Tag: FTC
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US Senators Urge FTC and SEC Probe Facebook and Instagram Scam Ads
Bid to curb scam ads targets Facebook and Instagram revenue Two prominent U.S. senators have urged federal regulators to scrutinize how revenue is generated from deceptive advertisements on Facebook and Instagram. Senator Josh Hawley and Senator Richard Blumenthal sent letters to the chairs of the Federal Trade Commission (FTC) and the Securities and Exchange Commission…
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US Senators Push FTC and SEC to Probe Scam Ads on Facebook and Instagram
Overview: Senators Demand Accountability for Ad Revenue Tied to Scams Two influential U.S. lawmakers are escalating pressure on federal regulators to scrutinize how revenue from advertisements on Facebook and Instagram may be funding scams and the promotion of banned goods. Senators Josh Hawley (R-Mo.) and Richard Blumenthal (D-Conn.) have formally urged the heads of the…
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US Senators Urge FTC and SEC Probe into Scam Ads on Facebook and Instagram
Lawmakers Press for Oversight of Social Media Advertising Two prominent U.S. senators have escalated their push for stronger scrutiny of online advertising, asking the heads of the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to investigate whether revenue from ads on Facebook and Instagram is fueling scams and the promotion of…
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Judge Rules Meta Antitrust Victory: No Spinoff of WhatsApp and Instagram
Meta Wins Antitrust Case: What the Ruling Means A federal judge has ruled in Meta’s favor in a long-running antitrust lawsuit brought by the Federal Trade Commission (FTC). The court rejected the FTC’s bid to force the social media company to unwind two of its biggest acquisitions, WhatsApp and Instagram, arguing that the merger-driven business…
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Judge Sides with Meta in Antitrust Trial, Upholding WhatsApp and Instagram
Overview: A Victory for Meta A federal judge ruled against the Federal Trade Commission in its high-profile antitrust suit accusing Meta of stifling competition and cementing a monopoly through acquisitions. The decision, handed down on Tuesday, marks a decisive turn in Meta’s favor and allows the tech giant to maintain ownership of WhatsApp and Instagram,…
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Meta Wins Antitrust Case: WhatsApp and Instagram Fate Remains Intact
Overview: A Major Legal Victory for Meta A federal judge ruled in favor of Meta on Tuesday, delivering a setback to the Federal Trade Commission in a high-stakes antitrust lawsuit. The FTC had argued that Meta’s acquisitions of nascent competitors hindered competition and helped cement a dominant position in social media. The court’s decision means…
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US Government Shutdown: What’s Happening, Who’s Affected, and What Comes Next
What’s happening right now The United States government began a full shutdown at midnight after lawmakers failed to reach a funding agreement. Democrats, led in part by Senate Majority Leader Chuck Schumer and House Democratic Leader Hakeem Jeffries, want any stopgap funding measure to include an extension of enhanced ACA premium tax credits. President Donald…
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FTC Investigates AI Chatbots’ Impact on Children
Introduction The Federal Trade Commission (FTC) has launched a significant inquiry into the effects of artificial intelligence (AI) chatbots on children, specifically targeting tech giants including Google, OpenAI, and Meta Platforms. This move reflects growing concerns regarding the safety and well-being of young users in an increasingly digital world. The Scope of the FTC Inquiry…
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FTC Investigates AI Chatbots’ Impact on Children
Introduction to the FTC Inquiry The Federal Trade Commission (FTC) has initiated an inquiry into some of the leading tech companies, including Alphabet Inc.’s Google, OpenAI, and Meta Platforms Inc. This investigation focuses on the effects of artificial intelligence (AI) chatbots on young users, raising significant concerns about their safety and wellbeing. The Purpose of…
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Meta, OpenAI Face FTC Inquiry on Chatbot Impact on Kids
Introduction The Federal Trade Commission (FTC) has initiated a significant inquiry into the impacts of artificial intelligence (AI) chatbots on children. This investigation targets major tech giants, including Alphabet Inc.’s Google, OpenAI Inc., and Meta Platforms Inc., demanding crucial information regarding the effects their technologies may have on young users. The FTC’s Concerns With the…