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The Latest Breaking News from FTC

Trump's crypto racket hurts all wallets

Trump's crypto firm isn't just corrupt — he is making it easier for fraudsters to take your money

Salon

Ex-FTC commissioner accuses former chair Lina Khan of 'procedural shenanigans' that iced M&A activity

A former FTC official who served under Khan said the accusation was “shockingly out of touch with reality.”

Fortune

Elderly Americans Suffered Most In $9.3 Billion Crypto Scam Losses Last Year: FBI

Elderly Americans were the most targeted age group last year by crypto scammers and fraudsters, a new FBI report revealed, highlighting how threat actors set their eyes on the most vulnerable demographic to dupe U.S. consumers.

International Business Times

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Fallout 3 Remastered seems almost inevitable now, but still a long way off

And like the big sucker that I am, I'd lap it up.

PC Gamer

Instagram cofounder Kevin Systrom skewers Mark Zuckerberg, saying Meta starved his business after buying it for $1 billion over a decade ago

Systrom testified that Instagram had the potential to thrive independently and did not require Meta’s infrastructure or resources to scale.

Fortune

Trump admin sues Uber alleging company makes it too hard to cancel subscription

‘Americans are tired of getting signed up for unwanted subscriptions that seem impossible to cancel,’ the FTC chairman said

The Independent UK

FTC is suing Uber over ‘deceptive’ Uber One subscription service

The Federal Trade Commission has filed a lawsuit against Uber, alleging the company used deceptive practices to market and manage its Uber One subscription service.

Fortune

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Morgan Stanley believed Google would rival Facebook if the search giant could beat Mark Zuckerberg to scooping up WhatsApp

Zuckerberg worried about Google diving into social media, and created a competitive buffer around Meta through M&A, according to allegations in court documents.

Fortune

FTC Sues Uber Over 'Deceptive' Billing, Hard-To-Cancel Uber One Subscriptions

FTC Chairman Andrew Ferguson said in a statement that people are frustrated with being enrolled in unwanted subscriptions that are nearly impossible to cancel.

International Business Times

Uber Sued By FTC For Alleged Deceptive Subscription Practices

Uber stock was lower as the FTC sued the ride-hail company for alleged deceptive practice for its Uber One subscription.

Investors Business Daily

Google loses online ad monopoly case. But it’s just one of many antitrust battles against big tech

Tech giant Google has just suffered another legal blow in the United States, losing a landmark antitrust case. This follows on from the company’s loss in a similar case last year.

The Conversation

The Trump Administration Wages War on Meta

Mark Zuckerberg's donations haven't stopped the Federal Trade Commission from going after his company.

Reason

Stock Market Tumbles On Nvidia Export Curbs, Fed Chief Powell, UnitedHealth: Weekly Review

The stock market sold off this week, with Nvidia AI chip export curbs, UnitedHealth guidance and Fed chief Jerome Powell's comments in focus.

Investors Business Daily

Just before Zuckerberg bought Instagram, he identified a now defunct social startup as Facebook’s biggest threat

Emails revealed during Meta's landmark antitrust case have shed light on how Zuckerberg accessed Facebook's old rivals.

Fortune

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Euronews

Meta’s antitrust trial: Everything you need to know about the case and Zuckerberg’s testimony

If the case brought by the US Federal Trade Commission (FTC) is successful, Meta could be forced to sell Instagram and WhatsApp.

The Independent UK

Zuckerberg reportedly cozied up to Trump so he could settle his FTC lawsuit for $450m instead of $30bn

Zuckerberg attempted to settle an antitrust lawsuit with the FTC with the support of Trump – but it was ultimately unsuccessful

International Business Times

Facebook Chief Zuckerberg Testifying Again In US Antitrust Trial

Social media titan Mark Zuckerberg took the stand for a second day Tuesday in a landmark US antitrust trial where his conglomerate Meta is accused of taking over Instagram and WhatsApp before they could become competitors.

Fortune

Mark Zuckerberg's showdown with the FTC is massive for Meta—and even bigger for tech overall

Mark Zuckerberg is set to take the stand for a second day amid Meta's FTC trial.

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Latin Times

Facebook Founder Mark Zuckerberg Faces Court as FTC Takes Aim at Meta's Empire

Meta CEO Mark Zuckerberg defends Instagram and WhatsApp deals in major FTC antitrust trial that could break up the company.

Fortune

Mark Zuckerberg suggested wiping everyone’s Facebook friends and making users start again

The email was revealed as part of the FTC’s landmark antitrust case against Meta.

Windows Central

Xbox and Bethesda are supposedly going to "shadow drop" the Elder Scrolls IV: Oblivion remake — really? (UPDATE)

There's so much smoke at this point that there has to be a fire somewhere, but the build up to one of the industry's worst kept secrets doesn't make a lot of sense.

Euronews

Meta CEO Mark Zuckerberg takes stand on first day of historic US antitrust trial

Zuckerberg answered questions about Facebook's 2012 acquisition of popular social media app Instagram on the first day of an antitrust trial that could reverse the purchase.

Fortune

Mark Zuckerberg's day in court highlights one of the tech industry's inconvenient truths

The Facebook founder and CEO took the stand on the first day of the FTC's antitrust case against Meta. The stakes are high, and not just for Zuck.

The Guardian - US

Meta faces antitrust claims at trial over Instagram and WhatsApp ownership

Facebook parent faces threats of illegal social media monopoly after spending billions to acquire two platforms

Investors Business Daily

Meta's Big FTC Antitrust Trial Kicks Off. Facebook Parent Cites TikTok Competition.

The Facebook owner will defend its purchases of WhatsApp and Instagram.

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