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FTC

Illumina to divest cancer test maker Grail after antitrust battles

Illumina to divest cancer test maker Grail after antitrust battles

Mon, Dec 18, 2023

Grail will continue to be held separately with committed funding from Illumina for the company's business through the divestment process, the former said in a separate statement.

FTC investigates OpenAI over concerns about personal data and reputational harm

FTC investigates OpenAI over concerns about personal data and reputational harm

Fri, Jul 14, 2023

The FTC is investigating OpenAI, the artificial intelligence company backed by Microsoft, over potential harm to consumers. The agency is looking into whether OpenAI's AI models have put personal reputations and data at risk.

Amazon duped millions on Prime subscription, alleges FTC lawsuit

Amazon duped millions on Prime subscription, alleges FTC lawsuit

Thu, Jun 22, 2023

The FTC has accused Amazon of tricking customers into buying expensive Prime memberships instead of the cheaper Prime Video subscription. The FTC alleges that Amazon's website design confuses customers and fails to clarify the enrollment process. Customers are redirected and encouraged to sign up for the more expensive Prime membership, even if they only want to watch Prime Video.

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Facebook confirms Zuckerberg interviewed in FTC investigation

Facebook confirms Zuckerberg interviewed in FTC investigation

Fri, Aug 21, 2020

Facebook faces similar probes by the Justice Department and by state attorneys general and has said the investigations are looking at prior acquisitions and business practices involving "social networking or social media services, digital advertising, and/or mobile or online applications."

FTC sues Cambridge Analytica over 'deceptive practices'

FTC sues Cambridge Analytica over 'deceptive practices'

Thu, Jul 25, 2019

The Federal Trade Commission (FTC) has also sued Cambridge Analytica - the data firm accused of harvesting data on millions of Facebook users without consent, after announcing a record fine of USD 5 billion for the social networking giant.

Equifax to pay USD 700 million in a settlement over 2017 data breach: Report

Equifax to pay USD 700 million in a settlement over 2017 data breach: Report

Tue, Jul 23, 2019

Equifax Inc is reportedly nearing a USD 700 million settlement with the US Federal Trade Commission (FTC) over a massive data breach in 2017. The Wall Street Journal has reported that the settlement money would also resolve a nationwide consumer class-action lawsuit against Equifax. The 2017 data breach exposed nearly social security numbers and other sensitive personal information of nearly 150 million Americans.

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