federal trade commission

Pelosi Sells 5K Microsoft Shares Ahead Of FTC Antitrust Probe, Marking Her Largest Sell In Years

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Pelosi Sells 5K Microsoft Shares Ahead Of FTC Antitrust Probe, Marking Her Largest Sell In Years

California Representative Nancy Pelosi’s investment portfolio has returned over 700% since 2014. While the former House Speaker’s husband, Paul, executes the trades, his impressive track record of consistently timing the market has given rise to criticism that Nancy could be sharing confidential market information with him, something the politician has refuted for years. While she … Read more

Why the FTC Charged Sitejabber With Fake Ratings and Reviews

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Why the FTC Charged Sitejabber With Fake Ratings and Reviews

The Federal Trade Commission banned businesses from writing and buying their own reviews in an August ruling. Now, it’s alleging that a customer review site, Sitejabber, published “misleading” ratings and reviews on behalf of the 130,000 businesses on its platform. The FTC’s proposed order would stop Sitejabber from “misrepresenting” customer ratings and reviews “in the … Read more

The big risks of bitcoin ATMs

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The big risks of bitcoin ATMs

Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets … Read more

Trump VP pick J.D. Vance supports Big Tech antitrust crackdown

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Trump VP pick J.D. Vance supports Big Tech antitrust crackdown

Former President Donald Trump’s vice presidential pick J.D. Vance has openly praised the work of Federal Trade Commission Chair Lina Khan, a sign that the agency’s broad approach to antitrust enforcement could enjoy some level of support from a second Trump administration. Vance, a Republican senator from Ohio, joined the presidential ticket on Monday at the Republican National … Read more

In A First, FTC Bans NGL Messaging App From Serving Minors; Imposes $5M Settlement

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In A First, FTC Bans NGL Messaging App From Serving Minors; Imposes M Settlement

The Federal Trade Commission (FTC) has prohibited the anonymous messaging app NGL from serving users under 18, marking the first instance of the agency ordering a digital platform to cease operations for minors. In a lawsuit brought by the FTC and the Los Angeles County District Attorney’s office, NGL was accused of deceptively marketing to … Read more

Users Lost $60M To Microsoft-related Scams In 2023: Here Are 4 Other Companies Scammers Use To Steal Your Money

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Users Lost M To Microsoft-related Scams In 2023: Here Are 4 Other Companies Scammers Use To Steal Your Money

Have you ever gotten a call claiming your Amazon account is compromised or a frantic email urging you to renew your nonexistent Geek Squad protection? You’re not alone. Scammers constantly impersonate well-known brands to trick people into giving up personal information or money. So, which brands are the biggest targets, and how can you stay … Read more

Amazon, Best Buy may soon sell smart devices with ‘hacker-safe’ label

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Amazon, Best Buy may soon sell smart devices with ‘hacker-safe’ label

Consumers have become accustomed to all sorts of labels and seals of approval on products in the shopping process, from the Energy Star to sustainability standards. Next up, shoppers should prepare for a hacking-safe seal of approval in the works for home gadgets and appliances coming from the federal government. Last July, the Biden administration … Read more

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

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ConocoPhillips buying Marathon Oil for .1 billion in all-stock deal as energy prices rise

By MICHELLE CHAPMAN (AP Business Writer) ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. The deal is valued at $22.5 billion when including $5.4 billion in debt. Crude prices have jumped more than 12% this year and the … Read more

TikTok facing potential lawsuit from feds over children’s privacy probe: sources

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TikTok facing potential lawsuit from feds over children’s privacy probe: sources

The Federal Trade Commission could resolve its investigation into Chinese-owned short video app TikTok over allegedly faulty privacy and data security practices by either filing suit or reaching a settlement in the coming weeks, a source told Reuters. Politico earlier reported the potential FTC action on Tuesday citing people with direct knowledge of the matter. The FTC … Read more

The Unkillable Appeal of Multilevel Marketing

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The Unkillable Appeal of Multilevel Marketing

Recently, when the billionaire hedge-fund manager Bill Ackman made headlines for militating against the thought crimes of Harvard undergraduates, the coverage disinterred memories of what had previously been Ackman’s most famous moral crusade: his five-year campaign, during the twenty-tens, to short-sell Herbalife, the dietary-supplement company. Herbalife can be politely called a “multilevel-marketing” or “direct-sales” or … Read more