The Federal Trade Commission’s settlement resolves its investigation into how the company lost control over user data.
The company made a deal to resolve federal investigations into the sales and marketing of an opioid addiction treatment by its former business Indivior.
The companies allegedly structured a deal so it would not be delayed by U.S. pre-merger notification laws.
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.
Calls for regulating companies like Amazon, Facebook, and Google out of existence are misguided, says Canada's former competition commissioner.
The Algorithmic Accountability Act would require companies to ensure their automated decision-making systems comply with discrimination law.
“The FTC needs to get past its laser-focus on consumer prices, and figure out what competitive harm means in today’s tech markets.”
The company's Q1 results may fuel hopes that it “can shake off the effects of a two year-old governance scandal and a big regulatory squeeze.”
The FTC says the lender collected “hundreds or even thousands of dollars” as an upfront fee while telling consumers it charged "no hidden fees" on loans.
The commission says JM Smucker's proposed purchase of the brand from Conagra would lead to higher prices for retailers and consumers.
Failing to investigate the massive data breach would put “145 million Americans at risk [and] is malpractice,” says a top Democrat in the Senate.
If confirmed, Joseph Simons "will immediately jump into some contentious issues," including calls for greater scrutiny of big internet companies.
