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Sep 26 2023
News
17 states, including Minnesota, join FTC in massive antitrust lawsuit against Amazon
MINNEAPOLIS — Minnesota is among over a dozen states that are filing a sweeping antitrust suit against Amazon. The Federal Trade Commission and 17 state attorneys general on Tuesday filed a much-anticipated case against Amazon, alleging the retailing giant illegally wields monopoly power to maintain higher prices, harming customers and hurting rivals. "Our complaint lays out how Amazon has
CBS News (Online)Jul 11 2023
News
FTC Loses First Bid to Block Microsoft's Acquisition of Activision Blizzard
Barron'sDec 20 2023
News
Rite Aid 'left its customers facing humiliation,' says FTC as it hits chain with five-year facial-recognition ban
The Rite Aid drugstore chain has taken some richly deserved batterings recently. First, claims stemming from its over-prescription of opioids contributed to its bankruptcy two months ago. And now the company has been banned from using facial recognition in its store security systems for a whole five years, thanks to its enthusiastic demonstration of how to grossly misuse the technology. Rite
FortuneJun 12 2023
News
FTC to ask court to block Microsoft’s $69 billion Activision deal
The Federal Trade Commission plans to seek a restraining order to block Microsoft from closing its $69 billion purchase of the gaming company Activision Blizzard, the latest regulatory hurdle for the largest deal in the tech company’s history. Tech is not your friend. We are. Sign up for The Tech Friend newsletter. The agency plans to file for the order in Northern California District Court,
Washington PostDec 09 2022
News
FTC sues to block Microsoft’s acquisition of Activision Blizzard
The Federal Trade Commission on Thursday filed an antitrust case against Microsoft to challenge the software maker’s attempt to acquire video game publisher Activision Blizzard, claiming it would violate U.S. law.
This isn’t Microsoft’s first time dealing with competitive pressure. In 1998 the U.S. Justice Department filed a broad antitrust case against the company. Microsoft changed
CNBCJun 01 2023
News
Amazon's Ring used to spy on customers, FTC says in privacy settlement
A former employee of Amazon.com's Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the Federal Trade Commission said in a court filing on Wednesday when it announced a $5.8 million settlement with the company over privacy violations.
Amazon also agreed to pay $25 million to settle allegations it violated children's
ReutersJun 01 2023
News
Mitch McConnell’s plans for FTC nominee hit awkward bump: sources
Mitch McConnell has been notably discreet about his pick to fill an empty seat on the Federal Trade Commission — and some insiders say it’s not hard to see why.
Earlier this week, the Senate minority leader told the White House he plans to nominate James Lloyd, an associate deputy attorney general in Texas and antitrust hawk, as his pick for one of two vacant FTC commissioner roles,
New York Post (News)Jun 01 2023
News
Amazon will pay $25 million in FTC child data-privacy fine
Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids’ voice and location data recorded by its popular Alexa voice assistant. Separately, the company agreed to pay $5.8 million in customer refunds for alleged privacy violations involving its doorbell camera Ring.
Christian Science MonitorSep 26 2023
News
The FTC’s case against Amazon could set a dangerous precedent–and benefit other retailers
For several decades, the guiding principle in U.S. antitrust enforcement has been protecting the interests of consumers. Keeping the consumer welfare standard at the forefront of antitrust policy provides important benefits, including protecting consumers, promoting economically efficient outcomes, and imposing a disciplined structure on antitrust enforcement, which goes a long way toward
Fortune