Some of America’s largest tax-prep companies have spent years sharing Americans’ sensitive financial data with tech titans including Meta and Google in a potential violation of federal law — data that in some cases was misused for targeted advertising, according to a seven-month congressional investigation.
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The Federal Trade Commission on Monday sued to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger.
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The Federal Trade Commission on Wednesday accused Facebook-parent Meta of violating its landmark $5 billion privacy settlement and called for toughening up restrictions on the company, after alleging Meta has improperly shared user data with third parties and failed to protect children as it has promised.
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For years, Microsoft flew under the radar as policymakers around the world went after Amazon, Facebook and Google as some of the biggest alleged threats to fair competition.
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Meta is forging ahead with plans to let teenagers onto its virtual reality app, Horizon Worlds, despite objections from lawmakers and civil society groups that the technology could have possible unintended consequences for mental health.
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Amazon closed its acquisition of health care provider One Medical and its parent in a $3.9 billion deal on Wednesday, hours after the Federal Trade Commission said it would not challenge the purchase but that regulators were still investigating potential competitive and consumer harms of the transaction.
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A federal grand jury has charged four members of the Chinese People’s Liberation Army with hacking Equifax and stealing personal data and trade secrets in one of the largest hacks on record. Attorney General William Barr said Monday that the scale of the theft in 2017 was “staggering” and the suspects obtained information for nearly 150 million Americans. […]
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The Federal Trade Commission announced a $5 billion settlement with Facebook on Wednesday to end an investigation into the company’s privacy practices. It’s a record penalty that shows the federal government taking a harder stance against tech firms but one that may stop short of changing how Silicon Valley does business. Facebook will be required […]
