Facing outrage over its handling of internal research on harm to teens from Instagram, a Facebook executive is telling Congress that the company is working to protect young people on its platforms.
The order includes calls for banning or limiting noncompete agreements to help boost wages and for allowing rule changes that would pave the way for hearing aids to be sold over the counter at drugstores, among other things.
Amazon contends that FTC Chair Lina Khan's past public criticism of Amazon's market power makes it impossible for her to be impartial in FTC antitrust investigations.
A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants.
President Joe Biden has installed an energetic critic of Big Tech as a top federal regulator at a time when the industry is under intense pressure from Congress, regulators and state attorneys general.
The CEOs of social media giants Facebook, Twitter and Google face a new grilling by Congress Thursday, one focused on their efforts to prevent their platforms from spreading falsehoods and inciting violence.
The GameStop episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both parties are among the skeptics.
Federal regulators asked for Facebook to be ordered to divest its Instagram and WhatsApp messaging services as the U.S. government and 48 states and districts accused the company of abusing its market power.
The Senate Judiciary Committee will hear testimony from Facebook's Mark Zuckerberg and Twitter's Jack Dorsey as the panel examines the social media giants' role in the election.
The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook's Mark Zuckerberg and Google's Sundar Pichai to testify for a hearing Wednesday. The CEOs agreed to appear remotely after being threatened with subpoenas.
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