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The Latest Breaking News from FTC

The FTC hits Fortnite developer Epic Games with $520 million fine

The penalty is over allegations that Epic tricks 'millions of players" into making unintentional purchases in Fortnite.

USA Today Sports Media Group

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

Fortnite maker Epic Games will pay $520 million to settle privacy and deception cases

The company is refunding $245 million to customers who made unwanted purchases because of poor game design, and is paying a $275 million fine for collecting personal data from kids without consent.

WEKU

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‘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

The Independent UK

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

The Independent UK

FTC didn't stop Facebook-Instagram. How about Meta-Within?

Facebook parent Meta is sparring with the FTC over its pending acquisition of a virtual reality fitness company Within Unlimited in federal court in San Jose, California, where CEO Mark Zuckerberg is expected to testify as a witness

The Independent UK

The FTC's cases against Meta are chasing Facebook's ghost

No longer an anticompetitive behemoth, Meta is in a dogfight for survival, argues Adam Kovacevich from tech industry coalition Chamber of Progress.

Fortune

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I was scammed. Now what?

Banking and money scams and frauds online are becoming more common. Here's what they are, popular ones to watch out for, and how to protect yourself

Fortune

Musk's Twitter isn't paying its bills

Twitter has even begun to auction off furniture and kitchen equipment from its office

Salon

Why In the World Is the FTC Trying to Block Microsoft From Buying Call of Duty?

Antitrust regulators don't seem to understand how the video game industry works.

Reason

Amazon launched a driver tipping promotion on the same day it got sued over tip fraud

An Amazon promotion that tipped delivery drivers $5 for every customer that sent a "thank you" message maxed out on the second day, raising questions about whether drivers deserve tips year-round.

WEKU

Microsoft says it offered FTC consent decree on 'Call of Duty'

Microsoft Corp. said that antitrust regulators shrugged off its offer to make "Call of Duty" available to gaming rivals — including Sony Group Corp. — as part of its $69 billion purchase of Activision Blizzard Inc.

Tribune News Service

The FTC Has No Business Trying To Stop Video Game Company Mergers

It’s one of the most competitive industries in the world, and there’s no good reason to stop Microsoft from acquiring Activision Blizzard.

Reason

Why is the FTC suing to stop Microsoft’s Activision Blizzard deal? Because it doesn’t trust the tech giant

Federal regulators are skeptical that the Xbox parent will make good on pledges to keep games available on PlayStation.

Fortune

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Reason

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...

Axios

Microsoft is back on the antitrust hot seat

The FTC's suit says the Activision deal would give Microsoft an incentive to limit competition.

Tribune News Service

FTC votes to file suit to block Microsoft’s $69 Billion Activision deal

The U.S. Federal Trade Commission is seeking to block Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc., saying the tie-up between the Xbox maker and popular gaming publisher would harm competition.

The Guardian - US

US agency moves to block landmark merger of Microsoft and Activision Blizzard

Regulators voted 3-1 to stop the biggest acquisition in video game history, citing concerns over thwarting of competition

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WEKU

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.

USA Today Sports Media Group

The FTC sues to block Microsoft’s Activision Blizzard acquisition

The FTC will try and block Microsoft from buying Activision Blizzard, citing concerns over negative effects on competition and innovation

The Independent UK

FTC challenges Meta acquisition of VR company in court

Federal regulators open their campaign to block Facebook parent Meta’s acquisition of virtual-reality company Within Unlimited and its fitness app Supernatural, with opening arguments beginning Thursday in San Jose, California

Los Angeles Times

Why I hung up on the person who said he kidnapped my child

LOS ANGELES — I was driving home on the 110 Freeway when the music on the radio was interrupted by a phone call. The number displayed on my dashboard was (111) 111-1111 — an obvious fake. I should have let it go straight to voicemail, but for some reason I…

Fortune

Microsoft keeps pulling the right political strings. Is it enough to get the Activision Blizzard deal over the finish line?

The tech giant is making shrewd moves, but regulators remain wary of its $68.7 billion purchase of the video game developer.

Fortune

What to know about title loans

Title loans charge exorbitant fees and allow the lender to repossess the car if you don’t repay the loan.

Tribune News Service

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.

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