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The Latest Breaking News from FTC

Byron Allen says he’s the best person to buy ABC from Disney because regulators would block Big Tech and private equity. ‘I’m the prettiest girl at the dance’

The founder and CEO of Allen Media Group has offered Disney $10 billion for ABC and other cable assets.

Fortune

Amazon Gets Sued Bigly

Plus: Trump commits fraud, a hacker house cooks steak, progressive movements can't stop failing, and more...

Reason

‘Different set of rules’: how FTC head Lina Khan is fighting tech giants such as Amazon

Youngest ever Federal Trade Commission chief and antitrust scholar is suing Amazon in latest effort to take on big tech – not always with success

The Guardian - US

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

Up First briefing: Trump skips GOP debate; FTC sues Amazon; prepare for student loans

Trump will skip tonight's GOP presidential primary debate to hold a rally in Detroit. The FTC sues Amazon in a monopoly case. Student loan payments are resuming. Here's how to prepare.

WEKU

A threat to Amazon and a test of the FTC: is this big tech’s antitrust reckoning?

At the core of the case is whether the company used its position to disadvantage rivals and the power of the agency to rein in tech firms

The Guardian - US

US government accuses Amazon of using its power to inflate prices

Federal Trade Commission and 17 states sue retail giant in major antitrust case

The Guardian - US

Amazon hit with sweeping antitrust suit

FTC chair accuses Amazon of using "a set of punitive and coercive tactics to unlawfully maintain its monopolies"

Salon

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FTC Files Antitrust Lawsuit Against Amazon

Among the allegations, the agency charges that Amazon Prime subscribers are incentivized to make the most of their subscription by buying more products.

Reason

The FTC’s case against Amazon could set a dangerous precedent–and benefit other retailers

'The latest lawsuit against Amazon fulfills the agenda Chair Lina Khan brought to the FTC,' writes Ted Bolema.

Fortune

Amazon Stock Falls After Massive FTC Lawsuit Alleging Illegal Monopoly

The Federal Trade Commission sued Amazon, alleging the tech giant uses its market power to inflate prices and overcharge competitors.

Investors Business Daily

The UK adopts an Online Safety Bill that allows regulation of encrypted messaging

Episode 473 of the Cyberlaw Podcast

Reason

Amazon facing major anti-trust lawsuit for allegedly ripping off customers and suffocating competition

‘Amazon is a monopolist and it is exploiting its monopolies in ways that leave shoppers and sellers paying more for worse service,’ FTC chair Lina Khan said

The Independent UK

Amazon slumps as FTC brings antirust lAmazon slumps as FTC brings antitrust lawsuit against online retail businessawsuit against online retail business

In its latest salvo against Big Tech dominance, the FTC says Amazon is 'wielding monopoly power to inflate prices, degrade quality, and stifle innovation.'

The Street

Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition

The Independent UK

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WEKU

U.S. sues Amazon in a monopoly case that could be existential for the retail giant

The Federal Trade Commission and 17 states accuse Amazon of suffocating rivals and raising costs for both sellers and shoppers.

Reason

Competition, Not Antitrust, Is Humbling the Tech Giants

The worst of the antitrust alarmism keeps proving untrue, as tech companies believed by some to be monopolies instead lose market share.

Zenger

Biden Administration Forgives $37M In Student Debt For University Of Phoenix Victims

FTC investigation leads to relief for borrowers as Biden's broader debt forgiveness plan faces hurdles.

Chicago Sun-Times

Fortnite refunds — how to apply for a piece of $245 million ‘deceptive practices’ settlement

The FTC accused Epic Games of using “design tricks aimed at getting consumers of all ages to make unintended in-game purchases” and making it easy for kids to rack up charges without parental consent.

Get all your
news in one place.

100’s of premium titles.
One news app.

The Independent UK

Did your kids buy gear in Fortnite without asking you? The FTC says you could get a refund

Parents whose kids bought virtual gear without their knowledge on the popular Fortnite video game could soon be able to get a refund

USA Today Sports Media Group

Microsoft leaked a new Xbox Series X and upcoming Bethesda games

The FTC accidentally leaked several unredacted documents from Microsoft’s antitrust hearing over the Xbox Activision acquisition

Fortune

Microsoft's massive Xbox leak is an error for the ages

The FTC blames Microsoft for the accidental publication of confidential documents relating to future Xbox consoles and Bethesda games.

Evening Standard

Elder Scrolls 6 will not come to PlayStation 5

Elder Scrolls VI will be an Xbox console exclusive, according to Microsoft

The Street

The laws to regulate AI are already in place, expert argues

With lawmakers concerned about how to regulate the emerging technology, some in the industry say the country already has the tools in place to do so.

The Independent UK

Free prescription discount cards from GoodRx — What’s the catch?

GoodRx’s prescription savings program offers significant discounts on prescription drugs, but not without some catches

Fortune

Another Elon Musk book dropped on Tuesday: U.S. attorneys ripping him for Twitter's 'chaotic environment,' full of anecdotes from former workers' depositions

Comments follow attempt to terminate a privacy settlement.

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ANDREW CABALLEROREYNOLDS

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

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