Federal Trade Commission

Uber Technologies Inc (NYSE:UBER) has turned profits as of late, helped in part by its “Uber One” subscription. However, the Federal Trade Commission (FTC) is reportedly investigating the company over an alleged breach of consumer protection laws. What Happened: The FTC opened the...

U.S. Representative Alexandria Ocasio-Cortez (D-N.Y.) has staunchly defended Federal Trade Commission Chair Lina Khan, amidst calls for her removal. What Happened: On Wednesday, Ocasio-Cortez responded to a post from Semafor domestic policy & politics reporter Joseph-Zeballos-Roig suggesting...

Amazon.com Inc (NASDAQ:AMZN) secured a partial dismissal in a lawsuit filed by the U.S. Federal Trade Commission on Monday. The FTC accused Amazon of maintaining illegal monopolies. What Happened: The FTC’s lawsuit claims Amazon employs anti-competitive practices to dominate online...

Antitrust regulators are set to prevent Hess Corp. (NYSE:HES) CEO John Hess from joining the board of Chevron Corp. (NYSE:CVX) as part of a $53-billion merger deal. What Happened: Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on...

The Federal Trade Commission (FTC) is intensifying its efforts to combat deceptive practices linked to artificial intelligence through a new initiative called Operation AI Comply. The initiative targets companies that misuse AI to engage in misleading conduct that harms consumers. FTC Chair Lina M...

Federal Trade Commission (FTC) Chair Lina Khan has raised concerns about the potential misuse of AI by airlines to charge higher prices for passengers attending funerals. What Happened: Speaking at the 2024 Fast Company Innovation Festival, Khan highlighted the risks AI poses in enabling fraud and...

U.S. antitrust authorities have reportedly initiated an early-stage investigation into NVIDIA Corp. (NASDAQ:NVDA) over its potential dominance in the artificial intelligence chip market. What Happened: The Justice Department’s antitrust division has contacted Nvidia to inquire about its...

Editor’s note: This story has been updated with a statement from Kroger. The Federal Trade Commission (FTC) has reached the halfway point in a trial where it is trying to convince an Oregon federal judge to grant an injunction that would prevent two of the largest grocers — The Kroger Co. (...

A federal judge has ruled against the Federal Trade Commission, stating that it lacks the authority to prevent companies from imposing noncompete agreements on their employees. What Happened: On Tuesday, Judge Ada Brown of the U.S. District Court for the Northern District of Texas declared that the...

The historic ruling against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is one of several in the Big Tech antitrust arena. Google, deemed monopolistic, violated antitrust laws with its search engine, Judge Amit Mehta ruled. Some experts say the verdict could affect similar lawsuits against other...

The U.S. Federal Trade Commission (FTC) has launched a lawsuit to halt the $8.5 billion acquisition of Capri Holdings Ltd. (NYSE:CPRI) by Tapestry Inc. (NYSE:TPR). What Happened: The FTC’s lawsuit, filed on Monday, contends that the proposed merger would eliminate direct competition between...

Meta Platforms Inc. (NASDAQ:META) has opposed the U.S. Federal Trade Commission’s (FTC) proposal to modify a 2020 privacy agreement. The company has justified its stance by highlighting its voluntary disclosure of technical glitches in the Messenger Kids app. What Happened: In a fling on...

The Federal Trade Commission (FTC) has implemented a new rule to combat the growing threat of impersonation scams, which cost victims an estimated $1.1 billion last year, “more than three times what consumers reported in 2020.” What Happened: The FTC’s new rule, which came into...

Avast, a prominent cybersecurity company, has been slapped with a $16.5 million fine by the Federal Trade Commission (FTC) for unlawfully selling user data. The company is also prohibited from selling user data for advertising and must delete all data obtained by its Jumpshot arm. What Happened:...

Technology giant Microsoft Corporation (NASDAQ:MSFT) made headlines in early 2023 with a $10-billion investment in OpenAI, the parent company of ChatGPT. A year later, Microsoft's partnership with OpenAI is drawing the attention of the U.S. Department of Justice and the Federal Trade Commission,...