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The Latest Breaking News from FTC

The FTC Wants To Outlaw Noncompete Clauses, but Does It Have the Authority?

The Commission's lone dissenter says Congress has not charged it with regulating noncompete clauses.

Reason

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.

Tribune News Service

FTC ban may be test of bipartisan opposition to noncompete clauses - Roll Call

The FTC's proposed ban on noncompete clauses in workers' contracts may test the strength of bipartisan dislike of the clauses.

Roll Call

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The FTC is back to being the activist US agency progressives sought in 1914

Last week, under its Biden-appointed chair, the Federal Trade Commission proposed a new rule banning non-compete agreements – and it’s a big deal

The Guardian - US

There’s a brewing ‘A.I. arms race’ and Microsoft’s ChatGPT play is ‘a potential game changer,’ Wedbush’s Dan Ives says

Microsoft's proposed investment in OpenAI is a "smart poker move" as A.I. advances, Wedbush's top tech analyst argues.

Fortune

What the FTC’s noncompete agreement ban could mean for you

Noncompete agreements bar about 30 million American workers from quitting their jobs to work for rival companies or start their own businesses, a practice that the Federal Trade Commission calls exploitative and wants to ban.

Tribune News Service

Editorial: Competition is all-American: The Biden administration is right to move to ban noncompete agreements

We don’t know whether the Federal Trade Commission is right that forbidding noncompete agreements in labor contracts will increase wages by nearly $300 billion per year. Nor do we have a strong opinion about whether the ban can be carried out via regulation, as just proposed, or requires legislation like…

Tribune News Service

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The FTC’s proposed ban on noncompetes doesn’t only mean a huge victory for Gen Z workers. Here’s why it also benefits employers across the country

Nearly half of U.S. employers have some of their employees sign noncompete clauses. Now the FTC wants to ban them.

Fortune

Twitter leak exposes 235 million email addresses from hack

Personal emails linked to 235 million Twitter accounts hacked some time ago have been exposed according to Israeli security researcher Alon Gal — making millions vulnerable to having their accounts compromised or identities exposed if they have used the site anonymously to criticize oppressive governments, for instance

The Independent UK

Your employer shouldn’t be allowed to stop you working for its rivals, FTC argues

The Federal Trade Commission says the practice is harming competition within the labor market by preventing companies from hiring the best available talent.

Fortune

2 Years After the Capitol Riot, the GOP Remains Divided. Good.

Plus: Misinformation about athlete deaths, FTC wants to ban noncompete clauses, and more...

Reason

Millions of workers are subject to noncompete agreements. They could soon be banned

The Federal Trade Commission has proposed a new rule that bans the use of noncompete agreements, calling them an exploitative practice that suppresses wages and hampers innovation.

WEKU

Fortnite is coming back to iOS after the drawn out legal battle between Epic and Apple

With the legal dispute between Apple and Epic settled, Fortnite looks set to return to Apple devices in 2023.

Daily Mirror

Microsoft Claims To Have No Idea Why 'Call Of Duty' Franchise Is Special

American tech multinational Microsoft, which a year ago announced its plans to acquire Activision Blizzard, might keep 'Call of Duty', the video game company's iconic franchise, from appearing on Sony's PlayStation. Read on for details:

Dynamite News

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Tribune News Service

Why 'Call of Duty' game matters to the FTC in Microsoft-Activision deal

Vancouver, Washington, resident Michael Feist has logged nearly 163 hours on "Call of Duty: Modern Warfare II" since it was released two months ago.

The Independent UK

‘Call me now:’ Inside the mysterious life of 90s TV hotline psychic Miss Cleo

Miss Cleo, the face of the Psychic Readers Network, spent years imploring late-night television viewers to call a 1-800 number. Then a fraud lawsuit plagued the company and hotline. Miss Cleo mostly vanished. Now, there’s a new HBO Max documentary that investigates her life, Sheila Flynn reports

USA Today Sports Media Group

Microsoft says the FTC’s Xbox lawsuit violates the U.S. Constitution

Microsoft issued its response to the FTC’s lawsuit against the Activision Blizzard deal and called the Commission’s actions unconstitutional

Axios

Microsoft and Activision press FTC to approve merger

The FTC filed a lawsuit two weeks ago to block the deal.

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The Independent UK

Microsoft braces to fight FTC over Activision Blizzard deal

Microsoft is headed for a battle with the Federal Trade Commission over whether the U.S. will block the tech giant’s planned takeover of video game company Activision Blizzard

Daily Mirror

FTC Fortnite refund: Epic fined $245m and you might be eligible for a cut

Epic Games will pay $245 million to settle allegations related to in-game purchases in Fortnite, with the FTC planning to use this money to refund impacted players and parents.

USA Today Sports Media Group

10 gamers are suing Xbox to stop the Activision Blizzard deal

A new lawsuit against Microsoft comes from nearly a dozen consumers who believe the pending acquisition will harm competition

Daily Mirror

Fortnite maker ordered to pay $520m for violating child privacy and tricking players

Epic Games has agreed to pay the Federal Trade Commission (FTC) $520 million to resolve concerns related to the Fortnite item shop, refund systems and children's privacy.

Tribune News Service

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.

The Independent UK

Meta CEO Mark Zuckerberg takes witness stand in FTC case

Mark Zuckerberg, the CEO of Facebook parent company Meta, is on the witness stand in a California courtroom as part of the U.S. antitrust regulators' effort to stop the tech giant from buying a virtual reality startup

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