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Jun 22 2023
News
The Federal Trade Commission's latest frivolous antitrust suit takes aim at Amazon
The Federal Trade Commission's (FTC) new antitrust lawsuit against Amazon is an amazing exercise in hubris and absurdity. In a complaint filed Wednesday, the agency alleges that Amazon's incredibly popular Prime program is a scam. Prime—a monthly or yearly subscription program that confers many benefits, including free shipping and tons of streaming content, to Amazon customers—is too easy to
ReasonSep 27 2023
Opinion
Lina Khan Isn’t Wrong About Amazon
Finally, it’s showtime. Ever since Joe Biden made the bold decision in 2021 to bring in Lina Khan, a 32-year-old law scholar at the time, to lead the Federal Trade Commission, it was known that Amazon.com Inc. would be in her sights. The antitrust case her agency filed on Tuesday, which targets the company’s top-to-bottom control of e-commerce, is the culmination of a yearslong investigation.
BloombergJun 01 2023
News
Amazon agrees to settle Alexa and Ring privacy violation lawsuits for $30 million
Amazon has agreed to pay over $30 million to settle two lawsuits filed against the retail giant, alleging privacy violations with its Alexa voice assistant and Ring doorbell camera.
On Wednesday, the Federal Trade Commission voted to file charges against Amazon in two separate cases. Both cases could force the online retailer turned major tech company to delete some data acquired
Fox BusinessJul 14 2023
News
Boss of Crypto Platform Celsius Arrested on Fraud Charges, Company Agrees to $4.7 Billion Settlement
Alex Mashinsky, the founder of Celsius Network, was arrested this week on federal securities fraud charges. The crypto lending platform also agreed to pay a $4.7 billion settlement to regulators over its past mistreatment of investors. The Wall Street Journal reports that Alex Mashinsky, the founder of Celsius Network, was arrested on federal securities fraud charges. The now-bankrupt crypto
Breitbart NewsJul 12 2023
News
F.T.C.’s Court Loss Raises Fresh Questions About Its Chair’s Strategy
Lina Khan became chair of the Federal Trade Commission two years ago on a promise to bring bold action against the biggest tech companies.
For too long, Ms. Khan said at the time, the agency had been a weak cop and needed to challenge behemoths like Microsoft, Amazon, Meta and Google in the courts to stem their growing power. Even if the F.T.C. lost the cases, she later added, they
New York Times (News)Jul 11 2023
News
US judge turns down challenge to Microsoft merger with Activision
Judge rejects challenge to $69bn acquisition in a blow to efforts to crack down on economic consolidation in tech sector. A United States judge has declined to block the tech giant Microsoft from acquiring the video game producer Activision — a setback for the administration of US President Joe Biden, which has sought to limit consolidation in the tech sector. In a ruling on Tuesday, District
Al JazeeraJul 11 2023
News
Judge denies Federal Trade Commission's request to block $69 billion Microsoft-Activision deal
A judge has ruled against the Federal Trade Commission's efforts to halt Microsoft's acquisition of video game company Activision Blizzard. Microsoft has been trying to buy Activision for nearly $69 billion since it announced the deal last year, but the FTC prevented the purchase from happening sooner. Judge Jacqueline Scott Corley in San Francisco issued her decision in favor of the Xbox
Washington ExaminerJul 11 2023
News
Activision Blizzard Stock Surges 11% After Judge Allows Microsoft Merger
Activision Blizzard’s stock price jumped more than 11% on Tuesday, after a federal judge paved the way for Microsoft to acquire the video game giant despite a federal lawsuit alleging the merger would stifle competition. At just over $92 per share, Activision Blizzard is still trading below the $95 per share that Microsoft offered to acquire the company—suggesting some investors are uncertain
ForbesJun 22 2023
News
Amazon accused of tricking consumers into Prime subscriptions, making it hard to cancel
Amazon was sued Wednesday by the Federal Trade Commission for allegedly engaging in a yearslong effort to enroll consumers without consent into Amazon Prime and making it difficult for them to cancel their subscriptions. In a complaint filed in the U.S. District Court for the Western District of Washington, the agency accused Amazon of using deceptive designs, known as “dark patterns,” to
The OregonianJun 21 2023
News
Amazon sued for allegedly signing customers up for Prime without consent
The Federal Trade Commission is suing Amazon for what it called a years-long effort to enroll consumers into Prime without their consent and making it difficult for them to cancel the subscription. In its complaint, filed in Washington state, the FTC accused Amazon of using deceptive designs to trick "millions" of consumers into enrolling in the program. The agency also said the option to
CBS News (Online)