-
Twitter Faces Up To $250M FTC Fine Over Allegedly Using Private Data For Targeted Advertising
Monday, August 3, 2020 - 11:01pm | 428Read More...Twitter Inc (NYSE: TWTR) revealed Monday the United States Federal Trade Commission could impose a fine of up to $250 million on the social media company for allegedly using private user information for targeted advertising. Twitter Violated User Privacy, Complaint Says The Jack Dorsey-...
-
Feds: Railroads' Rate Discussions Can Be Evidence In Price-Fixing Lawsuits
Thursday, July 16, 2020 - 4:21pm | 793Read More...Class I railroads' discussions about setting local and interline rates can be included as evidence in dozens of shippers' lawsuits over price fixing in the 2000s, various federal agencies have concluded. Attorneys with the U.S. Department of Justice, speaking on behalf of itself, the Federal Trade...
-
Nomura: Don't Break Up With Match Group Over FTC Lawsuit
Monday, October 7, 2019 - 3:12pm | 369Read More...Investors should consider giving Match Group Inc. (NASDAQ: MTCH) some love, another sell-side analyst said Monday, predicting a federal lawsuit over its marketing won’t cause any long-term heartbreak. The Analyst Nomura Instinet’s Mark Kelley upgraded Match Group from Neutral to Buy and...
-
House Bill Would Halt Undisclosed Resort Fees
Friday, September 27, 2019 - 11:17am | 441Read More...Here's the scenario: you think you found a great deal on a hotel on Booking Holdings Inc (NASDAQ: BKNG)’s Priceline.com or Expedia Group Inc (NASDAQ: EXPE). You go to check-in at the lobby, only to find you are hit with a hidden $40 resort fee. Ouch. It’s a feeling travelers...
-
Match Group's Shares Fall After FTC Sues Company For Fake Love Interest Ads
Wednesday, September 25, 2019 - 11:50am | 242Read More...Match Group Inc (NASDAQ: MTCH) shares were trading lower after it emerged the Federal Trade Commission is suing the company for using fake love interest ads. The FTC alleges the company used fake love interest advertisements to trick hundreds of thousands of consumers into purchasing paid...
-
Google Fined $170M By FTC Over Accusations Of Child Privacy Violations By YouTube
Wednesday, September 4, 2019 - 10:55am | 562Read More...Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) has been slapped with a $170-million fine for illegally collecting the personal information of kids without parental consent, the Federal Trade Commission said in a statement Wednesday. This is the latest of the data and privacy scandals that...
-
What You Need To Know About Changing Debt-To-Income Ratio, Mortgage Qualifications
Thursday, July 25, 2019 - 5:53pm | 603Read More...Fannie Mae, Freddie Mac and Ginnie Mae control about 70% of single-family mortgage originations. Although they are not quick to change the qualification standards, the government-sponsored enterprises frequently play with the debt-to-income ratio, or DTI. What The Ratio Means For...
-
WSJ: More Government Scrutiny Coming For Big Tech Companies
Tuesday, July 23, 2019 - 5:34pm | 379Read More...The big tech companies that dominate internet search, online shopping and social media will come under more scrutiny with the Justice Department reportedly broadening a government investigation into the sector. What Happened The Wall Street Journal reported Tuesday afternoon that the Department of...
-
Facebook, FTC To Settle Privacy Charges For $5B
Friday, July 12, 2019 - 4:07pm | 332Read More...The Federal Trade Commission has agreed to settle with Facebook Inc (NASDAQ: FB) over privacy allegations for about $5 billion, according to a Dow Jones report. The news agency cited an unnamed source in reporting that a majority of FTC commissioners have agreed on the settlement. The settlement...
-
WSJ: Emails May Show Zuckerberg Knew Of Privacy Problems At Facebook
Wednesday, June 12, 2019 - 1:07pm | 551Read More...Internal company emails being examined in connection with a Federal Trade Commission investigation into privacy practices at Facebook Inc. (NASDAQ: FB) may show CEO Mark Zuckerberg knew of questionable privacy practices, according to a Wednesday report from The Wall Street Journal. Shares of...
-
Facebook Falls Following Reports Of Potential FTC Probe
Monday, June 3, 2019 - 1:03pm | 287Read More...Facebook Inc. (NASDAQ: FB)'s stock fell Monday following reports the Federal Trade Commission "will lead an antitrust investigation under an arrangement that gives the Justice Department chief oversight" of Alphabet Inc. (NASDAQ: GOOGL)(NASDAQ: GOOG)'s Google. It seems U.S....
-
Alphabet's Google Braces For Antitrust Investigation From The Justice Department
Sunday, June 2, 2019 - 3:45pm | 397Read More...The U.S. Justice Department is preparing for an antitrust investigation of Alphabet Inc. (NASDAQ: GOOG)(NASDAQ: GOOGL)’s Google. Officials from the Justice Department’s Antitrust Division and the Federal Trade Commission, which also enforces antitrust law, let in recent weeks to give...
-
What You Need To Know About The FTC Win Over Qualcomm
Wednesday, May 22, 2019 - 7:50am | 302Read More...Qualcomm Inc. (NASDAQ: QCOM) stock plummeted Wednesday morning following reports the Federal Trade Commission has won the antitrust case against Qualcomm in the Northern District of California. What Happened The FTC states that the San Diego-based chipset maker violated the FTC Act, and unlawfully...
-
This Day In Market History: The Department Of Commerce And Labor Is Born
Thursday, February 14, 2019 - 8:42am | 356Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On this day in 1903, under the Roosevelt administration, Congress established the U.S. Department of Commerce and Labor. Where The Market Was The S&P 500 had started the month...
-
UK Parliament Leaks Facebook Emails Suggesting Anti-Competitive Inclinations
Thursday, December 6, 2018 - 9:55am | 481Read More...Facebook, Inc. (NASDAQ: FB) was set to open down 3 percent Thursday after the U.K. Parliament released a cache of seized emails late Wednesday. What Happened Correspondence between CEO Mark Zuckerberg and fellow executives revealed intent to stifle competition and to monetize user data via various...
