WSJ: Facebook reaches $5 billion FTC settlement

The inevitable has happened for Facebook. After weeks of reports that the company was working to settle with the Federal Trade Commission (FTC) over its privacy practices, the two parties have finally come to an agreement. The Wall Street Journal rep...

Federal judge rules Qualcomm violated antitrust rules

Roughly five months after the Federal Trade Commission and Qualcomm entered the courtroom over charges that Qualcomm engaged in anti-competitive behavior, a federal judge has sided with the FTC. In a decision shared Tuesday night, US District Judge L...

Facebook co-founder urges FTC to break up the company

Facebook co-founder Chris Hughes has joined the chorus of prominent voices calling for regulators to break up the social networking colossus. In a New York Times op-ed, he wrote that his college roommate and Facebook CEO Mark Zuckerberg had "unchecke...

FTC sues ‘iBackPack’ founder for deceiving crowdfunding backers

After a months-long investigation into the practices of the crowdfunding campaign for iBackPack, the Federal Trade Commission announced today that it will sue the company's founder for misusing funds provided by backers. According to the agency, proj...

Facebook’s FTC fine could cost it between $3 and $5 billion

Although Facebook's growth has slowed down over the past year, all the controversies it has faced in recent months haven't had an effect on its bottom line. But that may be changing. Today, during its Q1 2019 earnings report, Facebook reported a tota...

The FTC will hold a public workshop on loot boxes in August

The Federal Trade Commission pledged in November to investigate loot boxes, and it's set out the timeline for the first steps in the process. It will hold a public workshop on August 7th to look into consumer protection issues linked with them.

FTC fines Office Depot $25 million for bogus virus scans

Office Depot agreed this week to pay a $25 million settlement with the Federal Trade Commission for allegedly lying to customers in order to get them to pay for tech support. The retailer offered consumers a free virus scan, which would claim to the...

Facebook reportedly negotiating multibillion dollar fine with FTC

Facebook is reportedly facing a record-breaking fine for its recent privacy lapses. According to the Washington Post, the social networking giant is negotiating an agreement with the Federal Trade Commission that would result in a multibillion penalt...