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Epic Games To Pay Record $520M Fine In FTC Settlements Over ‘Fortnite’; “No Developer Creates A Game With The Intention Of Ending Up Here”, Company Says – Update
UPDATED with Epic Games statement: Epic Games has agreed to pay a total of $520 million in two settlements with the Federal Trade Commission over allegations the Fortnite creator violated the Children's Online Privacy Protection Act, and that it used design tricks to dupe millions of players into making…
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7 Comments Comment on Epic Games To Pay Record $520M Fine In FTC Settlements Over ‘Fortnite’; “No Developer Creates A Game With The Intention Of Ending Up Here”, Company Says – Update
Microsoft, Activision Blizzard Confident Merger Will Close As FTC Prepares To Challenge $69-Billion Deal In Court – Update
Brad Smith, Microsoft's vice chair and president, and Activision Blizzard CEO Bobby Kotick both said they’re confident their $69 billion merger will close, despite news that the antitrust-buster FTC plans to challenge it in court.
“This sounds alarming, so I want to reinforce my confidence that this…
Elon Musk Tells Twitter Employees, “Bankruptcy Is Not Out Of The Question”
After recently laying off half of Twitter’s employees and on the same day that three of the company’s top security executives quit, the world’s wealthiest man reportedly told Twitter's remaining product team members that the company he just bought could see “net negative cash flow of several billion…
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By Tom Tapp
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Twitter To Pay $150 Million To Settle FTC, DOJ Charge It Handed User Data To Advertisers
Twitter has agreed to pay a $150 million to the Federal Trade Commission for what its chief privacy officer Damien Kieran called "a privacy incident" when email addresses and phone numbers users provided for account security purposes "may have been inadvertently used for advertising."
The settlement followed a…
Senate Confirms Alvaro Bedoya To Federal Trade Commission, Giving Democrats A Majority
The Senate confirmed Alvaro Bedoya to the Federal Trade Commission, giving Democrats a working majority at the agency as it sets its sights on reining in the tech industry and giving proposed mergers and acquisitions much greater scrutiny.
Bedoya was confirmed on a 51-50 party line vote, with Vice President Kamala…
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By Ted Johnson
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WGA, Teamsters & Other Unions Urge FTC to Contest Amazon-MGM’s Done Deal; Regulator Says It Can Challenge Mergers “Any Time”
The Writers Guild of America West and a coalition of unions launched another salvo against Amazon-MGM, urging antitrust watchdog, the Federal Trade Commission, to contest the deal even though it officially closed last week.
Their letter to the FTC today focused in part on Amazon's acquiring MGM-owned Epix, taking out…
Senate Commerce Committee Advances FCC and FTC Nominees In Partisan Split
The Senate Commerce Committee moved the nominations of Gigi Sohn to the FCC and Alvaro Bedoya to the FTC, but it came in a tie vote that sets up a more complicated path to their ultimate confirmations.
The 14-14 vote along party lines for each nomination means that the committee will “report” the tie to the Senate…
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By Ted Johnson
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FTC Nears Decision On Whether To Challenge Amazon-MGM Merger – Report
The FTC is set to decide over the next few weeks whether to bring an antitrust lawsuit against Amazon's planned merger with MGM. The Information reported this evening that the U.S. regulator is exploring actions that include hiring expert witnesses.
The $8.45 billion deal was announced last May, around the same time…
Judge Lets FTC Proceed With Antitrust Lawsuit Against Facebook
A federal judge will allow an antitrust lawsuit brought by the federal government against Facebook to move forward, concluding that the Federal Trade Commission met the threshold for putting forward a valid claim of the platform’s anticompetitive conduct.
The ruling (read it here) by U.S. District Judge James Boasberg…
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By Ted Johnson
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WGA, Public Interest Groups Ask FTC To Block Amazon-MGM Deal; Slam “Clear Pattern Of Monopolistic Practices”
Thirty-four groups from the Writers Guild of America West to Public Citizen to Demand Progress have appealed to the Federal Trade Commission to block Amazon's proposed acquisition of MGM, which they say reflects the e-commerce giant's growing dominance.
The $8.45 billion deal announced in May – which hands Amazon…
Feds Hit Facebook With Amended Antitrust Suit After First One Tossed
The Federal Trade Commission on Thursday filed an amended complaint against Facebook in a reboot of an earlier lawsuit charging the world’s largest social media platform of using anti-competitive tactics “that helped cement its monopoly.”
The amended complaint was filed in the U.S. District Court for the District of…
Labor Union Coalition Lobbies FTC To Block Amazon-MGM Deal: Sees “Harmful Vertical Integration In Film Industry”
The Strategic Organizing Center (SOC), a federation of labor unions repping close to 4 million workers, Wednesday called on the Federal Trade Commission to reject Amazon's proposed $8.45 billion acquisition of MGM as a newly vigilant FTC is in the process of scrutinizing the deal that was announced in May.
In a letter…
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