Economy Oct 19 Facebook paying fine to settle U.S. suit on discrimination Facebook is paying a $4.75 million fine and up to $9.5 million to eligible victims to resolve the Justice Department's allegations that it discriminated against U.S. workers in favor of foreigners with special visas to fill high-paying jobs.
Economy Oct 18 House committee threatens Amazon with criminal investigation into market dominance U.S. House lawmakers are threatening to seek a criminal investigation of Amazon, saying the tech giant has one "final chance" to correct previous testimony by executives on its competition practices.
Economy Oct 14 Federal regulators warn companies that fake reviews on social media could mean fines "The rise of social media has blurred the line between authentic content and advertising, leading to an explosion in deceptive endorsements across the marketplace," the FTC said in a news release Wednesday.
Nation Oct 04 WATCH: Facebook whistleblower testifies to Senate on children and social media A former Facebook data scientist told Congress on Tuesday that the social network giant's products harm children and fuel polarization in the U.S. while its executives refuse to change because they elevate profits over safety.
Nation Sep 30 WATCH: Facebook head of safety testifies during hearing on social media mental health harms 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.
Politics Jul 09 WATCH: Biden signs competition order targeting big business 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.
Economy Jun 30 Amazon asks for FTC head to step aside from antitrust investigations 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.
Economy Jun 29 Judge dismisses government antitrust lawsuits against Facebook 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.
Economy Jun 17 Biden’s Federal Trade Commission pick is an energetic critic of Big Tech 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.
Politics Mar 25 WATCH: Congress press Big Tech CEOs over speech, misinformation 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.