FTC Fine

Walmart (NYSE:WMT) will pay a $100 million to settle a lawsuit that accuses the U.S. retailer of misleading its delivery drivers about their compensation, causing substantial income loss. The Federal Trade Commission (FTC) and 11 states lodged a case against Walmart, alleging the retailer misled...

Amazon.com Inc. (NASDAQ:AMZN) has agreed to pay $30.8 million in settlements with the Federal Trade Commission over allegations of spying on customers through Ring doorbell cameras and violating children’s privacy rights with Alexa recordings.  What Happened: In a shocking revelation, the FTC...

On Thursday, Kerrisdale Capital confirmed with Benzinga a new long position in Lifelock Inc (NYSE: LOCK), pushing shares up as high as 4 percent. The fund disclosed a passive position of ~2 percent of shares outstanding. Chief Investment Officer and founder Sahm Adrangi said the...