OAKLAND, Calif. — Twitter said on Monday that it was under investigation by the Federal Trade Commission for potentially misusing people’s personal information to serve ads, adding that it faced fines of $150 million to $250 million. In a corporate filing, Twitter disclosed that the F.T.C. began the investigation last October after it had linked […]
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Throughout the hearing, the figures who really came off looking inept were the federal antitrust enforcement agencies—the Federal Trade Commission (FTC) and the Department of Justice (DOJ) antitrust division. These agencies already had most of the evidence Congress had on hand. Representative Jerrold Nadler presented an email showing Mark Zuckerberg bought Instagram out of fear […]
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At the “Online Platforms and Market Power” virtual antitrust hearing today, the House Judiciary Committee questioned Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg, and Google CEO Sundar Pichai over Webex. But they weren’t all questioned equally. Most of the questions were directed at Bezos, Zuckerberg, and Pichai — each of […]
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Amid the coronavirus pandemic, Congress’s attention will turn briefly to another matter: world domination. On Wednesday, the chief executives of Facebook, Amazon, Apple and Google’s parent company, Alphabet, will appear together to defend themselves in a continuing inquiry into their market power by the congressional subcommittee focused on antitrust. The virus’s reach means Mark Zuckerberg […]
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It was at least the fourth time since the start of the Trump administration that Syracuse University’s Transactional Records Access Clearinghouse (TRAC), which compiles the data from requests under the Freedom of Information Act, had announced an all-time low in the number of federal white-collar prosecutions. The decline was the continuation of a trend that […]
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