Tag: Federal Trade Commission

A Century After Phony Flu Ads, Companies Hype Dubious Covid Cures

With a pandemic raging, a spate of ads promised dubious remedies in the form of lozenges, tonics, unguents, blood-builders and an antiseptic shield to be used while kissing. That was in 1918, during the influenza outbreak that eventually claimed an estimated 50 million lives, including 675,000 in the United States. More than a century later, […]

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Google’s Legal Peril Grows in Face of Third Antitrust Suit

More than 30 states added to Google’s mushrooming legal woes on Thursday, accusing the Silicon Valley titan of illegally arranging its search results to push out smaller rivals. One day after 10 other states accused Google of abusing its dominance in advertising and overcharging publishers, and two months after the Justice Department said the company’s […]

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The Trustbusters Come for Facebook. Finally.

Facebook, like other big tech firms, has sought to maintain its dominance, and to keep profits rolling in, by gobbling up any upstarts that have threatened its market power. The company’s view of competition can be summed up by an email sent in 2008 by its chief executive and founder, Mark Zuckerberg: “It is better […]

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‘It’s Hard to Prove’: Why Antitrust Suits Against Facebook Face Hurdles

One challenge the F.T.C. will face is explaining why it decided not to block Facebook’s acquisitions of Instagram in 2012 and WhatsApp in 2014. Those deals, which took place during the Obama administration, were vetted with market analysis at the time for how they might affect competition. The acquisitions ultimately proceeded. “It should be assumed […]

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Facebook Accused of Breaking Antitrust Laws

WASHINGTON — The Federal Trade Commission and more than 40 states accused Facebook on Wednesday of becoming a social media monopoly by buying up its rivals to illegally squash competition, and said the deals that turned the social network into a behemoth should be unwound. Federal and state regulators, who have been investigating the company […]

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Work-From-Home Scheme Targeting Latinas Netted $7 Million, U.S. Says

The federal government has sued a Los Angeles County telemarketing company that officials said had reaped $7 million by making false promises of work-from-home opportunities to female viewers of Spanish-language television stations, exploiting their economic insecurity — and later, their worries over the coronavirus pandemic. The company, Moda Latina BZ, made false representations in television […]

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Biden Is Expected to Keep Scrutiny of Tech Front and Center

WASHINGTON — The tech industry had it easy under President Barack Obama. Regulators brought no major charges, executives rotated in and out of the administration, and efforts to strengthen privacy laws fizzled out. The industry will have it much harder under president-elect Joseph R. Biden Jr. Bipartisan support to restrain its power has grown sharply […]

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A Biden Win Could Renew a Democratic Split on Trade

WASHINGTON — Joseph R. Biden’s presidential campaign has unified the Democratic Party around a shared goal of ousting President Trump from office. But as the campaign nears an end, a deep split between progressives and moderate Democrats on trade policy is once again spilling out into the open. As the Biden transition team begins gearing […]

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Trump Allies Amp Up Fight Over Tech’s Legal Shield Before Election

WASHINGTON — In September, the White House nominated a lawyer to be a commissioner on the Federal Communications Commission. One line on his résumé: aiding the administration’s push to limit an important legal shield for Silicon Valley companies. That same month, the Justice Department sent Congress a detailed proposal for how to change the law […]

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Are ‘Kidfluencers’ Making Our Kids Fat?

Parents beware: Many YouTube channels that are wildly popular with young children are targeting them with thinly veiled ads for sugary beverages and junk food. That is the conclusion of a new study published on Monday in the journal Pediatrics. The authors of the study analyzed over 400 YouTube videos featuring so-called kid influencers — […]

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F.T.C. Decision on Pursuing Facebook Antitrust Case Is Said to Be Near

WASHINGTON — The Federal Trade Commission is moving closer to a decision about filing an antitrust lawsuit against Facebook for its market power in social networking, according to two people with knowledge of the agency’s talks. The five members of the F.T.C. met on Thursday to discuss its investigation into Facebook and whether the company […]

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The Government’s Lawsuit Is Unlikely to Dethrone Google

The Justice Department took a big swing at Google this week, alleging in a lawsuit that it violated antitrust law by stifling competition, particularly with its search engine and lucrative advertising business. It’s a compelling case, positioning Google as an anticompetitive behemoth that suppresses would-be rivals through exclusive deals and runs up prices for marketers […]

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The Justice Dept.’s Lawsuit Against Google: Too Little, Too Late

It might seem a Silicon Valley cliché, but it was a garage — a pretty dumpy one for those who got to visit it just over two decades ago — that served as the birthplace of what the U.S. government today is calling a crippler of competition, a reducer of consumer choice and a stifler […]

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American Consumers Have Lost $145 Million to Coronavirus Fraud

Americans have lost more than $145 million to fraud related to the coronavirus, according to the Federal Trade Commission, which said it had fielded more than 200,000 complaints from consumers. Schemes related to the coronavirus peaked in the spring, and they focused on federal stimulus payments and other forms of financial relief, personal protective equipment, […]

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Cash in Your Chips: Automakers Ask FTC to Seek Appeal After Losing Qualcomm Case

<img data-attachment-id="1732976" data-permalink="https://www.thetruthaboutcars.com/2020/08/cash-in-your-chips-automakers-ask-ftc-to-seek-appeal-after-losing-qualcomm-case/shutterstock_1369505351/" data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351.jpg" data-orig-size="1000,681" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="Qualcomm sign" data-image-description=" Michael Vi/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-450×306.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-610×415.jpg” class=”aligncenter size-large wp-image-1732976″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-610×415.jpg” alt width=”610″ height=”415″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-610×415.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-75×51.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-450×306.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-768×523.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351-120×82.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2020/08/shutterstock_1369505351.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> Frequently on the cutting edges of technology, the automotive industry has been slamming chips into vehicles to […]

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Mark Zuckerberg Questioned Under Oath in F.T.C. Antitrust Inquiry

WASHINGTON — Mark Zuckerberg, Facebook’s chief executive, answered questions under oath on multiple days this week as part of the Federal Trade Commission’s inquiry into whether the company broke antitrust laws, the company said on Thursday. The interview with Mr. Zuckerberg, reported earlier by Politico, was the first known time that regulators directly questioned a […]

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A Third of TikTok’s U.S. Users May Be 14 or Under, Raising Safety Questions

If Microsoft or another company buys TikTok before President Trump bans the Chinese-owned video app on national security grounds, it will acquire a giant community of devoted fans and a lucrative platform for selling ads. It might be buying something else, too: a big population of users ages 14 and under. The minimum age for […]

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F.T.C. Investigating Twitter for Potential Privacy Violations

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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The Future of Trust-Busting Is in Joe Biden’s Hands

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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Antitrust hearing: Amazon, Facebook, and Google were questioned 2x more than Apple

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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How to Hold Big Tech’s Feet to the Fire

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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There’s Never Been a Better Time to Be a White Collar Criminal

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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