California, 21 states sue Amazon over rigged ad auctions
#AmazonLawsuit #FTCCalifornia and 21 states joined the FTC suing Amazon, alleging it rigged ad auctions, inflating costs for advertisers and consumers. Amazon denies the claims, calling the lawsuit misguided. Regulators say billions were extracted. read more
California Joins 21 States Suing Amazon Over Ad Auctions
#AmazonLawsuit #FTCCalifornia and 21 states joined the FTC suing Amazon, accusing it of rigging ad auctions and secretly inflating costs for brands, extracting billions and raising consumer prices. Amazon denies the claims. read more
FTC Sues Amazon Over Alleged Ad Pricing Scheme
#FTC #AmazonLawsuitFederal regulators sued Amazon, alleging it secretly overcharged advertisers via rigged auctions, costing billions. Twenty-two states joined the FTC lawsuit, Amazon's third federal case. Amazon denies claims, citing flat ad costs. This follows a $2.5 billion Prime settlement and monopoly trial. read more
FTC Investigation Threatens Shein’s $50 Billion IPO
#Shein #FTCShein disclosed a federal investigation by the FTC into its U.S. operations, warning of potential significant fines. The fast-fashion giant, facing labor scrutiny and weakening sales, is cooperating with the probe as it pursues a Hong Kong IPO. read more
FTC Sues Hims & Hers Over Health Data Sharing
#FTC #HealthPrivacyFTC sues Hims & Hers for allegedly sharing sensitive user health data with Meta and Snap despite privacy promises. The company also faces accusations of deceptive billing and cancellation practices. Hims & Hers stock dropped 12%. read more
Former FTC commissioners file lawsuit challenging Trump administration terminations
#FTC #TrumpAdministrationRebecca Kelly Slaughter and Alvaro Bedoya, two Democratic FTC commissioners fired by Donald Trump, filed a lawsuit challenging their terminations as unlawful. They claim Trump violated federal laws and the constitution. The lawsuit aims to reinstate them to serve their terms. read more
FTC Chair Warns Kroger-Albertsons Merger Could Raise Grocery Prices
#FTC #grocerymergerThe FTC chairperson, Lina Khan, expressed concern on CBS's 60 Minutes about the Kroger-Albertsons merger, predicting increased costs for consumers. The FTC is working to halt the $24.6bn deal, arguing it may eliminate competition, leading to higher grocery prices. read more
FTC Chief Plans Probe Into Grocery Store Price Inflation
#FTC #grocerypricesThe Federal Trade Commission's head, Lina Khan, proposes an investigation into grocery stores regarding inflated prices, focusing on potential anti-competitive practices beyond pandemic-related cost increases. Inflation concerns prompt politicians like Kamala Harris and Donald Trump to address grocery price gouging. read more
#FTC #antitrust
The US competition regulator is preparing to sue Southern Glazer’s Wine and Spirits over alleged anti-competitive pricing practices under a rarely-used 1936 law. This action is part of the Biden administration's efforts to crack down on market abuses. read more
#FTC #noncompete
The Federal Trade Commission in Washington DC votes to ban noncompete agreements that prevent employees from working for competitors, affecting about 30 million workers. The Biden administration targets these agreements due to their negative impact on worker mobility and job market competition. read more