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“#Team Biden’s leftist bid to batter successful big business” Four years ago, as a student at Yale Law School, Lina Khan wrote an article on the supposed evils of Amazon, the ubiquitous and consumer-friendly online retailer. Today, at only 32, she is running the Federal Trade Commission, one of the most important US agencies that…
“#Joe Biden puts SEC in turmoil with fed agency chairs unfilled” Gary Gensler, the new sheriff on Wall Street, has set some ambitious plans for cracking down on stock-trading shenanigans — but the sheriff will need some deputies if he wants to get the job done. As the new chairman of the Securities and Exchange…
“#Facebook won’t tell users if they were part of massive data leak” With “friends” like these… Facebook has not notified the more than half-billion users who were affected by a 2019 data leak — and has no plans to do so, a company spokesman said Wednesday. The leaks of 530 million users’ information — obtained…
“#Walmart’s ‘Made in the USA’ claims under fire again” Walmart is once again playing fast and loose with the rules when it comes to labeling goods “Made in the USA,” according to an industry watchdog. The world’s biggest retailer — which five years ago managed to dodge a federal inquiry over its labeling practices by…
“#Vitamin sellers flagged by feds got coronavirus aid loans” A trio of supplements sellers snagged millions in coronavirus relief loans last spring — all within weeks of getting dinged by the feds for questionable claims about their products, The Post has learned. The vitamin marketers joined the rush for Paycheck Protection Program aid in early…
“#FTC faces shoestring budget in antitrust case against Facebook” Facebook is amassing big legal guns in a looming battle with the US government over antitrust allegations — but the feds are working on a shoestring budget. Mark Zuckerberg’s giant social network — which on Wednesday got sued by the Federal Trade Commission for allegedly using…
“#FTC announces lawsuit against Facebook for ‘illegal monopolization’” The US Federal Trade Commission (FTC) today announced its lawsuit against Facebook alleging the company has formed an illegal monopoly based on anticompetitive practices. According to a notice from the FTC, the suit involves the company’s Instagram, Messenger, and WhatsApp services as well as Facebook‘s alleged imposition…
“#Zoom ordered to enhance security under proposed FTC settlement” Zoom Video Communications must implement a new information security program as part of its proposed settlement with US regulators over user privacy issues, the Federal Trade Commission said Monday. The FTC, in a statement, said the company would face fines of up to $43,280 for each…
“#FTC needs more power to take on Big Tech’s dominance” The Federal Trade Commission needs more weapons in its battle to defend news organizations against Big Tech. That’s the message from US Sen. Maria Cantell (D-Wash.), who said new powers are the only thing that will help the FTC protect the struggling local news industry…
“#Facebook says breaking up Instagram, WhatsApp a ‘nonstarter’” Facebook views the idea of splitting off Instagram and WhatsApp as a “nonstarter” that would cost billions of dollars and harm users, a new report says. The social-media giant has outlined its arguments against undoing two of its biggest acquisitions in a 14-page document as it faces…