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The Latest Breaking News from Federal Trade Commission

Elon Musk Furious at Powerful Regulator Probing Twitter 2.0 Practices

The U.S. Federal Trade Commission is investigating Twitter's privacy and security practices since the billionaire acquired the platform.

The Street

US govt agency intensifies probe into Twitter users' data protection

A US congressional report reveals the Federal Trade Commission has made repeated requests for internal communications related to Twitter owner Elon Musk. The agency is concerned that the layoffs at the social media company since he took over could have jeopardised users' data protection. Also in the show, we look…

France 24

Biden's former antitrust guru issues a warning

The movement is at a high-water mark, says former White House adviser Tim Wu — but it can't count on Congress for whatever comes next.

Politico

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Federal Trade Commission Attempting A Lawsuit Against Microsoft Over Antitrust Issues

PlayStation owner Sony Group Corp has been vocal in its attempt to block rival Microsoft Corporation buying Activision Blizzard.

Zenger

Las Vegas Strip Casino Leaders Push Back Against Regulation Efforts

President Biden has pledged to get rid of junk fees and that has a number of Las Vegas operators up in arms.

The Street

FTC Investigating, but Not Thwarting, Amazon Acquisition of One Medical

Since the Federal Trade Commission didn't sue in time, the deal went through. But will FTC Chair Lina Khan keep trying to attack Amazon for its bigness?

Reason

FTC Commissioner Resigns To Protest Agency's 'Disregard for the Rule of Law'

Chair Lina Khan has flouted the rule of law and due process, Commissioner Christine Wilson wrote.

Reason

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Biden's antitrust enforcer Khan hit by resignation

Washington (AFP) - A top competition enforcer for US President Joe Biden was accused Tuesday of abusing her power and bias against big tech as the last remaining Republican resigned from the Federal Trade Commission.

AFP

FTC Chair's Activism Prompts a Commissioner to Resign

FTC Commissioner Christine WIlson is resigning from the Commission. (Updated)

Reason

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

Asharq Al-Awsat

Even after you think you bought a car, dealerships can 'yo-yo' you and take it back

NPR investigated a practice called a yo-yo sale and found it's hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

WEKU

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

The Independent UK

Kimberly Palmer: How to safely use payment apps

Scams are common on peer-to-peer payment apps, but you can keep your money safe by avoiding questionable payment requests that may be fraudulent, only sending money to people you know and upgrading your privacy settings

The Independent UK

AI rockets ahead in vacuum of U.S. regulation

Thanks to ChatGPT, AI is getting fast-tracked by tech companies way ahead of efforts to establish rules and guide rails.

Axios

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Tribune News Service

Sen. Chuck Schumer demands FTC crackdown on assault weapons marketed to kids

WASHINGTON — Senate Majority Leader Chuck Schumer and fellow Democrats are demanding that the Federal Trade Commission clamp down on a gun manufacturer for marketing a mini assault-style rifle to children.

Tribune News Service

White House directs FTC, CFPB to probe housing rental market practices

Landlords will face greater federal scrutiny from the Consumer Financial Protection Bureau, Federal Trade Commission and other agencies amid rapidly rising rents under a plan that President Joe Biden released Wednesday.

Fortune

The government is ganging up on Google. Why it might finally win this time

Federal and state officials from both sides of the aisle are taking aim at the Alphabet unit’s power over the ad market.

Roll Call

White House directs FTC, CFPB to probe housing rental market practices - Roll Call

The White House has directed the Consumer Financial Protection Bureau and the Federal Trade Commission to examine the housing rental market.

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The Independent UK

FTC asks judge to hold Martin Shkreli in contempt for breaking pharma ban

Shkreli received lifetime ban from industry over monopoly pricing on life-saving Daraprim drug

The Street

'Pharma Bro' Martin Shkreli Is Trying to Form a New Drug Company

The Federal Trade Commission is asking a federal judge to hold Martin Shkreli in contempt of court.

Chicago Tribune

Commentary: Eliminating noncompete contracts will empower employees and entrepreneurship

The Federal Trade Commission has proposed an imminent ban on noncompete contracts. Prohibiting these contracts is an important step toward assuring we still have access to the American Dream. It will help businesses innovate in our tight labor market, ensure workers are not stuck in dead-end jobs and make the…

Politico

The top Biden lawyer with his sights on Apple and Google

The DOJ’s Jonathan Kanter is taking on the tech giants and 40 years of Washington laissez-faire. But he may be stretching his own troops too thin.

Los Angeles Times

How to avoid getting tricked by the 'You're hired' scams

The number of job scams reported to the Federal Trade Commission has ballooned in recent years — from 7,324 in the third quarter of 2020 to 21,848 a year later.

WEKU

Many workers barely recall signing noncompetes, until they try to change jobs

Employers say that noncompete agreements are needed to protect trade secrets and investments. The FTC says they deprive workers of their economic liberties and has proposed a rule to ban them.

Tribune News Service

FTC ban may be test of bipartisan opposition to noncompete clauses

WASHINGTON — A proposal from the Federal Trade Commission to ban noncompete agreements aims to correct what some say is a harmful power imbalance between companies and employees, an issue prominent enough to have won over some members of the typically pro-business Republican Party.

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