FTC

Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has reportedly requested the U.S. Federal Trade Commission to dismantle Microsoft Corporation’s (NASDAQ:MSFT) exclusive agreement to host OpenAI’s technology on its cloud servers What Happened: This request came after the FTC inquired...

Microsoft Corp. (NASDAQ:MSFT) is confronting a federal investigation that could reshape the technology industry’s competitive landscape, with regulators examining the company’s potentially anticompetitive practices in cloud computing and artificial intelligence markets. What Happened:...

Uber Technologies Inc (NYSE:UBER) has turned profits as of late, helped in part by its “Uber One” subscription. However, the Federal Trade Commission (FTC) is reportedly investigating the company over an alleged breach of consumer protection laws. What Happened: The FTC opened the...

A win for Donald Trump or Kamala Harris could have implications for many sectors, including technology and electric vehicles, making the outcome of the 2024 presidential election important for investors. A group of Wedbush analysts outlines the implications for the technology sector in light of...

The Federal Trade Commission has enforced a new rule that prohibits the sale or purchase of fake reviews, in a move to maintain the integrity of online reviews and testimonials. The rule, which took effect on Monday, will enable the FTC to impose civil penalties on those who knowingly breach it....

The Federal Trade Commission (FTC) finalized a rule Wednesday aimed at simplifying subscription cancellations.  The Details: The new rule is called "click-to-cancel." It aims to protect consumers from businesses that make it difficult, or even impossible, to cancel subscriptions.  "Too often,...

U.S. Representative Alexandria Ocasio-Cortez (D-N.Y.) has staunchly defended Federal Trade Commission Chair Lina Khan, amidst calls for her removal. What Happened: On Wednesday, Ocasio-Cortez responded to a post from Semafor domestic policy & politics reporter Joseph-Zeballos-Roig suggesting...

Amazon.com Inc (NASDAQ:AMZN) shares are trading lower Monday following a downgrade from Wells Fargo. The stock also appears to be facing selling pressure after a federal judge said the Federal Trade Commission (FTC) can proceed with its lawsuit against the company. What To Know: Wells Fargo analyst...

Amazon.com Inc (NASDAQ:AMZN) secured a partial dismissal in a lawsuit filed by the U.S. Federal Trade Commission on Monday. The FTC accused Amazon of maintaining illegal monopolies. What Happened: The FTC’s lawsuit claims Amazon employs anti-competitive practices to dominate online...

Antitrust regulators are set to prevent Hess Corp. (NYSE:HES) CEO John Hess from joining the board of Chevron Corp. (NYSE:CVX) as part of a $53-billion merger deal. What Happened: Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on...

The Federal Trade Commission (FTC) is intensifying its efforts to combat deceptive practices linked to artificial intelligence through a new initiative called Operation AI Comply. The initiative targets companies that misuse AI to engage in misleading conduct that harms consumers. FTC Chair Lina M...

Federal Trade Commission (FTC) Chair Lina Khan has raised concerns about the potential misuse of AI by airlines to charge higher prices for passengers attending funerals. What Happened: Speaking at the 2024 Fast Company Innovation Festival, Khan highlighted the risks AI poses in enabling fraud and...

Kroger Co (NYSE:KR) and Albertsons Companies, Inc. (NYSE:ACI) shares closed lower Tuesday after lawyers for the Federal Trade Commission (FTC) gave closing arguments in a hearing to temporarily block the proposed merger between the two companies.  The Details: The three-week-long U.S. District...

A federal judge has ruled against the Federal Trade Commission, stating that it lacks the authority to prevent companies from imposing noncompete agreements on their employees. What Happened: On Tuesday, Judge Ada Brown of the U.S. District Court for the Northern District of Texas declared that the...

Palantir Technologies Inc. (NYSE:PLTR) co-founder and founding partner of 8VC,  Joe Lonsdale has voiced his concerns about the unchecked power of big tech and called for more accountability. What Happened: On Thursday, while appearing on CNBC’s Squawk Box, Lonsdale criticized the monopolistic...