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Federal Trade Commission

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."
8:50 a.m. June 15, 2021 - By Robert Schroeder
Big Tech critic Lina Khan confirmed to Federal Trade Commission by SenateThe Senate on Tuesday confirmed Lina Khan, a critic of Big Tech companies, to the Federal Trade Commission in a 69-28 vote. The 32-year-old Khan currently teaches at Columbia Law School and is well known for a paper on Amazon.com Inc. and antitrust. In her confirmation hearing in April, Khan signaled she would toward tech giants.
7:50 a.m. April 27, 2021 - By Victor Reklaitis
All of President Biden’s key executive orders — in one chart Memorandums, proclamations, other executive actions also deployed Memorandums, proclamations, other executive actions also deployed As people and markets around the world adjust to having Joe Biden as U.S. president, a key factor is what the veteran Democratic politician aims to accomplish without having to work with Congress.
11:32 a.m. March 22, 2021 - By Robert Schroeder
Biden to nominate antitrust expert Lina Khan as FTC commissionerPresident Joe Biden announced Monday he'll nominate Lina Khan as a commissioner of the Federal Trade Commission. Khan is currently an associate professor at Columbia Law School, specializing in antitrust, infrastructure industries law and the antimonopoly tradition, the White House said. Khan previously advised the U.S. House Judiciary Committee's antitrust subcommittee.
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.
4:02 p.m. Sept. 15, 2020 - By Jon Swartz
Sacha Baron Cohen, Kim Kardashian West and other celebrities have declared open season on Facebook Sacha Baron Cohen and his celebrity brethren have a bone to pick with Facebook Inc. over misinformation and hate on its sprawling digital platforms.Sacha Baron Cohen and his celebrity brethren have a bone to pick with Facebook Inc. over misinformation and hate on its sprawling digital platforms.
3:43 p.m. Sept. 15, 2020 - By Jeremy C. Owens
Facebook stock falls after report of potential for FTC antitrust lawsuit this yearFacebook Inc. shares fell 3% in after-hours trading Tuesday after a report that the Federal Trade Commission is preparing to file an antitrust lawsuit against the social-media giant. that the FTC is considering filing the suit by the end of the year, based on unnamed sources. The Journal reported that Facebook Chief Executive Mark Zuckerberg has testified to FTC staff in the investigation, which the Journal noted could still end without charges as the five-member commission has to vote on filing the lawsuit. Facebook with the Securities and Exchange Commission that it is under investigation by the FTC and the Justice Department for potential antitrust charges. Facebook stock closed Tuesday with a 2.4% gain at $272.42, then ducked lower than $265 in after-hours trades following the release of the report.
3:35 p.m. Sept. 15, 2020 - By Brent Kendall
FTC antitrust suit against Facebook could come by year’s end Government preparing possible lawsuit after investigation into whether social-media giant stifles competitionThe Federal Trade Commission is preparing a possible antitrust lawsuit against Facebook Inc. that it could file by the end of the year, according to people familiar with the matter, in a case that would challenge the company’s dominant position in social media.
4:19 a.m. Sept. 12, 2020 - By Jon Swartz
Big Tech is turning on one another amid antitrust probes and litigation Facebook and Microsoft are mad at Apple, Google and Amazon are being targeted by high-profile tech execs, and everybody wonders why Microsoft is avoiding any scrutiny“Battle royale” evokes images of professional wrestlers engaged in a free-for-all brawl in which combatants eventually turn on one another until there is an eventual winner. With apologies to Hulk Hogan and Andre the Giant, Big Tech is taking on the same trappings as companies turn on one another amid multiple antitrust investigations and issues.
6:27 p.m. Sept. 4, 2020 - By Jon Swartz
Facing immense pressure, Facebook had no choice but to ban new political ads week before electionFacebook Inc.’s first action to limit political advertising in the U.S. with a ban of news ads in the week preceding the Nov. 3 elections comes amid unrelenting criticism that its platform fuels misinformation and is a haven for far-right groups.
6:48 a.m. Aug. 28, 2020 - By Leslie Albrecht
These ‘We Build the Wall’ donors say they aren’t victims of fraud: ‘I hope I get to donate again’ Federal prosecutors allege that former Trump adviser Steve Bannon and other leaders of the online fundraising campaign duped donors and took more than $1 million in donation money for their own useFederal prosecutors allege that former Trump adviser Steve Bannon and other leaders of the online fundraising campaign duped donors and took more than $1 million in donation money for their own use.
5:27 a.m. Aug. 22, 2020 - By Jon Swartz
Will videogames be the Achilles heel for Apple, Google in antitrust investigations? As gaming has grown in stature during the pandemic, it has highlighted the extraordinary grip Big Tech has over the everyday lives of Americans. So much so, it just might lead to breakthroughs in antitrust investigations“This is an inflection point, and the start of a long-running debate on how these platforms push us right to the edge of what we are willing to pay,” James Currier, managing partner at NFX, a Silicon-Valley-based venture capital firm.
6:51 a.m. Aug. 18, 2020 - By Jon Swartz
‘Fortnite’s’ impact could be Epic on antitrust investigations of Big TechPrivately held Epic could prove to be Apple’s most dangerous antagonist, both financially and symbolically.
8:33 a.m. Aug. 15, 2020 - By Andrew Keshner
If you didn’t get a $500 stimulus check for your child, it should be coming soon The IRS is correcting oversights due to a programming error — but a watchdog is complaining some will still have to wait The IRS is correcting oversights due to a programming error — but a watchdog is complaining some will still have to wait.
1:32 p.m. Aug. 11, 2020 - Associated Press
Appeals court overturns antitrust ruling against Qualcomm, in big win for chip maker Earlier ruling would have severely undercut its businessA federal appeals court has overturned an antitrust ruling against Qualcomm, dismissing arguments that it unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple.
9:02 a.m. Aug. 11, 2020 - By Wallace Witkowski
Qualcomm stock rallies on report of appeals court tossing out antitrust rulingQualcomm Inc. shares rallied Tuesday following a report that a U.S. appeals court overturned an antitrust ruling against the chip maker Qualcomm shares, which had earlier had been trading around $107, rallied 4.5% to $111.13 in recent trading after touching an intraday high of $112.01. On Tuesday, a federal appeals court tossed out a trial judge's ruling on the basis that the government hadn't proved Qualcomm had an illegal monopoly. Back in May, a federal judge sided with the Federal Trade Commission in an antitrust suit against Qualcomm, .
9:20 a.m. Aug. 4, 2020 - By Jon Swartz
Antitrust questions bruise but don’t break Big Tech CEOs in historic hearing After three hours of questions, expert calls hearing ‘a mix of antitrust ambush and political grandstanding’It was a bruising day tech’s biggest names on Capitol Hill.
4:21 a.m. July 30, 2020 - By Therese Poletti
Big Tech painted as the railroad barons of the digital age in antitrust hearing Alphabet receives the most vitriol, but Apple, Amazon and Facebook don’t escape unscathed as we await the next moveFor the most part — if you could tune out the political grandstanding that had nothing to do with antirust — the Congressional hearing on Big Tech gave many pointed examples of how four of the biggest tech companies in the U.S. abuse their dominant power and thwart competition.
1:01 a.m. July 30, 2020 - By Erin Hurd
New spins on old credit card scams: What they are and how to avoid them Protect your identity and money—scammers are always lurking and ready to strikeKnowing how the most common scams work and how to avoid falling for them can keep your money and your identity safe.
4:19 a.m. July 29, 2020 - By Jon Swartz
Congress has a million-plus documents from Big Tech antitrust investigation, and are ready to grill big-name CEOs Bezos, Cook, Pichai and Zuckerberg will testify remotely Wednesday before House antitrust panelFor more than a year, the federal government has circled Big Tech and its business practices. On Wednesday, members of the House of Representatives will roll out evidence their staffs have found and put pressure directly on some of the most prominent executives in the world.
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