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Dec 08 2023
News
FTC Scrutinizing Microsoft-OpenAI Deal, Report Says
The Federal Trade Commission is scrutinizing the deal between Microsoft and OpenAI brokered on Nov. 22—which saw the tech giant gain a non-voting seat on OpenAI’s board and returned Sam Altman to his role as CEO. The FTC has begun preliminary inquiries into the Microsoft-OpenAI deal to ensure it did not violate antitrust laws, an unnamed source told Bloomberg. Microsoft owns 49% of OpenAI’s
ForbesJul 13 2023
News
Tech: All eyes on FTC
Two Republicans are waiting in the wings to join the FTC as it faces scrutiny for recent court losses and Democratic Chair Lina Khan defends the agency before Congress, Ashley writes. Driving the news: President Biden nominated Virginia solicitor general Andrew Ferguson and Utah solicitor general Melissa Holyoak to the FTC on July 3. Ferguson has a blue-chip conservative Republican legal
AxiosJan 23 2024
News
After FTC and TurboTax spar over definition of 'free,' agency drops the hammer on Intuit's misleading advertising claims
The Federal Trade Commission Monday took a shot at popular tax filing service TurboTax for “deceptive advertising” and formally banned the company from calling any of its products or services “free” unless they were free for all consumers. The regulatory agency, led by “competition cop” Lina Khan, wrote in a final opinion and order that the tax software company, a subsidiary of QuickBooks
FortuneSep 27 2023
News
5 Major Claims from the FTC's Lawsuit Against Amazon
Amazon faces a major legal challenge as the FTC unveils its 172-page lawsuit, alleging the e-commerce giant of employing anti-competitive practices and exploiting merchants on its platform. Breitbart News reported this week that the FTC and 17 states have filed a lawsuit against e-commerce giant Amazon, alleging the company engages in illegal conduct and monopolistic practices within its
Breitbart NewsSep 26 2023
News
FTC's Khan, critic of Big Tech, takes on Amazon
WASHINGTON, Sept 26 (Reuters) - Federal Trade Commission Chair Lina Khan - whose agency filed a long-awaited antitrust lawsuit against Amazon.com (AMZN.O) on Tuesday - published a major academic article in 2017 arguing the online retailer had escaped antitrust scrutiny. "With its missionary zeal for consumers, Amazon has marched toward monopoly by singing the tune of contemporary antitrust,"
ReutersJul 13 2023
News
ChatGPT creator OpenAI under investigation by FTC
OpenAI is under investigation by the Federal Trade Commission (FTC) over whether its artificial intelligence-powered tools including ChatGPT have harmed consumers.
In a letter sent to OpenAI, first reported by The Washington Post and confirmed by The Wall Street Journal, the FTC informed the company it is probing whether it has "engaged in unfair or deceptive" practices related to data
Fox BusinessJul 13 2023
News
S.F.’s OpenAI is reportedly under investigation by the FTC
San Francisco’s OpenAI, maker of the ChatGPT chatbot, is reportedly under investigation by the U.S. Federal Trade Commission. The Washington Post first reported the investigation. A letter, made public by The Post, that was sent to the company outlines concerns the federal regulator has with the safety threats posed by the company’s chatbots, and whether the company “has engaged in unfair and
San Francisco ChronicleSep 26 2023
News
FTC Case Against Amazon Hinges on ‘Online Superstore’ Label
The Federal Trade Commission’s case against Amazon.com Inc. hinges in part on putting the e-commerce giant in a class of its own: The Online Superstore. The 172-page case filed Tuesday seeks to differentiate the Seattle-based company from retail competitors that generate most of their sales at physical stores or from more niche-oriented websites. The FTC says these so-called online superstores
BloombergSep 26 2023
News
FTC Sues Amazon, Alleging Illegal Online-Marketplace Monopoly
The Federal Trade Commission and 17 states on Tuesday sued Amazon, alleging the online retailer illegally wields monopoly power that keeps prices artificially high, locks sellers into its platform and harms its rivals.
The FTC’s lawsuit, filed in Seattle federal court, marks a milestone in the Biden administration’s aggressive approach to enforcing antitrust laws and has been
Wall Street Journal (News)