Former Uber Security Chief Now Facing Wire Fraud ChargesJoseph Sullivan, former chief security officer at Uber, received a wire fraud charge this week from a federal grand jury in San Francisco.
Firm Once Owned By 'Pharma Bro' Shkreli To Pay $40 Million To Settle Price Gouging LawsuitA company once owned by “Pharma Bro” Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4,000% after obtaining exclusive rights to the drug.
Apple Allows Self-Repairs To Products After Regulators Express ConcernsAfter resisting for years, Apple is letting some iPhone users fix their own phones, ending a practice of allowing only company-approved technicians to fiddle with its proprietary parts and software.
Facebook Asks Court To Dismiss FTC Antitrust Complaint Amid Worldwide OutageFacebook is asking a federal court to dismiss a revised complaint against it by the Federal Trade Commission, arguing that the agency has not provided enough evidence to show that the Menlo Park-based company is a monopoly.
Feds Refile Antitrust Complaint Against Facebook, Alleging Abuse Of Market PowerThe federal government filed a revised version of their antitrust complaint against Facebook Thursday, focusing on the allegations that the social media service abused its market power to suppress competition.
Senior FTC Official Slams Facebook After Political Ads Probe Shut DownA senior Federal Trade Commission official is criticizing Facebook’s move to shut down the personal accounts of two academic researchers and terminate their probe into misinformation spread through political ads on the social network.
Facebook Asks Recusal Of FTC Head In Antitrust Case DecisionFacebook is asking that the new head of the Federal Trade Commission step away from decisions on whether to continue the agency's antitrust case against the social network giant.
Judge Dismisses Government Antitrust Lawsuits Against FacebookA federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants.
Feds Order Facebook, Twitter, Other Social Media To Provide Info On Personal Data CollectionFederal regulators ordered Facebook, Twitter, Amazon, TikTok’s parent and other social media companies to provide detailed information on how they collect and use consumers’ personal data.
Zuckerberg Interviewed By FTC Over Two Days As Part Of Antitrust ProbeFacebook CEO Mark Zuckerberg testified over the course of two days this week before the Federal Trade Commission as part of its antitrust investigation into the company's business practices.
Feds Seek Breakup Of Altria-Juul Deal On Antitrust GroundsU.S. business regulators are suing to break up the multibillion-dollar deal between tobacco giant Altria and San Francisco e-cigarette startup Juul Labs.
Senators Blast Google For Facemask Ads Amid Coronavirus, Demand FTC ActionTwo Democratic senators asked the Federal Trade Commission to pursue enforcement action against Google Tuesday saying the company is continuing to allow ads for the sale of facemasks amid the coronavirus pandemic.
FTC Fines Facebook $5 Billion Over Privacy ViolationsFederal regulators have fined Menlo Park-based Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business.
Facebook Bracing For $3-5 Billion In Federal Trade Commission FinesFacebook is bracing for a massive fine from federal regulators after a year of data privacy scandals.
FTC Reportedly Considering Oversight Of Facebook's ZuckerbergFederal regulators are reportedly considering seeking some kind of oversight over Mark Zuckerberg's leadership of Facebook.