12:09 p.m. June 15, 2021
- By Victor Reklaitis
Big Tech critic Lina Khan to chair FTC: reportsLina Khan, a critic of Big Tech companies, is expected to chair the Federal Trade Commission, according to multiple published reports. The 32-year-old Khan, who was , currently teaches at Columbia Law School and is well known for a paper on Amazon.com Inc. and antitrust. Democratic Sen. Elizabeth Warren of Massachusetts praised the news , saying: "With Chair Khan at the helm, we have a huge opportunity to make big, structural change by reviving antitrust enforcement and fighting monopolies that threaten our economy, our society, and our democracy."
8:58 a.m. Feb. 4, 2021
- By Jon Swartz
Sen. Klobuchar introduces antitrust bill that would challenge big tech mergersSen. Amy Klobuchar (D., Minn.) on Thursday introduced a bill that would make it easier for the Justice Department and Federal Trade Commission to challenge tech mergers while also giving both agencies more money for staff. An aide for the newly-named chair of the Antitrust Subcommittee said the legislation won't single out big tech companies like Apple Inc. , Alphabet Inc. , Amazon.com Inc. and Facebook Inc. already under investigation for their business practices. Every deal will be subject to the new standard, which conceivably would impact the entire tech industry.
6:20 a.m. Feb. 2, 2021
- By Tomi Kilgore
Amazon to pay $61.7 million to settle FTC charges that it didn't pay Flex drivers all their tipsAmazon.com Inc. agreed to pay more than $61.7 million to settle charges by the Federal Trade Commission, which alleges the ecommerce giant failed to pay Amazon Flex drivers the full amount of tips received over a 2 1/2-year period. The FTC said Amazon only stopped its behavior after the company became aware of an investigation in 2019. "Rather than passing along 100% of customers' tips to drivers, as it had promised to do, Amazon used the money itself," said Daniel Kaufman, Acting Director of the FTC's Bureau of Consumer Protection. "Our action today returns to drivers the tens of millions of dollars in tips that Amazon misappropriated, and requires Amazon to get drivers' permission before changing its treatment of tips in the future." Amazon's stock rose 1.7% in morning trading, while the S&P 500 gained 1.6%.
6:51 a.m. Dec. 27, 2020
- By Quentin Fottrell
My aunt stole my mother’s Social Security, and persuaded my elderly father to sign over power of attorney ‘My father was recently very sick and in the hospital, and he was not in his right mind’‘My father was recently very sick and in the hospital, and he was not in his right mind.’
6:57 a.m. Dec. 19, 2020
- By Paul Brandus
Watch out for these pandemic and holiday scams Bad guys don’t take a holidayBad guys don’t take a holiday
8:54 a.m. Nov. 13, 2020
- By Jon Swartz
FTC chairman warns of antitrust threat as Facebook braces for actionIn a speech that could foreshadow antitrust action against Facebook, Federal Trade Commission Chairman Joe Simons warned Thursday that antitrust regulators should be concerned about dominant companies scooping up startups that are competitive threats. "A monopolist can squash a nascent competitor by buying it, not just by targeting it with anti-competitive actions," Simons said at an American Bar Association conference. "It may be easier and more effective to buy the nascent threat, only if to keep it out of the hands of others." Facebook has been criticized for its acquisitions of Instagram and WhatsApp in building its market influence, according to legal experts and privacy advocates.
4:53 a.m. Oct. 17, 2020
- By Jonathan Burton
Jim Steyer: Only a breakup of Facebook and controls on social media can reduce disinformation and lies on the internet Neither Big Tech’s response nor the law have been strong enough to shield users from harm, says the founder of Common Sense MediaNeither Big Tech’s internal response nor the law have been strong enough to shield users from harm, says the founder of Common Sense Media.
4:48 a.m. Oct. 10, 2020
- By Jon Swartz
If the Democrats win the Senate, Big Tech better be ready for a bigger fight Senators set to become leaders under a Democrat majority have sought to establish new antitrust law, break up tech companies Democratic senators have signaled a willingness to make substantial changes to antitrust law and advocate breakups of the largest American tech companies, including campaigning for president on the issue. If the party can flip four seats, those same senators — such as Amy Klobuchar of Minnesota and Elizabeth Warren of Massachusetts — could be in position to act against some of their favorite targets, including Facebook Inc. and Google parent Alphabet Inc.
1:21 p.m. Oct. 1, 2020
- By Jon Swartz
Here’s where Biden and Trump stand on antitrust, social media and other tech issues No matter who wins the presidential race, expect Big Tech to continue to be a target for Republicans and Democrats alikePresident Donald J. Trump and former Vice President Joseph R. Biden Jr. don’t agree on many issues, but they do share a wariness toward Big Tech that should maintain or even escalate antitrust scrutiny of the largest U.S. tech companies no matter who wins on Nov. 3.
10:11 a.m. Oct. 1, 2020
- Associated Press
Senate committee set to subpoena Facebook’s Zuckerberg, Twitter’s Dorsey, Google’s Pichai Hate speech, misinformation and perceived political bias on the internet platforms to be topics explored in testimony by Silicon Valley titansHate speech, misinformation and perceived political bias on the internet platforms to be topics explored in testimony by tech titans.