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The Latest Breaking News from Federal Trade Commission

What Fortnite players, parents should know after Epic Games settles with FTC

RALEIGH, N.C. — This week, the Federal Trade Commission announced Cary-based Epic Games would pay more than half a billion dollars in fines — a record amount — for a series of violations involving its most popular game, Fortnite.

Tribune News Service

Zuckerberg testifies that Meta's lack of VR fitness app doesn’t keep him up at night

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg says the fact his company doesn’t have a virtual reality fitness app up doesn’t keep him up at night, but acquiring it would boost competition and improve such applications.

Tribune News Service

Could you be eligible for a Fortnite refund?

Epic Games has agreed to pay the Federal Trade Commission $520 million over allegations of privacy violations and unwanted charges. Nearly half of the money will go to refund consumers.

WEKU

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Why Does Funding Government Take $1.7 Trillion and 4,000 Pages?

Plus: Title 42 order termination is on hold, the FTC vs. Meta, and more...

Reason

Sixth Circuit finds constitutional flaw in ARPA Tax Cut Ban

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

Fortnite creator Epic Games to pay record FTC fine over violating children’s privacy

Epic Games, the creator of the popular video game Fortnite, has agreed to pay $520 million to the Federal Trade Commission over complaints that the company violated children’s privacy law and forced unintended purchases through trickery.

Tribune News Service

Twitter to ban accounts promoting some social media competitors

The move may raise eyebrows among regulators at the Federal Trade Commission.

Axios

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What social media regulation could look like: Think of pipelines, not utilities

Elon Musk’s takeover of Twitter, and his controversial statements and decisions as its owner, have fueled a new wave of calls for regulating social media companies. Elected officials and policy scholars have argued for years that companies like Twitter and Facebook – now Meta – have immense power over public…

The Conversation

‘We’re really worried’: US supermarket mega-merger raises mass layoff fears

Kroger and Albertsons seek deal through Federal Trade Commission but employees say previous merger experience has them deeply concerned

The Guardian - US

It's Far Past Time To Decriminalize Fentanyl Test Strips

Plus: Lawmakers "demanding action" against slurs on Twitter, FTC sues to stop Microsoft from buying Activision Blizzard, and more...

Reason

US sues to block Microsoft's takeover of Activision in blow to big tech

The US Federal Trade Commission has filed a formal complaint to stop Microsoft's $69 billion dollar acquisition of video game studio Activision. Also in the show: China and Saudi Arabia sign $30 billion in new contracts, and we see how Italy's pasta sector is under strain from high energy prices.

France 24

FTC Sues To Block Microsoft/Activision Merger As Analyst Says Only 30% Chance Deal Closes

Activision Blizzard fell after the Federal Trade Commission said it filed a lawsuit to block Microsoft's $69 billion takeover of the company.

Investors Business Daily

FTC sues to block the $69 billion Microsoft-Activision Blizzard merger

The Federal Trade Commission said Microsoft's planned takeover of the video game company could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business.

WEKU

Crypto pressure ratchets up as FTC probes several firms over ads

The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.

Tribune News Service

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Ballotpedia

The Daily Brew, December 2: An initiative in Nevada would let municipalities opt-out of county-based school districts

Welcome to the Friday, December 2, Brew.

Investors Business Daily

Dow Stock News: Apple Eyes Manchester United? FTC Seen Challenging Microsoft-Activision Deal

Apple reportedly is eyeing U.K. soccer giant Manchester United. The FTC may try to block Microsoft's planned Activision deal.

Ballotpedia

Checks and Balances November 2022

Tribune News Service

Commentary: Grocery store monopolies are bad news for shoppers

American families are heading into the end-of-year holidays facing sticker shock in the grocery aisles. Prices have jumped 13% over the past year, with even larger increases for staples like eggs, chicken and pork. Although inflation decreased slightly in October, it remains a top concern in public opinion polls for…

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Ballotpedia

Split-ticket voting for U.S. Senate and governor

Welcome to the Monday, November 14, Brew.

Tribune News Service

Supreme Court signals it may allow court challenges to SEC, FTC

The U.S. Supreme Court signaled it may open a new avenue for companies and people to fight off complaints by the Securities and Exchange Commission and Federal Trade Commission, hearing arguments in cases that could undercut the clout of two powerful market regulators.

Ballotpedia

Robe & Gavel November 7, 2022: Federal Judicial Vacancy Count released for Nov. 1

Welcome to the Nov. 7 edition of Robe & Gavel, Ballotpedia’s newsletter about the Supreme Court of the United States (SCOTUS) and other judicial happenings around the U.S.

Sports Illustrated

Report: Commanders Face Criminal Probe Into Alleged Financial Offenses

The inquiry reportedly stemmed from a congressional committee’s letter to the Federal Trade Commission.

Los Angeles Times

Are you the victim of identity theft? Here's what to do

My identity was stolen. It was a nightmare. And it could happen to you.

Los Angeles Times

California attorney general demands Albertsons delay $4 billion dividend ahead of possible Kroger merger

California Attorney General Rob Bonta and his peers in several other states demanded Wednesday that Albertsons Cos. delay paying a $4-billion dividend to investors until after the company's merger with rival supermarket chain Kroger Co. is reviewed by the Federal Trade Commission.

The Philadelphia Inquirer

A $4 billion payout: In Albertsons' sale, where is the grocery workers' cut?

If the Federal Trade Commission clears grocery giant Albertsons' $20 billion sale to Kroger on schedule next month, the private-equity investors who control this collection of U.S. grocery and drug store chains will have squeezed out profits nine times larger than what they invested since 2006.

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