FTC

Facebook Inc. (NASDAQ: FB) overpaid billions of dollars to the Federal Trade Commission in 2019 in order to protect CEO Mark Zuckerberg from personal liability related to the Cambridge Analytica data breach, the company's shareholders alleged in a pair of lawsuits. What Happened: One of the...

Facebook, Inc (NASDAQ: FB) shares traded higher on Monday, briefly reaching a $1 trillion market cap, after a judge dismissed two antitrust lawsuits against Facebook brought by the FTC and a coalition of U.S. states. Bank of America analyst Justin Post said the dismissals are a rare victory for big...

In 2012, Facebook Inc (NASDAQ: FB) held its highly anticipated initial price offering with the company valued at around $100 billion. Less than 10 years later, the company is now valued at over $1 trillion. What Happened: On Monday afternoon, Facebook's stock passed the $1 trillion market...

Facebook Inc (NASDAQ: FB) is trading higher after the federal court dismissed the Federal Trade Commission's antitrust lawsuit against the company. The FTC's antitrust complaint against Facebook could have resulted in the divestment of Instagram and WhatsApp. The federal court determined...

U.S. Republican Senator and harsh Big Tech critic Josh Hawley presented a bill that would prohibit every merger and acquisition by any company with a market value exceeding $100 billion, Reuters reports. The bill encompassed Apple Inc (NASDAQ: AAPL), Microsoft Corp...

Andrew Left Citron Research’s Andrew Left criticized insurance company Lemonade Inc (NYSE: LMND) on Friday, saying its stock multiple is based on empty marketing tactics. The Lemonade Bear Case: In a Twitter live video, Left dismissed Lemonade Inc's claims of bringing...

The United States Federal Trade Commission could unveil an antitrust lawsuit against Facebook Inc. (NASDAQ: FB) by the end of the year, the Wall Street Journal reported Tuesday. What Happened: The FTC has been looking into the social media platform for over a year. Some of the...

The Treasury Department said this week that tens of millions of Americans will receive cash transfers of up to $1,200 per individual plus $500 per child by the end of the day on Wednesday. The IRS started making direct stimulus deposits on Saturday for Americans that have account information on...

The United States Federal Trade Commission on Wednesday said that it had filed an administrative complaint against the $12.8 billion investment of Altria Group Inc. (NYSE: MO) in e-cigarette maker Juul Labs Inc. What Happened The investment, along with the associated agreements, violated the...

The United States Federal Trade Commission has ordered five technology behemoths to provide the information on every single acquisition they made between January 1, 2010 and December 31, 2019, not otherwise required by law. What Happened The agency announced Tuesday that it issued orders to...

The Federal Trade Commission potential move to block Facebook, Inc. (NASDAQ: FB) from combining its multiple apps into one is a "negative development" for the social media company, according to RBC Capital Markets' Mark Mahaney. Facebook Breakup Unlikely, Analyst Says  Facebook...

Match Group Inc (NASDAQ: MTCH) shares were trading lower after it emerged the Federal Trade Commission is suing the company for using fake love interest ads. The FTC alleges the company used fake love interest advertisements to trick hundreds of thousands of consumers into purchasing paid...

The U.S. Federal Trade Commission has been holding talks with current and former Facebook, Inc. (NASDAQ: FB) competitors as part of an ongoing investigation into the social media's business practices, sources close to the matter told The Wall Street Journal. What Happened Rival social media...