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Meta Won Approval to Buy a Virtual Reality App, But FTC Laid Groundwork to Halt Big Tech’s Next Deal The Federal Trade Commission’s lawsuit to block Facebook parent company Meta’s acquisition of virtual reality app developer Within presented the court with a legal question that used to exist on the periphery of antitrust law and…
“FTC proposes rule that would ban noncompete clauses” The Federal Trade Commission proposed a rule Thursday that would ban US employers from imposing noncompete clauses on workers, a sweeping measure that could make it easier for people to switch jobs and deepen competition for labor across a wide range of industries. The proposed rule would prevent employers…
“Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal” Mr. Smith is going to Washington — and the hope is to get Microsoft’s $69 billion acquisition of Activision cleared by the feds. Microsoft President Brad Smith is planning to meet with the Federal Trade Commission’s three Democratic members on Wednesday in…
“Musk’s lawyer scrambles to calm Twitter staffers who fear jail over FTC scrutiny” The head of Elon Musk’s legal team scrambled to assuage the concerns of Twitter staffers who reportedly fear they could face prison if the company runs afoul of federal regulations. In a memo to staffers, attorney Alex Spiro sought to downplay concerns…
“FTC probing accusations Uber bilking ‘Rewards’ customers: sources” The feds are probing accusations that Uber has been bilking customers as the ride-sharing giant winds down its “Uber Rewards” loyalty program, The Post has learned. In August, Uber said that beginning Nov. 1 it will scrap Uber Rewards — a program launched in 2018 that uses…
“Svetlana Gans, leading FTC candidate, has Big Tech ties: insiders” The leading candidate for the soon-to-open regulator slot at the Federal Trade Commission has a long history of working to push Big Tech’s agenda, The Post has learned. Svetlana Gans, a partner at law firm Gibson Dunn, has been quietly meeting with leading Republicans, including…
“FTC sues Kochava for allegedly selling abortion patients’ cell phone location data” The Federal Trade Commission sued an app analytics company on Monday for selling cell phone location data that the agency said could be used to track people to sensitive locations like abortion clinics, domestic violence facilities and places of worship. Kochava, an Idaho-based…
“Sketchy TikTok ads push high-interest payday loans” A group of secretive TikTok advertisers are using sketchy tactics to push massive loans that experts say could run afoul of deceptive advertising laws, The Post has learned. Some of the ads tease “almost instant” five-figure deposits despite bad credit, while others appear to imply they are part…
“Groups urge FTC to probe ‘loot box’ on FIFA video game” Consumer advocates on Thursday urged US regulators to investigate video game maker Electronic Arts for the misleading use of a digital “loot box” that “aggressively” urges players to spend more money while playing a popular soccer game. The groups Fairplay, Center for Digital Democracy and…
“Elon Musk’s Twitter stock buy faces FTC probe: report” Elon Musk reportedly faces a Federal Trade Commission probe into whether he violated federal disclosure rules while amassing an approximately 9% stake in Twitter – a move that preceded his blockbuster $44 billion takeover of the social media giant. The feds are examining whether Musk erred…