpaste and other products as cures on his website, InfoWars. "As the coronavirus continues to pose serious risks to public health, Alex Jones has spewed outright lies and has profited off of New Yorkers' anxieties," James, a...
  • FTC to Examine Past Acquisitions by Large Technology Companies - Agency Issues 6(b) Orders to Alphabet Inc., Amazon.com, Inc., Apple Inc., Facebook, Inc., Google Inc., and Microsoft Corp.

    02/12/2020 11:51:54 AM PST · by ransomnote · 12 replies
    ftc.gov ^ | Feb. 11, 2020 | FTC
    Note: The FTC will host a conference call for media with FTC Chairman Joe Simons:Date: Feb. 11, 2020Time: 1 p.m. ETCall-in: 877-226-8216, confirmation number 4193234Call-in lines, which are for media only, will open 15 minutes prior to the start of the call.The Federal Trade Commission issued Special Orders to five large technology firms, requiring them to provide information about prior acquisitions not reported to the antitrust agencies under the Hart-Scott-Rodino (HSR) Act. The orders require Alphabet Inc. (including Google), Amazon.com, Inc., Apple Inc., Facebook, Inc., and Microsoft Corp. to provide information and documents on the terms, scope, structure, and purpose of transactions...
  • DOJ and FTC Announce Draft Vertical Merger Guidelines for Public Comment

    01/11/2020 1:48:54 PM PST · by ransomnote · 7 replies
    justice.gov ^ | January 10, 2020 | DOJ
    Department of JusticeOffice of Public Affairs FOR IMMEDIATE RELEASEFriday, January 10, 2020The Department of Justice today withdrew the 1984 DOJ Non-Horizontal Merger Guidelines, and, together with the Federal Trade Commission (FTC), released new draft 2020 Vertical Merger Guidelines (draft guidelines) and seek public comment. The draft guidelines, open to comment for 30 days, describe how the federal antitrust agencies review vertical mergers to evaluate whether the mergers violate antitrust law. Vertical mergers combine two or more companies that operate at different levels in the same supply chain. The draft guidelines outline the agencies’ principal analytical techniques, practices, and enforcement policy for vertical...
  • Facebook CEO Zuckerberg dines with senators in DC

    09/19/2019 7:36:39 AM PDT · by C19fan · 26 replies
    Reuters ^ | September 18, 2019 | David Shepardson
    Facebook (FB.O) Chief Executive Mark Zuckerberg met with a half-dozen U.S. senators on Wednesday for dinner as the company seeks to boost its reputation in Washington. The social media giant has been under fire on a number of fronts for more than a year and faces antitrust investigations by the Federal Trade Commission and a number of state attorneys general as well as numerous legislative proposals that seek to restrict how it operates.
  • Stop mental health data mining of our kids…and deplatform Google from public schools!

    09/05/2019 5:25:06 PM PDT · by DFG · 19 replies
    michellemalkin.com ^ | 09/04/2019 | Michelle Malkin
    No, no, no. Hell, no! That’s my response to the latest trial balloon floated by the White House to join with Silicon Valley on a creepy program monitoring Americans’ “neurobehavioral signs” to (purportedly) prevent gun violence. President Donald Trump’s old friend, former NBC head Bob Wright, has been pushing an Orwellian surveillance scheme called “Safe Home” — “Stopping Aberrant Fatal Events by Helping Overcome Mental Extremes” — that would cost taxpayers between $40 million and $60 million. The Washington Post, owned by Amazon billionaire founder Jeff Bezos, reports that the plan could incorporate “Apple Watches, Fitbits, Amazon Echo and Google...
  • White House proposal would have FCC and FTC police alleged social media censorship

    08/12/2019 2:21:17 PM PDT · by ransomnote · 22 replies
    www.cnn.com ^ | August 10, 2019 | Brian Fung
    Washington (CNN Business)A draft executive order from the White House could put the Federal Communications Commission in charge of shaping how Facebook (FB), Twitter (TWTR) and other large tech companies curate what appears on their websites, according to multiple people familiar with the matter. The draft order, a summary of which was obtained by CNN, calls for the FCC to develop new regulations clarifying how and when the law protects social media websites when they decide to remove or suppress content on their platforms. Although still in its early stages and subject to change, the Trump administration's draft order also calls for the Federal Trade Commission...
  • Facebook co-founder working with government officials to build anti-trust case against site

    07/25/2019 4:52:34 PM PDT · by yesthatjallen · 20 replies
    The Hill ^ | 07/25/19 | Jessica Campisi
    Facebook co-founder Chris Hughes reportedly met with the Department of Justice, the Federal Trade Commission (FTC) and multiple state attorneys general in recent weeks to discuss breaking up Facebook. Hughes and two prominent antitrust academics, Scott Hemphill and Tim Wu, met with federal and state officials and have laid out a possible antitrust case against the social media giant, The New York Times reported Thursday. The group argues that Facebook has made “serial defensive acquisitions” to maintain its control over the market and allow the company to hike up advertising prices while also lowering the quality of the user experience,...
  • Equifax to pay up to $650 million in data breach settlement after personal information [tr]

    07/22/2019 8:53:33 AM PDT · by C19fan · 29 replies
    UK Daily Mail ^ | July 22, 2019 | Staff
    Equifax will pay up to a record $650million to settle US federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The largest-ever settlement for a data breach draws to a close multiple probes into Equifax by the Federal Trade Commission, the Consumer Financial Protection Board (CFPB) and nearly all state attorneys general. It also resolves pending class-action lawsuits against the company. 'This company´s ineptitude, negligence, and lax security standards endangered the identities of half the US population,' New York Attorney General Letitia James said in a statement.
  • Facebook slapped with highest fine in history

    07/13/2019 2:30:15 PM PDT · by Eleutheria5 · 43 replies
    Arutz Sheva ^ | 13/7/19
    The Federal Trade Commission (FTC) has voted to approve fining Facebook approximately $5 billion as a penalty for the company's privacy violations in the Cambridge Analytica scandal, The Guardian reported. According to the Washington Post, an anonymous source familiar with the issue said Friday that the settlement was approved 3-2, and that the Justice Department is expected to approve the move. In addition to the fine, which would be the highest ever levied by the FTC against a technology company and the highest ever levied for a privacy violation, Facebook will reexamine how it handles user data. The Washington Post...
  • Facebook to be slapped with $5 billion fine for privacy lapses, say reports

    07/12/2019 4:34:55 PM PDT · by Jyotishi · 19 replies
    CNBC ^ | Friday, July 12, 2019 | Salvador Rodriguez
    The Federal Trade Commission announced a settlement with Facebook over the company's 2018 Cambridge Analytica scandal. The fine represents the largest ever imposed by the FTC against a tech company. The FTC began probing Facebook in March 2018 following reports that political consulting firm Cambridge Analytica had improperly accessed the data of 87 million Facebook users. Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018 in Washington, DC. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Trade Commission approved an...
  • FTC votes to approve $5 billion settlement with Facebook in privacy probe

    07/12/2019 4:42:39 PM PDT · by navysealdad · 11 replies
    The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook that could end an investigation into its privacy practices, according to a person familiar with the matter but not authorized to speak on the record, a deal that could result in unprecedented government oversight of the company. The settlement -- adopted with the FTC’s three Republicans supporting it and two Democrats against it -- could end a wide-ranging probe into Facebook’s mishandling of users’ personal information that began more than a year ago.
  • Project Veritas Exposes How Google Gives Billions of in-Kind Value to the Democrat Party

    06/26/2019 4:58:02 AM PDT · by EyesOfTX · 27 replies
    DB Daily Update ^ | David Blackmon
    Today’s Campaign Update (Because The Campaign Never Ends) The folks at Project Veritas have done God’s work one more time. – This time they have gotten the smoking gun on Google’s Orwellian efforts to not only control Americans’ political opinions, but to actually control their entire thought processes to favor the Democrat Party and its candidates. Here is the video in its entirety: The video features two people: The first is Jen Gennai, head of Google’s “Responsible Innovation” team – an Orwellian name in and of itself, given what they actually do – bragging about how her team and indeed,...
  • ‘Dark patterns’ are steering many internet users into making bad decisions

    06/25/2019 8:30:01 AM PDT · by Mariner · 28 replies
    LA Times ^ | June 25th, 2019 | By David Lazarus
    Even if you’ve never heard the phrase “dark patterns,” you’re almost certainly familiar with them. They’re the sneaky ways online companies trick you into agreeing to stuff you’d normally never assent to. Classic example: You encounter a prompt asking if you want to sign up for some program or service, and the box is already checked. If you don’t uncheck it — that is, if you do nothing — you’re enrolled. A bipartisan bill has been introduced in Congress that would prohibit websites and online platforms (hi, Facebook!) from employing such deliberately deceptive tactics, and would empower the Federal Trade...
  • DHILLON: Trump Delivers The Google-Facebook Reckoning That Obama Refused

    06/06/2019 7:58:30 PM PDT · by malach · 99 replies
    The Daily Caller ^ | 06.06.19 | Harmeet Dhillon
    Big Tech’s day of reckoning has finally arrived. Both of the major antitrust enforcement agencies of the executive branch of the federal government are stepping into the fray, with the Department of Justice reportedly preparing for an investigation of Google parent Alphabet, Inc. and the Federal Trade Commission (FTC) doing the same for social media giant Facebook. The decision by President Trump and Attorney General William Barr to clear their regulators for action is a watershed moment, both in the history of antitrust law and in the evolution of Silicon Valley’s relationship with American society. After years in which the...
  • FTC tells ISPs to disclose exactly what information they collect

    04/02/2019 9:52:55 AM PDT · by Openurmind · 5 replies
    Tech Crunch ^ | 3/26/19 | Devin Coldewey
    The Federal Trade Commission, in what could be considered a prelude to new regulatory action, has issued an order to several major internet service providers requiring them to share every detail of their data collection practices. The information could expose patterns of abuse or otherwise troubling data use against which the FTC — or states — may want to take action. The letters requesting info (detailed below) went to Comcast, Google, T-Mobile and both the fixed and wireless sub-companies of Verizon and AT&T. These “represent a range of large and small ISPs, as well as fixed and mobile Internet providers,”...