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“FTC sues maker of TurboTax to stop ‘bait-and-switch’ ads” The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers. The consumer protection agency said Tuesday that millions of consumers cannot actually use the free tax-prep software option — two-thirds of tax filers in 2020. They are ineligible,…
“#Microsoft’s $69B deal for ‘Call of Duty’ maker Activision to be reviewed by FTC” The antitrust review of Microsoft’s $68.7 billion proposed acquisition of “Call of Duty” maker Activision Blizzard will be handled by the Federal Trade Commission, Bloomberg News reported, citing a person familiar with the matter. The FTC, instead of the Justice Department, will…
“#Microsoft’s $69B Activision-Blizzard deal sets stage for antitrust ‘soap opera’” Microsoft has managed to fly under the regulatory radar as big tech competitors like Google, Amazon and Meta take heat in Washington, D.C. and Brussels — but the company’s plan to acquire scandal-ridden game developer Activision-Blizzard for $68.7 billion could change everything. If the deal…
“#FTC can proceed with Facebook lawsuit” The Biden administration was given another chance to pursue legal action against Facebook over claims that the social network is a monopoly. A federal judge rejected parent company Meta Platforms’ attempt to throw out the Federal Trade Commission’s antitrust complaint. The ruling by US District Judge James Boasberg on…
An increasing number of American seniors have been targeted for romance scams during the pandemic. The Federal Trade Commission (FTC) published an updated report on the top scams that have cost seniors aged 60 and up millions of dollars. “Romance scams; prize, sweepstakes and lottery scams; and business impersonator scams caused the highest aggregate reported losses for older adults,”…
“#McDonald’s investigated by FTC for broken McFlurry machines” The feds have had it with McDonald’s broken McFlurry machines. The Federal Trade Commission is reportedly investigating why the burger chain’s ice cream machines break down so often, a matter that’s become the butt of late-night TV jokes and viral social media posts. The FTC contacted McDonald’s…
“#FTC interviewed Zuckerberg in 2012 making Facebook suit hard: sources” The Federal Trade Commission secretly interviewed Mark Zuckerberg while probing Facebook’s 2012 acquisition of Instagram — grilling the tech tycoon over the social network’s motives in the controversial deal, two sources with direct knowledge of the situation told The Post. Facebook’s chief executive had agreed…
“#Senators say Tesla’s ‘self-driving’ claims are misleading” Tesla advertising for its “Autopilot” and “Full Self-Driving” features is misleading to consumers and should be investigated by the Federal Trade Commission, two US senators said Wednesday. Democratic Sens. Richard Blumenthal of Connecticut and Ed Markey of Massachusetts called on FTC Chair Lina Khan to open an investigation…
“#Facebook wants FTC Chair to recuse herself from antitrust probe” Facebook asked the Federal Trade Commission on Wednesday to recuse Chair Lina Khan from any antitrust actions against the company, arguing that her history of criticizing big tech companies means she cannot be impartial. The company pointed to Khan’s academic writing, in which she said…
“#Amazon’s deal to buy MGM faces FTC antitrust probe: report” Amazon’s deal to buy MGM, the movie studio behind the James Bond franchise, is facing antitrust heat from the Federal Trade Commission, according to a new report. The FTC’s new chairwoman, Lina Khan, a 32-year-old legal prodigy who most recently was a professor at Columbia…