The White House announced new actions against “junk fees” on Wednesday. The proposed rule by the Federal Trade Commission (FTC) aims to ban hidden and bogus charges. Under this rule, corporations will be required to include all mandatory fees when communicating prices to consumers. The goal is to make it easier for customers to compare …
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British competition regulators have given preliminary approval to Microsoft’s restructured $69 billion deal to acquire video game maker Activision Blizzard. This approval is a significant step forward for one of the largest tech transactions in history. The Competition and Markets Authority has stated that the updated proposal addresses previous concerns about stifling competition in the …
Parents are now able to apply for refunds for in-app purchases made on the popular video game Fortnite without their permission. To facilitate this process, the Federal Trade Commission (FTC) has launched a dedicated portal for Fortnite claims. In an effort to inform potentially impacted individuals, the FTC has begun contacting over 37 million people …
UPDATE Sep 20, 2023 4:16 PM CDT The Federal Trade Commission (FTC) has initiated contact with 37 million individuals to inform them about the possibility of receiving refunds for in-game purchases made in the popular online game Fortnite. Last year, Epic Games agreed to pay a settlement of $520 million, out of …
According to sources familiar with the matter, it has been reported by the Wall Street Journal that the Federal Trade Commission (FTC) may take legal action against Amazon later this month. This comes after the company failed to offer any concessions to settle antitrust claims. The lawsuit will specifically target Amazon’s logistics program, Fulfillment by …
Twitter, the social media giant that recently requested the termination of its consent order with the Federal Trade Commission (FTC), has made a court filing stating its intention to subpoena Senator Elizabeth Warren in relation to this ongoing legal battle. After Elon Musk assumed control of Twitter, the company underwent significant downsizing and cost reductions, …
The Federal Trade Commission (FTC) has taken a new approach in its battle against Microsoft’s $75 billion acquisition of game-maker Activision. The agency has withdrawn its case before an in-house judge, a move that signifies a setback in their pursuit to block the deal. Previously, the FTC’s attempts to halt the transaction were denied by …
Twitter has submitted a subpoena to obtain the communication records of Senator Elizabeth Warren. The request specifically targets her correspondence with the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC). Senator Warren wrote a letter to the SEC urging an investigation into Tesla and its potential conflicts of interest following CEO Elon …
In an unprecedented move, Activision Blizzard and Microsoft have agreed to extend the deadline for their monumental $75 billion deal by an additional three months, now set to close on October 18. This extension was necessitated by the companies’ ongoing efforts to secure approval from UK regulators, which became a crucial step due to recent …