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THE TRUTH ABOUT: 59 - The Untold Story

FTC Seeks Names of All Journalists With Whom Musk Shared Twitter Documents

Plus: U.S. special forces seeks “next generation” deepfake tech, the economic cost of the PRO Act, and more…

Reason

A year on, many US parents are still reeling from baby formula shortage

Families in rural towns still faced with empty shelves, purchase limitations and fewer options of infant formula

The Guardian - US

Federal Trade Commission Attempting A Lawsuit Against Microsoft Over Antitrust Issues

PlayStation owner Sony Group Corp has been vocal in its attempt to block rival Microsoft Corporation buying Activision Blizzard.

Zenger

From analysis to the latest developments in health,
read the most diverse news in one place.

Big Brother vs Big Tech

Biden wants more chips; Democrats claim they'll protect your health data. Plus: A drone that kills on its own?

Salon

Big Tech companies aren't afraid of antitrust regulators, but they sure do dance for activist hedge funds

To judge by recent multibillion dollar deals, antitrust worries are not causing companies like Amazon or Microsoft to back off big acquisitions. But pressure from activist investors is a different story.

Fortune

Protecting privacy online begins with tackling 'digital resignation'

From smart watches and meditation apps to digital assistants and social media platforms, we interact with technology daily. And some of these technologies have become an essential part of our social and professional lives.

The Conversation

Prosecutors indict Dentsu, 5 other firms / Charges filed over Olympic contract bids

The Tokyo District Public Prosecutors Office indicted six companies and seven individuals Tuesday over suspected bid rigging linked to the Tokyo Games in violation of the Antimonopoly Law.

The Japan News/Yomiuri

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A group autopsy of the Supreme Court's oral argument on section 230

Episode 445 of the Cyberlaw Podcast

Reason

Funeral home pricing is broken. Here’s how the FTC may fix it–and why we’re worried it won’t be enough

An analysis of 14,358 funeral home websites found that only 18% list their prices anywhere online.

Fortune

FTC Investigating, but Not Thwarting, Amazon Acquisition of One Medical

Since the Federal Trade Commission didn't sue in time, the deal went through. But will FTC Chair Lina Khan keep trying to attack Amazon for its bigness?

Reason

Amazon closes $3.9B buyout of health company One Medical

Amazon has closed its $3.9 billion acquisition of the primary care organization One Medical

The Independent UK

Abbott faces a second FTC investigation over baby formula shortage

Abbott Laboratories is facing another investigation into its role in last year’s baby formula shortage that left millions of American families scrambling for vital nutrition products.

Tribune News Service

FTC Commissioner Resigns To Protest Agency's 'Disregard for the Rule of Law'

Chair Lina Khan has flouted the rule of law and due process, Commissioner Christine Wilson wrote.

Reason

Republican regulator rips Lina Khan in ‘noisy exit,’ accuses ‘hipster antitrust’ boss of breaking the law by having opinions on Mark Zuckerberg

Khan once wrote that Zuckerberg should never be allowed to make another acquisition. Now we know the strength of internal dissent over that.

Fortune

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Fortune

Meta sparked a bitter fight inside the FTC

A bitter fight inside among FTC commissioners over Meta's acquisition of a VR company spilled into the public realm.

Reason

Lawmakers Use Kid Safety as Excuse To Violate Adults' Rights

Plus: New York "hate speech" law is likely unconstitutional, FTC Commissioner quits because of chair Lina Khan's antics, and more...

Reason

FTC Chair's Activism Prompts a Commissioner to Resign

FTC Commissioner Christine WIlson is resigning from the Commission. (Updated)

Reason

Who Needs Hackers When You Have Balloons?

Episode 442 of the Cyberlaw Podcast

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Los Angeles Times

Editorial: FTC crackdown on GoodRx sends a message that private consumer data must be protected

Since 2017, GoodRx has helped millions of people find deals on prescription drugs via an app and website. But what its customers may not have known is that the Santa Monica-based health company had also been sharing information about their prescriptions and illnesses with third parties such as Google and…

Tribune News Service

$115 million in refunds being sent to thousands scammed by fraudsters using MoneyGram

Nearly 40,000 consumers who lost money to scammers using MoneyGram’s payment system will receive a combined $115.8 million in refunds as a result of a 2018 settlement with the Dallas-based company.

Salon

Musk fired engineer over declining views

Musk fired an engineer who said there was no evidence the algorithm was biased against him

Evening Standard

Who owns Activision Blizzard? Microsoft acquires Call of Duty maker in blockbuster deal

The UK competition watchdog has cleared the biggest deal in gaming history after initially restricting it

Asharq Al-Awsat

Meta Completes Virtual Reality Deal after US Court Win

Facebook-owner Meta finalized its buyout of virtual reality firm Within Unlimited, the VR company's chief executive said, after a court rejected an attempt by US regulators to block the deal over competition concerns. A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the…

Tribune News Service

Commentary: Facebookopoly

The recent news is that Facebook’s parent, Meta, had record earnings that have driven the stock up over 20% in trading. In the world of social media, Facebook is ubiquitous. Coming from humble beginnings as a Harvard student’s pet project, it’s now expanded to 2.89 billion users worldwide, making it…

Reason

The FTC's Antitrust Radicals Are Rebuked Again in Federal Court

The FTC is trying to seize new powers to regulate the economy.

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People

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