Business
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery…
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FTC
Business
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores THE US Federal Trade…
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FTC scrutinises Ticketmaster efforts to stop resale bots
The company’s industry dominance has long been targeted by fans, artists, regulators and lawmakers, dating back to the 1990s Live Nation’s…
Business
FTC launches inquiry into AI chatbots of Alphabet, Meta and others
THE US Federal Trade Commission on Thursday said it is seeking information from several companies including Alphabet, Meta Platforms and…
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Walmart to pay US$10 million to settle US FTC lawsuit over money transfer fraud
Walmart has agreed to pay US$10 million to settle a US Federal Trade Commission (FTC) civil lawsuit accusing the world’s largest retailer…
Business
Meta asks judge to rule that FTC failed to prove its monopoly case
FACEBOOK parent company Meta Platforms asked a federal judge on Thursday to throw out the US Federal Trade Commission’s case accusing it…
Business
Behind the landmark trial that could reshape Meta's future with Instagram
Meta Chief Executive Mark Zuckerberg returned to Washington this week, testifying in a landmark trial that could force the world’s largest…
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The 'phantom hacker' scam currently targeting Apple and Android products
A rapidly growing scam dubbed the "Phantom Hacker" is targeting users of Apple, Android and other platforms, the Federal Bureau of…
Business
Microsoft-OpenAI partnership raises antitrust concerns, FTC says - The Business Times
MICROSOFT’S US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the…
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FTC refers Snap complaint alleging its chatbot harms young users
The Federal Trade Commission on Thursday announced it had referred a complaint against Snap Inc. to the Department of Justice, alleging…
Business
Microsoft faces broad antitrust investigation from US FTC
THE US Federal Trade Commission (FTC) has opened an antitrust investigation of Microsoft, drilling into everything from the company’s…
Business
FTC adopts 'click to cancel' rule to make it easier to end subscriptions, mirroring California law
The Federal Trade Commission continued its crackdown on businesses that deceptively market and sell subscription services, adopting a rule…
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Social media platforms engaged in 'vast surveillance' and failed to protect young people, FTC finds
Major social media platforms and video streaming services that gather a “staggering” amount of data from their users have failed to…
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Yelp versus Google: An antitrust court fight plays out in San Francisco
San Francisco — For years, Yelp has complained about Google’s practices, alleging that the tech giant placed its own products above…