Items tagged with FTC
The Federal Trade Commission is warning the American people to be on guard as threat actors are making use of business and government impersonation scams to do serious damage. The agency is reporting a combined loss of over $1.1 billion in 2023 due to these types of fraud, which is three times as much as what the...
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A rough week for team Xbox just got a bit tougher as the Federal Trade Commission (FTC) has officially filed a complaint in a federal appeals court in regard to its decision to lay off 1,900 employees last month. The FTC is continuing to probe Microsoft’s acquisition of Activision Blizzard on anti-trust...
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The United States Federal Trade Commission is dropping the ban hammer on Rite Aid after finding the company’s use of AI facial recognition technology, which was used in hundreds of its stores, was harmful to consumers. The retailer will not be able to use this technology for five years while it settles the charges...
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in a recent filing with the United States Securities and Exchange Commission (SEC), Adobe disclosed that it has been cooperating with the Federal Trade Commission (FTC) as the agency investigates the software maker's subscription cancellation policy. If the FTC finds that Adobe violated the Restore Online Shoppers'...
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The United States Federal Trade Commission is issuing a new warning to Americans regarding the malicious use of QR codes. This is important information because QR codes are being used more and more as a convenient way of setting up devices or sending someone to a specific website. However, bad actors are now seeing it as an opportunity to
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Despite consumers complaining that Apple devices are a pain in the neck to repair, Apple has announced that it will back a US right-to-repair bill. The bill is part of President Biden's attempt to promote competition and end "junk fees" and other actions that increase the price of products for customers.
Apple's...
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The Federal Trade Commission (FTC) and 17 state attorney generals are taking a big swing at Amazon with a 172-page lawsuit alleging an "ongoing pattern of illegal conduct" to block competition. According to the lawsuit, Amazon's list of infractions includes things like inflating prices and putting the squeeze on...
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The Federal Trade Commission (FTC) has cleared the way for anyone charged for unwanted purchases in Fortnite to possibly get some of their money back. Those who feel they were charged unnecessarily can now apply for a refund as part of a $245 million agreement between the FTC and Epic Games.
The formal complaint by...
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The Federal Trade Commission has launched an investigation into OpenAI in regard to whether or not the Microsoft-backed company has engaged in unfair or deceptive privacy or data security practices. The FTC sent a letter to OpenAI, stating the AI company as soon as possible to schedule a telephonic meeting to discuss...
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Microsoft's attempt to acquire Activision-Blizzard-King reaches a new height of drama as the deal faces the scrutiny of the Federal Trade Commission (FTC) in court. The first day of the hearing was filled with a jaw-dropping email and Microsoft declaring it had already lost the console battle.
Sony has been the...
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Who could have expected that it would be rather difficult to spend $69 billion to acquire another company? Despite the green light from the European Union for Microsoft to acquire Activision-Blizzard last month, the Redmond-based company has hit yet another roadblock. The FTC has elected to go after a temporary...
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The Federal Trade Commission (FTC) has proposed a new rule that would make canceling a recurring subscription and/or membership as easy as signing up. The "click to cancel" provision is one of several updates the FTC is suggesting in regards to subscriptions and recurring payments.
Anyone that has ever signed up...
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The Federal Trade Commission (FTC) finalized an order that requires Epic Games to pay $245 million to consumers. The settlement is in regard to accusations that the company "used dark patterns to trick players into making unwanted purchases" in the highly popular Fortnite game.
The formal complaint was made known...
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Microsoft seems to have positioned itself well with EU regulators after recent deals it closed with Nintendo and NVIDIA. The deals with the two companies guarantee access to the coveted Call of Duty franchise for at least 10 years.
Microsoft's plan to acquire Activision-Blizzard-King has been a bit of a test for...
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Scammers are real pieces of...work (substitute any word you like) as they rarely display any scruples—they prey on the elderly, think nothing of wiping out someone's hard-earned life savings, and are opportunistic predators. That latter part is especially relevant right now with Valentine's Day upon us. According to...
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Activision-Blizzard CEO Bobby Kotick sends a message to UK regulators ahead of its provisional findings on the $69 billion Microsoft acquisition. Kotick believes opposing the deal would cause the UK to become a "Death Valley" for tech.
Microsoft's attempt to acquire Activision-Blizzard has been a road filled with...
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Microsoft's bid to buy Activision-Blizzard Entertainment has faced a tough road and the tech giant believes it is about to get harder. The company is already facing opposition from the European Commission and the Federal Trade Commission (FTC).
As soon as Microsoft announced its intent to buy Activision-Blizzard...
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This Activision-Blizzard-King sale to Microsoft has been contentious, to say the least. Regulators from the UK and the EU have piped up on the issue, a group of individual gamers are suing to block the purchase, and even the United States Federal Trade Commission is stepping in to nix the merger. Microsoft has now...
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Epic has reached a settlement with the Federal Trade Commission (FTC) over allegations of privacy violations and unwanted charges. The company will pay a total of $520 million in relief over the allegations.
Many children and adults alike have become enthralled with the highly-popular Fortnite video game from Epic...
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The Federal Trade Commission has voted to issue an administrative complaint against Microsoft Corp.'s acquisition of game developer Activision-Blizzard. The announcement follows Microsoft's agreement with Nintendo concerning the highly-popular Call of Duty franchise.
Just a mere two days ago, Xbox CEO Phil Spencer...
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It seems like regulators are starting to push more thorns into Microsoft's sides lately. The United States' Federal Trade Commission (FTC) is probably going to take a gander at this $69 Billion acquisition. Tacking on to the the headache Microsoft is already experiencing thanks to the EU Commission investigation and...
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Everywhere you look there is someone who is trying to convince you to invest in cryptocurrency. Unfortunately, many of these promos are simply a scam. The Federal Trade Commission (FTC) recently reported that Americans have lost over $1 billion USD to cryptocurrency scams.
An FTC report noted that more than 46,000...
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