The FTC lost an appeal on May 7 seeking to reverse a judge’s decision declining to block the deal, which closed in 2023.
Read More FTC drops case over Microsoft’s $69-billion Activision Blizzard deal
Tag: ftc
Facebook owner Meta bought Instagram, WhatsApp instead of competing, FTC says at trial
Meta bought up nascent rivals Instagram and WhatsApp after its attempts to compete had failed, an attorney for the U.S. Federal Trade Commission said.
Read More Facebook owner Meta bought Instagram, WhatsApp instead of competing, FTC says at trial
Kroger Ousts Longtime CEO After Ethics Investigation Reveals Misconduct
The grocery store chain Kroger announced on Monday that its longtime CEO, Rodney McMullen, has stepped down following an investigation into his personal conduct which revealed he was violating the company’s ethics policy.
Read More Kroger Ousts Longtime CEO After Ethics Investigation Reveals Misconduct
US probes UnitedHealth’s Medicare billing practices, WSJ reports
The Justice Department has launched a probe into UnitedHealth’s Medicare billing practices in recent months, sending the healthcare conglomerate’s shares nearly 12% lower.
Read More US probes UnitedHealth’s Medicare billing practices, WSJ reports
FTC takes on subscription traps with ‘click to cancel’ rule
The FTC adopted a final rule requiring businesses to make it as easy to cancel subscriptions and memberships as it is to sign up.
Read More FTC takes on subscription traps with ‘click to cancel’ rule
Social media users lack control over data used by AI, US FTC says
Social media companies collect, share and process vast troves of information about their users while offering little transparency or control.
Read More Social media users lack control over data used by AI, US FTC says