36 Burst results for "FTC"
Fresh update on "ftc" discussed on Geek News Central
"And chiefs achieve fight certification by twenty twenty. Six and of course will be very expensive. A lot of electric stations starves are competing brisk company bring in aftermarket even as wooo copter released this new design the company's primary focus on launching an air taxi service so which we use a smaller velocity aircraft in singapore by twenty twenty three. So we'll see what happens here. They have to go through the eu aviation safety administration and the case a singapore the relevant aviation authority there and good luck getting it here in america so those of you that are signing up for apple music may know that with the release of iowa's fourteen point six release candidate apples preparing to release apple music lossless so those view that Our audience files and this is exciting news. But you have earbuds. Those aren't going to support it. But they believe that. There's a truly new wireless in ear. Beats remember. apple owns beats that are going to be coming to market. So they think this is what is going to be part of the announcement sometime in early june about the lossless apple music offering now amazon announced something today as well. I'll get to that here in a few minutes. But based on what. The folks at nine to five mac found beats studio. Buzz also feature an apple chipped offer instant pairing in the. Hey siri feature compared to cured powerbeats pro beats maybe pizzas of by apple by. I thought it was But anyway we'll see an according to apple cordy rubers apples also working third generation airpods but no mention those were found in today's irs. Release so we'll see and Gave a good internet connection. Be able to listen to lossless. Music nopd a crappo. Mp threes that you get to listen to now quote unquote. Facebook is interestingly once other companies to use their oversight board. Why would i want us. Facebook's oversight or facebook the oversight board halibut solve its most difficult content moderation decisions but though the body is often referred to as the facebook supreme court baseball executives have suggested some of their peers could one day benefit from the board services to now such a move would have obvious benefits facebook which would be able to claim their experiment with self-regulation is so successful that their competitors choice chose to join in. But can you imagine being a competing platform and what incentive there is to doing so so it's interesting. It's an interesting idea but Anyway there's very long article on this about the potential. The white people won't and facebook's political play in this regard so again i think competing platforms have little incentive to participate in going to facebook way now if you're buying cryptocurrency i want you to listen. There's a lot of cryptocurrency movements right now. It's up down a down a down and there's a lot of people making accounts impersonating people making wild claims elon. Musk has been impersonated. The most but elon musk. Impersonators have stolen more than two million dollars in cryptocurrency since october. You should never ever send your cryptocurrency that you have purchased this summer. That's going to say. I'm going to double triple or quadruple your money because once you send that money to someone it is gonna promises of guaranteed huge returns or claims your cryptocurrency will be multiplied are always scams always scams. The ftc said in its report. It was released today for years. Scammers has poed as musk and order fraud. Social media users out of cryptocurrency. They used his. Septic tap bigs on sites like twitter off using the same avatar images as moscone account and slightly misspelling his username pretending to be musk's scammers aspect gibson. See to a specific wallet dressed in exchange for receiving large payments in return. This goes against twitter's policy on deceptive accounts. But they can't keep up with everything since last. October consumers have reported losing more than eighty million dollars in cryptocurrency scams increasing more than ten full year over ear and consumers who's around nineteen hundred dollars on average through these scams and again two million because of people impersonating elon. Musk so Be very very wear. Okay don't send your grip delta. Nobody goofy you know the cameras. I don't have any. Up cameras but some of you have up cameras in your baby rooms. Movie blames a software bug for breach expose users video footage to strangers and another thing. People are doing if you buy. Listen to me if you buy a camera system security system that's wired in. Your house is ip based those cameras have used any password loggins. And if they guess you'd have your network set up they'll never jump across but you have to be very very careful. Make sure you change the username and passwords for those cameras so that you don't get trouble k. Just beware of that because you can so all my cameras have a administrative username password. That i implemented. It's not the public one or one that's not even exist so Be careful on these on these digital cameras that ub blames it software bug for breach expose users video and they quote unquote fix they tell to unplug your device and plug it back in. I guess that's what's it'll beat but It's been going on for a couple of days. Apple watch launches a pride edition band celebrate. Lgbtq plus community the new band celebrating the community on the international day against homophobia chance via and bi phobia so Show your support. Michael went out there and Getting the pride edition band so Kinda cool cooper apple to do that link. Be up the show notes. She could find information about it. Amazon's launching a new help safety initiative designed to have workplace injuries. Now listen to this. Apparently they get a lot of people get hurt in their warehouses. The new program launching i nited states includes physical and mental exercises helping eat healthy eating tips and mindfulness and meditation tools amazon else working. Well a new slate of health and safety initiatives aimed at reducing workplace injuries working wells part e commerce science three hundred million dollar investment into safety projects with the goal of cutting recordable instance by fifty percent by twenty twenty five amazon said that forty percent were really. The injuries include sprains and strains from predator moshe according to release pilot programs from working. Well help.
FTC and EU Warn They Could Crack Down on Biased AI
"The federal trade commission issued a strongly worded post monday warning companies against unfair or deceptive practices in their use of ai as well as violations of fair credit rules it told companies to hold themselves accountable for their algorithms or quote. Be ready for the ftc to do it for you. Dang and also this week the european union drafted detailed legislation that would regulate a including banning some surveillance and social credit scores. Let's check it out and quality assurance the segment where we take a deeper look at big tech story. Kahlo is a law professor at the university of washington. He says the ftc post was a surprise and as reading through it. My eyes were getting bigger and bigger and bigger. And i'm just sort of marveling at the language that the that the staff attorney his use but basically it's a shot across the bow for those people who are using and selling systems warning them that if they exaggerate claims about a i or if they sell ai that has a racially discriminatory on a fact that they should expect scrutiny from the federal trade commission. I guess my response. When i first saw that note though was we don't really have metrics for this. You know there's no consensus on how to judge whether ai is biased. The ftc is understaffed. Like how meaningful is the threat. Really remember that. The federal trade commission doesn't necessarily need to establish this or that algorithm is fair according to some metric. What they have to establish is that the company engaged in unfair or deceptive practice. Take for example. The the warning that you shouldn't make claims about what artificial intelligence can do that or not supported by the evidence right that's quite analogous to another context where you might exaggerate exaggerate the efficacy of some vitamin supplement.
Supreme Court Cuts Back FTC Power to Seek Ill-Gotten Gains
"Cut back the Federal Trade Commission's authority. Recover ill gotten gains. The justices overturned a nearly $1.3 billion award against a professional race car driver who was convicted of cheating consumers through his payday loan. Business. Mixed results
FTC Challenges Illumina’s Proposed Acquisition of Cancer Detection Test Maker Grail
"Federal trade commission has filed a lawsuit seeking to block gene sequencing company alumina from acquiring grail the developer of a blood test that promises to detect cancer early. The ftc says the plan seven point one billion dollar deal would diminish innovation because test developers have no choice but to use aluminum instruments the commission alleges that the company could raise the prices at charges to growls competitors and impede their research and development efforts. The case sets up a major test for us antitrust enforcement because the proposed deal is a vertical merger of companies. That don't compete head to head. The only other litigated challenge to a vertical merger in the past forty years was the justice. Department's twenty seventeen case against at and t.'s. Acquisition of time warner which the government
Covid-related fraud has cost Americans $382 million
"$382 million has been swindled from folks through scams related to the coronavirus. As of Tuesday, almost 220,000 people have filed covert related fraud complaints since last January. The median loss of each victim is $330. It's possible that more money has been cheated out of Americans, though, as the 382 million number comes from incidents reported to the FTC by consumers that is Matt Mountains in reporting a
COVID-related fraud has cost Americans $382 million
"Schemes are costing Americans million's Matt Madison has more about $382 million has been swindled from folks through scams related to the coronavirus. As of Tuesday, almost 220,000 people have filed covert related fraud complaints since last January. The median loss of each victim is $330. It's possible that more money has been cheated out of Americans, though, as the 382 million number comes from incidents reported to the FTC by consumers, North Korea is flexing its muscles. For the
"ftc" Discussed on Marketplace Tech with Molly Wood
"And now for some related links. I if you haven't read the politico piece. There's a link at our website marketplace tech dot org. Google of course responded and there's a link to their blog post on the topic to the too long didn't read version of that post is that google says you know case closed. Commission's decision was unanimous and bipartisan. The post suggested that impact. Google's competition and especially microsoft. We're the biggest drivers behind the push to sue the company. We asked the ftc for a response. The agency refused to comment. But it pointed us to thursday's and i trust hearing in which obviously that politico article did come up both ftc. Rebecca slaughter a democrat and republican. Commissioner noah phillips said that although that decision predated their terms the agency is moving toward a posture. That's less worried about over enforcement and more worried about under enforcement and that's why you're seeing more activity in lawsuits these days. Commissioner slaughter said the ftc. Yes needs to look back at what might have done wrong and moving forward would need to quote bring hard cases even if it wasn't sure it could win. There was as you might imagine. Partisan disputes among lawmakers. About what the remedy should be for dealing with big tax democrats primarily talked about existing and trust law and monopoly power and whether companies were improperly using the monopoly power to push out competition republicans. Pretty much only wanted to talk about section two thirty and the perceived censorship of conservative voices. The republican commissioner phillips responded that antitrust and consumer protection are the ftc's job and that content moderation is not and is not an antitrust issue and by the way most analysis has shown over and over that conservative. voices are not being censored on social media. Although deliberate missing disinformation and hate speech increasingly have been so one does start to wonder just what these republicans are arguing that they'd like to see more of on facebook. A sous alvarado stephanie. Using michael lipkin produced the show. Our engineers i robin and becca wineman. I'm molly would and that's marketplace tech this this marketplace podcast is supported by uber for business finding simple and effective ways to keep employees engaged in customers. Happy is always top of mind for business owners and managers and this can be challenging when face to face. Interaction is limited. That's why there's uber's platform designed specifically for business. Batches from uber are simple to send and redeem for employees or customers companies can sign up for free immediately start delivering extra value to the people who matter most to their business. Buber for businesses offering companies a fifty dollar voucher credit. When you spend your first two hundred dollars vouchers. Go to uber. Dot com slash. Apm to learn more and get your fifty dollar voucher. credit terms and conditions apply..
Google revelations trigger swift bipartisan call for action
"All this week. Congress has been holding antitrust hearings with a specific i on big tech companies and also this week in investigation published in politico found that nearly a decade ago commissioners at the federal trade commission apparently ignored evidence. That google was building an anticompetitive monopoly in search advertising. It's a topic for quality assurance where we take a second look at big tech story in the news. Matt stoler is research director at the nonprofit election economic liberties project in two thousand twelve. The federal trade commission said we have a bunch of evidence that google is trying to monopolize the entire internet and the five commissioners voted five. Did nothing not to bring a case. So you fast. Forward eight years and google is this giant intermediates the flow of information all over the world controls the internet and there are anti-trust cases against it from a whole bunch of states and forces all over the world which are effectively the anti-trust cases that the ftc did not bring in two thousand twelve companies. Trying to get bigger is not that unusual. What was it about what google was doing at the time that suggested that there should have been a case competing by improving your product or service is what we want but competing by signing agreements to exclude your competitors so that they can't get into the market. That's the essence of antitrust law. Google pays today about ten to fifteen billion dollars a year to apple saying when consumers use their iphones and they open safari on their iphones and they do a search that search automatically goes through google. There were emails that were revealed in this case. They were in the footnotes. That said the effectively the google executives were saying. Yeah we're doing we're signing these deals to monopolize we're signing these deals to exclude competitors from the market in some ways tech with a new crash industry. Then it is clear from these papers that you know. The economists working with the ftc made some predictions that were couldn't have been more wrong. Let's say can you chalk this up to simply not understanding what was happening in the tech industry or what could happen. So one part of a broad problem of elite lawlessness in america and across the west the way that anti-trust lawyers think about the world. They just are completely out of touch that that has to do with a very old school framework where they only look at What's called consumer welfare. If something is good for consumers that's the only thing they care about and they were like. Oh google offers a bunch of free stuff. And then if they're doing that the nothing that they do is bad and the so they accepted a whole bunch of arguments from google and essentially said to the commission don't file a case meanwhile the anti-trust lawyers at the ftc. Were like yeah. This is obvious stuff. This is really. this is really bad.
Becoming Part of the UK EV Supply Chain
"We'll be speaking about the company's production techniques the benefits of using wise products and of course have the company's been adapting an pivoting during the covid nineteen pandemic so flip welcome to electric specified herein sites Coup think to kick us off. I think what will be good for. Our listeners is if you can give us a bit of background about track. Wise more what. The company does not on your involvement in the company. If the is so truck wise we were founded in nineteen eighty-nine nine designs limitation started as a printed circuit design. Bureau mood soon. Enough to manufacture and in the mid nineteen nineties was asked to make a nine foot lem prince a second vote and this very large nuts circuit was one of the la gsm gsm nine hundred by station at tennis. Oh the company in fell specialized in the manufacture of them not really really conventional printed circuit boards but products using printed circuit technology. In this case would some in it was printing on tennis again. These very large Up to sell to two point eight meters length so really for the last twenty five years. Tuck wise as making provincial infrastructure. Tata's for Industry in that has been a big big business loris. So i joined the business and we but that the company had this set had this manufacturing capability which was dead. The manufacturer Bodes my feeling. Was that if we could sell it to one. Then one company we will be able to sell it to others and i joined net. She pulled business internet in two thousand on that basis remote keble. Oh i second customer office. New custom was based in melbourne. Seth australia and we ended up in shipping tons and tons of products. That to let and it to melvin. Indem ultimately go to queens exploit that Interesting journey and but yeah so that. That's that's where we started from. And what's what would you say differentiates the flex circuits the track manufacture for mother. Fpdc's yup in kosovo am flexible printed circuits. As as a not a not a new technology was people making ftc's long before trackways was ever ever involved. Am what what we did was. We took a our existing large large format manufacturing capability and really develop it to be linked limited so that is a fundamental proposition to the mockus normally flexible printed second Size are typically six. Ten minutes is twenty four inches in length. There's a handful of people on the worldwide macy's who can make make larger boats tip avail to a certain size but really check wise offering is is length unlimited. So awhile back. The longest product we made was twenty five meters. We've made fifty meter long products. I'm damn nici this week about to launch into To making seventeen eleven product. You know so linson. Limited is a real proposition of the market. Yes i think. The graph on the track wise websites of highlighting a kind of the lengths that you guys can manufacturer as i write the case Whether liberals are going to get on this something needs pulse. I we're pretty proud of this technical ability. And it's his set me of his has gained some interest on the worldwide that we keeps promote that so much space thorough menu image. Coming them in the press. Explain a little bit more about the use of. Iht's the wiring harnesses soup today. I'd like to say it was a minute my class to teach it thinking. That was actually a an approach. Were originally buy royce. Aero-engines who looking for place the why hanis inside the aero-engines with flexible printed circuits in order to excite white and decide space because the aero-engines bake roughly eight meters the from fight to oversee the flexible printed circuits with a big rolls royce at hud. We made them met made big Badges that the reason we colder to improve thomas. Technologies is is the same reason the was originally. I'm originally developed spec in the middle of the century so that they do wolf a significant improvements conventional lot hanis
Facebook moves to dismiss federal, state antitrust suits
"Last december the federal trade commission and forty six states sued facebook accusing the company of illegally using its monopoly power to freeze out and buy up potential competitors now. Facebook is asking a federal judge to dismiss a lawsuits. It said the government suits ignore the reality of the competitive landscape and that they failed to prove that consumers were harmed as a result of facebook's actions. The ftc and the seats are due to respond to the motions. In april.
Facebook moves to dismiss federal, state antitrust suits
"Meantime, Facebook has filed a formal motion to a federal judge to dismiss in antitrust lawsuit. By the FTC, the social network, saying the government is attempting a do over trying to unwind acquisition that got approval years ago. Joining us now for more. Bloomberg's David McLaughlin, who's following the case, David what's Facebook's argument here? Could they actually get this suit thrown out? Well, certainly that's what they're trying to do. So they're trying to knock out of court this very early stage. The case was filed in December. Uhm this is their first formal response to the government. Lawsuit. They make a lot of arguments. But one of the key things that they say is that They said the government's trying to do it do over. They reviewed both of these deals. The Instagram What's up deals? They investigated them years ago, and now they're trying to come back and, um, unwind them. Facebook lists a bunch of services that they compete with Tic Tac Twitter snap linked in saying that the government is ignoring the realities of the competition. That they face what happens next. Now that Facebook has made this move. Right. So the FTC the state to that, dude, what will respond to this and then ultimately will be. We'll go to the judge. There could be, um An argument before the judge. Um and It's certainly possible that it gets dismissed. I think that's probably unlikely, but we'll see. Um and on the on the competitors. I think one of the other key issue here will be well. What is this market? Who are Facebook's real competitors? Is there really a social media market that Just Facebook or their many other players. That's going to be a key issue and in the case Doesn't Facebook have other suits to worry about? Well, the main one really night. Now is this ftp case and the state cases? They're both, um, sort of running in parallel. Um, I think the fact that there are two cases gives the government in other states and the federal government to attempts at undoing these
An FTC Commissioner To Make Silicon Valley Cower?
"I said what was it friday with the news of the tim. Wu higher. That who president biden was hiring to staff the various agencies that would oversee the tech industry with telegraphing a lot in terms of his administration's intentions towards the tech industry. Well this news is just as suggestive of where things are be going. Sources are telling ryan lisera at playbook that president biden has decided to nominate lena con a legal scholar championed by anti big tech activists to actual seat on the federal trade commission. That's the commission that okay as things like tech mergers quoting playbook con would be one of three democratic commissioners at the agency which oversees privacy data security and some antitrust enforcement at a time when it's faced sharp criticism for not doing enough to police major tech firms like google and facebook over their privacy practices and pass mergers at age. Thirty two con would also be the youngest ftc. Commissioner khan served as an aide to the house judiciary antitrust committees probe into antitrust and major tech platforms including amazon apple. Google and facebook as part of the sixteen month investigation con honed in on google's conduct in the online search market before that she was a fellow at the ftc and argued for the agency to adopt rules. That would more clearly spell out win. Companies violate competition law while a law student at yale con authored. A groundbreaking paper amazon's antitrust paradox. Exploring the online retail giants conduct particularly its pricing practices could violate antitrust law and quote.
New antitrust legislation would check the power of tech giants
"Arguably the biggest problem with big tech. Is you know the bigness. A few giant companies gobble up their competition owned the digital advertising and web hosting markets control the information ecosystem and sometimes control the distribution of their own competition so far though these worries haven't led to regulation now democratic senator amy klobuchar who leads the senate subcommittee on antitrust introduced a bill intended to check the power of tech. Giant's it focuses mostly on acquisitions to prevent huge companies from buying potential competitors and it would force companies that control more fifty percent of a single market to prove that an acquisition would not reduce competition. Here's senator club shar. We all know that misinformation has been rampant on social media and it is greatly. Set us back. But there's another much more insidious problem and that is that any company that was starting to come and do cool things got bought and i think maybe you could look at this legislation as basically a reply to mark zuckerberg's email when he said about they're looking at what's happened instagram. These businesses are nascent but the networks established. The brands are already meaningful. And get this. And if they grow to a large scale they could be very disruptive to us. Google has ninety percent market share. Right now they are literally taking on a government of a major country in australia when the prime minister says hey we're gonna start making you guys pay for content and they say back. No you're not we're going to withdraw from your market and you'll have no search engine and a big part of this. It sounds like is funding these agencies right making sure that the ftc which is charged with a lot of this actually has some teeth exactly and of a numbers can't lie the ftc in nineteen eighty at one thousand seven hundred nineteen employees by twenty eighteen down to one thousand one hundred two. You cannot take on the biggest companies. The world has ever known trillion dollar companies with bandaids and duct tape. And that's why senator grassley has join me on a portion of this bill to up the fees on megamerger so we can put in over one hundred million dollars to each agency so they can actually do their job and this isn't just about tech. There's only to cat food. Companies that control most of the market. There's only two online travel agencies. You think you're getting all their choices. Go look at. Who owns them. And as john oliver closed in a segment on his. And if this all makes you wanna die good luck. Because the casket market is controlled by three companies which actually sadly no one purchase the other. It's down to
Amazon kept $62 million in tips meant for drivers, FTC says
"Will pay nearly $62 Million to settle on Federal Trade Commission claim that the company withheld tips from flex delivery drivers who deliver goods from Amazon in their own cars. The Seattle Times reports. The FTC says the settlement will be used to compensate drivers
Amazon kept $62 million in tips meant for drivers, FTC says
"Million to settle Federal Trade Commission claim the company withheld tips from Fed. Flexeril. Excuse me. Flex delivery drivers. Flex drivers deliver goods from Amazon in their own cars. The Seattle Times reports. The FTC says that settlement will be used to compensate drivers straight ahead. I'm Frank
Amazon kept $62 million in tips meant for drivers, FTC says
"Federal regulators have ordered Amazon to pay back nearly $62 million and drivers tips that it skimmed over the years, The Federal Trade Commission unveiled a complaint against the E commerce giant alleging Amazons Flex program stole nearly $62 million in tips from its army of drivers between 2016 and 19, the FTC says, rather than passing along 100% of customers tips to drivers as it had promised to do Amazon use the money itself.
Rise above the cloud: Amazon's new chief executive
"Thank you for standing by good day. Everyone and welcome to the amazon dot com hugh thousand and twenty financial results yesterday as it does. Every three months amazon held an earnings call it detailed a record quarter. The firm reported more than one hundred billion dollars in sales for the first time then came another disclosure today. We announced our founder and ceo. Jeff jesus will transition to the role of executive chair in the third quarter of this year. Jeff bezos at one time. The richest man in the world will step away from the helm of the company. He founded we'll mostly. I will reiterate that jeff is not leaving. He is getting a new job. He's going to be executive chair of board super important. Rolled order super. His successor will be andy jesse. A twenty year amazon veteran and head of amazon web services the company's enormous cloud computing arm since its founding. Mr bezos has insisted amazon continued to act like a feisty startup and he reiterated his catchphrase in a letter announcing the transition saying it remains day. One in fact it's day nine. Thousand seven hundred or so company has a goodly handful of challenges. That weren't around on day. One were the news. That jeff bezos is stepping back from day to day management. Amazon is a complete surprise. Patrick fouls the economists business affairs editor before the pandemic taken a backseat role. Then he returned to day to day management to deal with the huge surge in business the amazon sore during twenty twenty. He had two successes on the table. One of whom signaled he would leave the company so it was all set up for management transition but the exact timing of that wasn't clear until we've just had an how did amazon whether the the huge surge in business that the challenges that the twenty twenty brought well it's obviously been at the absolute halt of the digital surge. We've seen in the economy in two ways. First of all the e commerce machine. It runs both selling it so in product directly and doing logistics for other firms seen an enormous boom and business but also critically it's cloud thing business is behind a lot of the digital services we've been using from zoom to streaming services on the tv. So it's been absolutely central really to the economists response to the lockdown pandemic. He's about to say that. Mr basis is going out on a high note. I think he is in several ways. I mean you can judge by the financial performance of the company and its valuation which is close to an all time high. I think you can judge it by a also the social contribution. The foams made i mean. It's very controversial business. People were accused of being monopoly of exploiting workers and so on. But i think you can say that over the last year it's also showing that it's really an essential part of many people's lives and i'm sure. Jeff bezos will be thinking about last as he talks his departure but the say threats out there for amazon regulators. Continue to scrutinize it more than ever yesterday. The ftc one of these regulators reached a settlement with amazon for sixty million dollars. It'd been accused of believable more shortchanging drivers over tips and this continual pushback on labor regulation conditions of workers and there's also actually some nascent signs of competition from big firms like walmart which are finally getting their act together on digital. Well you mentioned that regulatory scrutiny which is also been directed at the likes of google and apple mr base is was one of the last founders to still be leading the tech giant he founded. I mean how significant is it to you that he's stepping aside here us right. The big five tech companies in america the have come to dominate its stock market and to some degree. Corners of its economy is now only one founder. Left in the hot seat mark zuckerberg and he's in a very hot seat indeed given facebook's problems so it does feel like it marks. Perhaps in you era when these huge companies have reached a point of dominance and yet some of the big questions that that has created remain unanswered will government. Break them up will. New competitors eventually arise and will be able to keep the same spirit of dynamism the propelled them to the success going for decades to come.
FTC says Amazon took $62 million in tips from drivers
"Commission and will pay over $61 million to settle charges at the company didn't pay flex delivery driver tips and full The FTC alleges that Amazon intentionally failed to notify drivers at the company was paying them a lower hourly rate and promised and made up the difference. Using tips. The FTC says the settlement will be used to pay the tips owed to the drivers on Amazon spokesperson said that while they disagree with the FTC claim they are pleased to put the matter behind them. Wall Street keeping it positive. The Tao of
Most Americans want to break up Big Tech
"Americans may be more divided by politics than ever. It feels that way but it also turns out there's one thing that most republicans and democrats can actually agree on and that is breaking up big tech. That's according to a new poll from vox and data progress. Vox pulled over a thousand voters this january for their thoughts on the big tech companies and recode. Ronnie mullah is you're talking about it. Hey ronnie hey tiny so. Give me the quick skinny on this poll. What did we ask and we find. We asked a lot of questions about people's opinions about big tech companies And turns out most americans tech companies the amount of power they have in the economy is a problem and also think that it would be a good idea to break up these tech companies. You know have facebook spinoff. What's apper or instagram. Make amazon not able to be both a marketplace and a seller on that marketplace. Okay so there are two questions question. One is is big tech too powerful or is it a problem for us economy. Is it a problem. And we've got Fifty nine percent of democrats seventy percent. Republicans think yet and then on the second question about whether we should break up big tax or the solution. We've got fifty five percent. Democrats saying that sixty one percent republicans saying so right and this is just so rare. This day and age to have bipartisan consensus on anything. Yeah it's interesting in this poll. That republicans are more anti-big tack than democrats on both questions. They are Both republicans and democrats are anti-big tech but for kind of different and almost opposing reasons. It has to do with their opinions of about speech. Democrats seem to think that these platforms aren't doing enough and then republicans are thinking that there's too much censorship on these platforms Okay so different reasons. Same solution. Yeah so this is starting to not just be a theoretical construct right. We have google and facebook being sued by the states or the ftc or the justice department. Nothing exist in a vacuum right. There are public opinion pressures. I wonder what this polling means four policy outcomes. I mean not. It's not as if the justice department. The ftc in the states are going to do something just because people wanted but you get more public officials that are elected based on advocating for this type of stuff There is a way in which the politics of this can affect policy outcomes. No right. i think it's just politically popular and this poll shows it. Surani you as a couple other questions to Talk to me about the question. You guys about banning trump on twitter and what democrats and republicans about them. So is one where we're back to normal and democrats and republicans had completely different responses republicans. Think it was a terrible idea that twitter band trump and democrats thought was good idea And obviously That's more normal Super fascinating poll has a lot of implications. This question is not pulled that much right. I mean. I haven't seen anything like this before we did a couple years ago and This is already once lawmakers. Were like looking into these antitrust actions. It's interesting there hasn't been antitrust action against the tech company for you know twenty years since microsoft so this hasn't really been on our minds now. There's five different antitrust actions against facebook and google alone so it's definitely on the public consciousness.
Why China is Joining the Global Push to Regulate Big Tech
"When it comes to regulating big tack europe has been taking an aggressive stance for a while now and as we talked about on the show. We've seen some action from the us as well but lately china has made moves to join in our reporter. Sam schechner joins me from paris. To talk about why china is getting involved now. What it's doing and what impact could be protect companies. Hey sam thanks for being here. Thanks for having me so before we get to china's action. I wanted to start by bringing us up to speed. European regulators have really been leading the charge when it comes to regulating tack. What have they been focusing on your right. That europe has really been at the leading edge. A lot of these these types of new rules europe's new privacy law the gdp our general data protection regulation was one of the first of the of a new class of transversal privacy laws. And that's actually been emulated in a number of parts of the world. Europe has also been among the first to initiate antitrust investigations into big companies including google and apple amazon and actually has issued decisions against google totaling more than nine billion dollars with fines in recent years and now europe is also helping lead the charge when it comes to coming up with new competition regulations. It's something that's been bubbling in academic circles for quite a while whether or not there's a handful of companies that are so big that they need their own special rules to make sure that they treat everyone fairly to make sure that companies have a chance to rise up and challenge them and the he us antitrust are also in charge of new digital regulation. Here margaret avesta your actually describe it with a metaphor to the automobile. She said that when cars were first invented it a new technology and after some period of time people realize that maybe we need traffic lights right and a lot of action clearly stemming from from that sort of mindset. We've also seen some action in the us as well right. There is indeed some momentum in the us four new competition rules you know given the political environment and some of the differences between democrats and republicans. It's not clear that there'll be an agreement that being said last summer. Democrats in the house. Judiciary committee released a report calling for changes to antitrust laws and creation of new types of obligations and republicans in their own report actually endorsed albeit a narrower set of changes but some areas of agreement such as requirements tech. Giant's make their services interoperable so there is the possibility that some types of legislation might see the light of day in the us dot. So that's sort of the lay of the land but china has also recently joined the push with some new proposals. What do they unveil well. That's right in. November china issued its first draft guidelines for how they want to regulate competitive behavior by digital giants and on paper the guidelines are actually very similar to some of the things that have come out in europe. The uk also has a set of regulations for big tech companies that the proposed and china's proposals include things like blocking companies from crunching consumer data in order to set discriminatory prices or at selling prices below cost to help gain market share. Some of the classic things that might be anti competitive more generally but that big companies are accused of doing and in potentially more difficult to identify with this. And i understand. China has a pretty short history with the sort of regulation. Why are they getting involved now. Well on one hand. China has one of the shortest histories of antitrust regulation of major global economies only adopted its anti-monopoly law in two thousand eight but more cynically. Some people have noted that this push began just slightly after an october speech from alibaba founder. Jack ma who publicly lashed out at the chinese government's tight financial regulations and following that there were a series of regulatory actions against elements of his internet empire. And so the question has been raised when you talk to. Experts is this chinese. Push about really trying to rein in big tech companies to preserve competition. Or is it about taking on people. Like mr ma who they think are challenging the power of the central government. And you know when you talk to when you talk to experts. They say that mon- speech may have been the trigger but that there have been longstanding concerns about increasing concentration among the chinese internet giants including including alibaba but also other companies to rate and since alibaba is one of china's biggest most powerful companies. Making jack ma. One of china's most powerful businessmen. This sort of illustrates broader difference between china and some of the other countries that we've talked about you know. China wants to exert a lot more control over attack and the internet then does the west could barrier in terms of getting different governments on the same page. Well that's a very good question you know we. We really don't know what the long term impacts are going to be of these rules. I mean for one thing. They haven't actually been applied yet. These are proposals and you're right that china's internet is largely dominated by its own set of companies not by global giants and chinese internet. Companies are much less present overseas. So you know it's it's a question. How much one regulatory system or the other will end up prevailing. There are certainly more countries in china's orbit that could end up adopting china's approach to internet regulation but in some cases in some senses that there's similar motivations behind what's going on. I mean whether you're trying to preserve state power for its own sake or because you want to make sure that there can be a new set of companies that come up to challenge. I mean those are still it boils down to saying certain companies have gotten too big and something needs to be done about them and so the more that those sorts of rules are being proposed. It certainly would count as momentum for them. And you know it's not a it's not a given that these things will be done so momentum is meaningful. i mean you. You have free market proponents. Who argue that. These types of proposals go too far that they would hobble digital markets and leave some people worse off so while there is a growing number of experts and competition regulators who say we might need rules like this they certainly aren't unopposed. So china's entry into the fray could potentially impact the course of the debate. Yeah and just to take further. What's the outlook for big tech. Now that china's join this push and how are the company is responding. Well i think big tech. Is these big tech. Giants are increasingly aware that they're going to be facing more regulation whether it's about privacy whether it's you know updates to tax rules whether it's about their obligations to other companies in terms of new competition regulations. It's just a fact of life. And so i think at this point. They're they're now down to figuring out how to make sure that these rules are ones that they can live with. You know when you talk to facebook they sort of are perhaps the most acquiescent saying that we acknowledge these types of rules must apply to us. Amazon and google say more that they would hope that rules that would be rules that apply to all companies not trying to focus on a few. But i think it's it's certainly fair to say that these companies are going to find themselves much more regulated and they have at the last couple decades have been a sort of open playing field for them. It seems likely that they're going to find their their field of action more limited. They may have time doing the same kinds of acquisitions that they had done before. Or certainly will face more scrutiny. Before they're able to complete them. Some regulations on the table could in the case of repeated non-compliance go as far as breakup. I think really the us would have to get more into the game for that to to truly be on the table. Indeed the ftc's suit against facebook last year did specifically talk about unwinding some of facebook's acquisitions
"ftc" Discussed on Reset
"The federal trade commission a group of forty eight attorney generals are suing facebook in lawsuits that they filed on wednesday alleged that the social network has violated anti-trust laws and is a monopoly. There remedy break the company up. Rebecca ohio is you're talking about. Hey rebecca hey so not a brand new idea right. Obviously there have been a lot of politicians most notably elizabeth warren who called for breaking up facebook. Mark zuckerberg has been stressing about this probably since around. Then so like. What's the big deal about these lawsuits particular. I mean this isn't just politicians yapping. Tell me what these lawsuits are trying to do. These lawsuits are important. Because they're asking a court to take the action of essentially forcing facebook to sell both instagram and whatsapp. And if you know the court system decides that's what needs to be done. That's what needs to be done. We don't need republican and democratic lawmakers to agree on it. We don't need a president it would go through the courts so it's potentially a really really powerful tool if it if the court comes up with that conclusion. I think one of the real problems for facebook here is that there are all these communications that both lawsuits talk about that seemed to a pretty damaging picture facebook in terms of how they saw instagram. And what's up one email. That comes up in. One of them is zuckerberg writing after the instagram aquisition. I remember your internal post about how instagram was our threat and knock google plus uber basically right one thing about startups though is that you can often acquire them so you know. This is not a great picture for facebook. The thing is right. Is that the ftc this agency that is co leading these lawsuits against facebook. They approve these acquisitions or at least didn't block them when both of them happened. So why the change now. What exactly does the ftc. No in twenty twenty that they didn't know a decade ago. Well obviously both. The ftc and the attorneys general lawsuits come after lengthy investigations. So the simple answer. This is come because they finished investigating but the proper context is that there's been increasing pressure to take action against big tech especially after twenty sixteen in regard to facebook. These lawsuits also are really focused on the impact that this would have on consumers and users and innovation and essentially the thesis is that we users have suffered in terms of our privacy in terms of our access to different types of social media products because facebook instagram. And what's up. Are all the same thing but legally they need to prove that there was anticompetitive behaviour. Is that right. Neither of us are lawyers. But that's that's the lawsuit is not a political argument right. They're basically trying to argue that the f. t. was not correct in originally approving these acquisitions in that essentially these acquisitions were illegal and have wrongly helped facebook create monopoly from the consumer point of view. I mean obviously a ton of people use facebook people use instagram. People's whatsapp like you know their products that the average consumer uses. Because they like them. So what exactly is the harm to consumers that you think. The ftc will need to illustrate well. One of the main theses of this set of lawsuits is that by having all of these companies together. We've lost out especially in terms of privacy protection and we would probably have better privacy if there was more choice in more options. It's also worth pointing out that. What's that tension here in part is that facebook sees a world in which instagram and whatsapp and facebook facebook. The platform are all more integrated than they were before these acquisitions for users. That might be a good thing but that could also be a bad thing and this raises a real tension in terms of what happens now. Because you know facebook's already in the process of integrating its direct messaging in Instagram and facebook and these are being intertwined as products so the idea is in a hypothetical world facebook and what's up and instagram are all competitors with one another and even if we like the products now that there's some hypothetical privacy protections that we do not enjoy today that we would enjoy on earth too so to speak. Yeah that seems to be the sense and potentially not just instagram and whatsapp. But maybe other companies that could have come about because facebook would have had so much power in this other universe. Okay so mark zuckerberg has described the break-up risk as an existential threat can't imagine being sued by the ftc and almost every ag in the country. What was their reaction to this yeah. They're not thrilled in a blog. Post the company basically called the lawsuits revisionist history and they kind of have a somewhat compelling argument at least on face the ftc had its chance the approved these acquisitions and they're basically saying like if you approve something and you can change your mind. What kind of precedent does this said. Another argument. they're making is that they do have some competition from other apps like tiktok And google as well and in terms of competing for advertising money. Yeah i mean in some ways feels like there's more competition now than you could have argued three or four years ago. The big risk with these lawsuits that they can just drag on for forever right. I wonder in the meantime. How facebook whatsapp. Instagram might change. Yeah i mean experts. I spoke to told me that it's going to be at least until two thousand twenty one. Twenty twenty two. It's gonna be you know very tense. Facebook certainly going to push back and you know this is all happening. While we're getting a new administration that might potentially change what the rules are big tax. Look like of course. There was that big house antitrust report that happened a few months ago that came to similar conclusions in advocated for new legislation. So i think the question now is like dispaced. Book continue with the process of both integrating these features on instagram with facebook. And also how does it continue in terms of all the other acquisitions that it considers and its reputation for copying other apps and copying other features..
"ftc" Discussed on The Vergecast
"You're the author of the extremely successful suback newsletter. Platformer thank you. So much the nation's nationsbank preeminent source the face gossip used to get it for free. You don't have to pay case any money. That's the thing that's right you don't have to. What's the five inside of facebook The the sense that i'm getting is they feel like this is extremely politically motivated that this is maybe a parting shot from the trump administration. It's not the only one. Remember the trump administration also just sued facebook over visas in what i frankly. Think is nationalist. Bullshit trying to get fewer foreign workers inside these companies. And so i think they think of this as on the same continuum but they also know that there is broad support for this and i do think that worries them. You know something. I've observed about. Facebook is that as they have gotten into various legal scrapes all around the world for many years now. They are victorious in the courts. More often than not and so this kind of thing may not chill them to the bone. The way that the excited re tweets and my timeline suggest they might they. They feel pretty confident in their case and again me somebody who has said hey. I think it'd be cool if we broke up facebook. I'm looking at the government's case. Know i'm not a lawyer but it just doesn't seem to be a a slam dunk narrative. So that's interesting. Because that's how i felt about the google case which google has been fighting a version of that case in europe which has stronger antitrust laws for a very long time and two who is still a dominant player in search and mobile in europe. I it just hasn't had any effect and they and they've done some of the things and they've they've lost some of those cases and made some changes the product in order to allow for more competition. There's a browser ballot and search engine ballot and android in europe. Now facebook. you're saying they've faced some of the stuff but it hasn't been at that level. Yeah it has not been at the level of. We're going to break up the company. But that's i think almost why they're confident that it will not get that far Like assume that the biden administration will continue on with this. But i also expect that the you know the biden era. Ftc might be more open to compromise and cooperation than a trump ftc. Would you sort of sketch out. What i think is actually going to happen here. Which is it will fall short of a break-up but they will put really stringent controls on any future manet and that itself will actually get us most of what we want because again tiktok is in the process of of chilling. You wanna know what actually scares people inside facebook. it's tiktok. I spent a summer listening to every all hands inside a facing out tiktok. It's not antitrust. I want push back a little bit on the biden claim. Just because you know there was this three to to vote in the ftc to take this action and both the two votes against it were republicans. So i if your like facebook right. Now i'm not sure that that the biden administration is gonna is like the cavalry. That's gonna save you. Yeah and the typically. It's not that. I think that they're the cavalry. Is that i think they will stop short of the most dramatic possible action that they could take. I think that It's sort of in any negotiation. You ask for way more than you expect to get in hopes of shifting the window like toward your position and i think that they can reach a settlement with facebook by saying all right all right all right you can keep instagram and whatsapp. But you have to agree to those really stringent pre merger. Review for everything going forward. You have to participate. Paid in these compliance audits from time to time and i really do think again as if what you want is competition in the marketplace at this point. You really hoping that. Facebook doesn't get to acquire the next instagram or the next. What's up more than you are. I think you know that they lose control of instagram. Two things about that. One point out of the trump administration tried to ban tiktok. Did they definitely just lost interest in banning took to tiktok as a competitor in an say. It's also a national security threat. But then the trump administration is seeking its revenge on us. I'm not saying that you can often describe. The trump administration as having a coherent policy worldview. But that's a that's just a lot of chaos right. Yeah i had a former high ranking. Facebook official asked me yesterday whether they thought that trump was trying to ban tiktok to improve the antitrust case against face. I wish i thought he was that clever. But to your point about this is in addition one. I don't think a bunch of state attorneys general who are politically minded. Who are seeking. The next office are coming at this like. They're buying a toyota right like they want the big win. Second in comparison to the google case which people love google. They're not so mad at it. That case is built on some wonky ad. Tech shit. Right dominance across markets and placement of results in mobile search. I just looked like this is complicated in weird. It doesn't look like it. Solving a problem. People have right now except for some conservatives think google is biased against them and the remedy is super clear as well. The remedy is some set of controls. Are like we're going to prevent search from working in this way and that just seems really hard and it seems like not a political winner the way that facebook is bad. It's ruining our lives. The narrative about conservative biases ten times stronger for facebook than Than google and the remedy is ultra easy to understand. We're gonna make instagram. Go over there in that to me. Seems like a much tighter package for any politician to go. Make hay on over and over. We saw yesterday bernie sanders. They're like yep. Here's the thing i've always wanted. Where's with the google case like it's true. Google has become quite powerful. Yeah i think there's a fair point like where where. I definitely agree with you..
"ftc" Discussed on Geek News Central
"Per hundred patients. It makes you think a little bit here now if I was family member that have lost a loved one here in the State of Michigan and they were refused the access to this drug. That was at least for two weeks on the radar being known to have had success in France and also had been using it as gentle regimen in China. I think I'd get myself an attorney. It's any say we're GONNA save everybody but at least two studies says it's looking pretty good and and hospital. Physicians and nurses in New York are using it as a prophylactic. The basically protect themselves. Now what is this just to be clear? We know that this is a malaria drug. I took this drug for months on end and doxycycline as well took a variety of drugs to the to prevent malaria when I was travelling overseas for many many years and especially in the early eighties being in places. Even after. Got All my shots. The is on the stuff for years. They care about my heart. They didn't want me get malaria. So I was using it as a prophylactic as a preventive measure to catching malaria not to treat malaria. So these doctors and nurses I think are on track here to have done what they've done and yet in this state out of spite or whatever reason she decided to threaten doctors with administrative action if they used it and I am just not happy. I know a few other states did as administrative actions to stop Dr Shrum like prescribing it for themselves and further their their parents and their kids. But if you got doctors that WanNa do that for the parents or their kids. Then they're gonNA do that for the patients you know. I think all of us would probably at this point with like to have her hands on a little bit of that supply. People say oh. Never take a drug without your doctor's permission she whatever and a lot of people do and have and will do in the future into that at your own risk and I'm not saying we should Be using that when people are dying but after this is all over I can absolutely guarantee you there will people going online ordering this stuff from India and bringing it in and stashing it. I don't Care Peo- don't do that. He would just go ahead. Go about your business so anyway. That's kind of my my irritant right. Now we'll open up the call line at the end of the show today again. You WANNA call in. Mbc Those you watch live if you WANNA stick around get through the actual tech stuff here said me bitch about the doctors which doctors the governor and not complain about the doctors. They're doing they're doing heavy duty right now. They need all our accolades and support. But when I'm a don guess I'm done here talking about the government we can move on but some of you including can't wait to hear Adam Curry in the no agenda. Show talk about this announcement. The FTC today has announced that they're going to sue to unwind Marlboro. Yes the cigarette company. They're twelve point. Eight unwind their eight twelve point. Eight billion dollar investment and. We talked about this on this show. Many vaping maybe you don't care but the two companies are accused of illegally restraining trade. They were the ones that really had a lot of influence. Had stuff run through Congress disc simply destroyed other competitors and At the time even people upset within jewel due to the sudden hypercritical stance of claiming to be a way to help people quit smoking. And then having a mid major investor that was to- tobacco giant S- according to the FTC. The partnership came up after Ultra Algeria. Which is the company that owns brands like Marlboro and Virginia? Slims agreed not to compete with upstart getting exchange for that big steak and It did they conspired and a really bay really turned the tables on a lot of companies in all this stuff about strawberry flavored vaping. And all that stuff all those flavors they were instrumental they were ultimately instrumental in pushing for that band. Now I don't care if you've ape. It's that's your business. I don't care if you smoke drink with that. That's your choice right and I don't care if you smoke and the kids are going to be smoking. Strawberry vapes well. The kids will be smoking. Cigarettes O- otherwise a but anyway the flavored vapes are gone and now jewel is the. Ftc ARE GONNA come ahead. I hope they just get a ripped a new one day. Be Honest with you. I hope the FTC comes down really really really hard on them. So Yeah Greg. I won't read your comment on the Air. Live but yeah. I wonder if she would've one one could only ask one could only wonder so anyway. Hey thanks for being here for you on. If you're watching live make sure you say hello. You know where I'm primarily the watches on facebook's if you're on youtube or if you're on on On twitter wherever it may be just come over to facebook dot com for slash Cochran. You'll find me there. You can participate the public stream. Come over and say hello. Next thing up Amazon is GonNa Stop Selling Ninety five and surgical masks to the public. So if you're trying to get just a surgical mask nothing. That was an ninety five. You can't you're done you can't order these anymore. It will prior tries hospitals in governments instead so now my sister the other day. Kim. She's a nit a nigger and she was knitting. Some mass is town. I said That's not going to help in any way shape or form she goes. No no no. This is going to go over the mask and I'm like and then you're just going to have another thing you gotta wash. So I know they're making mask and people are selling stuff and it's going to be a market. That's going to be big huge from now on but you're not gonna get it through Amazon They're gonNA privatize hospitals and governments instead I have one one and ninety five mass that I found one. I don't have ten I have one and You know what good is is one you can use it for one day and you have to throw it away or whatever unless you have one of those machines but no one has those except for hospitals now. So that's the news out of What's going on with Amazon? Some Updates T. mobile has merged with the sprint except California's pissed because they went ahead and did it without California's permission. So I guess it's better to ask forgiveness and asked for permission the California whatever the tax board or whatever that group is there you know the the twenty five layers of bureaucracy in California to do business and it's really that level of bureaucracy Basically told him to wait till the sixteenth. But I think T- moments sprint is just about had enough so don't worry it doesn't change too much with more than one hundred million users to carries a now have a custom race closer to skill to larger rivals. Eighteen Bryson There'll be a big change coming especially for sprint customers. Who all of a sudden a new provider from devices and five G. to rate plans and features and Here's the main thing your phone's going to still work Just because of mergers closed does not mean that your phone will no longer connect both Tim O. `Esprit networks will be up and running in devices that connect them should be able to do so for now for any for without any interruptions with Britain joining t mobile users on both networks. You start to see improvements in coverage in fact this process has already started with T. mobile expanding roaming agreements let sprint users onto its network. As part of his response to the pandemic and So it's just going to happen automatically you get free roaming. Is this all one company now? But we'll see what happens over time with billing and five G. and plans and all that stuff so that is sports coming but now they are once so sprint lives to see another day and T. mobile might be able to compete a little bit more with the with the big boys and Depending on where you live here. I live out in the country. T. Mobile is is by far king? verizon is close behind. At and T. is absolute and So we'll see what happens there. Facebook has debuted. Check this out. Don't think the corona virus didn't affect them they they debuted a standalone messenger. And Mac. Excuse me a messenger APP for both Mac and PC's so now you're gonNA have video calls and chats to your desktop again. It's a separate APP completely. It's not tied directly to facebook so That's big news on on that front So again you can do in unlimited and free group video calls. The desktop at will sink across mobile offer notifications for new messages and support dark molding gifts in the past month. They split says it seemed more than one hundred percent increase in people using the browser of course Their desktop browser face yeah using messier. I guess so. You'll never longer have to juggle browser tabs and windows. It's a separate APP all by itself. Okeydoke we'll see what happens there zoom. They they have really they really really really have. Come under scrutiny. I did four zoom.
"ftc" Discussed on The Journal.
"So my question is male Polish. Some of and names are absolutely ridiculous. I'm Flora Lichtman from every little little things the podcasts that answers your burning questions like who names nail Polish I come up out of surgery anesthesia and the nurses drilling me on what my God. What Am I? Nail Polish Keller is find out more on every little thing. Listen on spotify or wherever. You get your podcasts. Welcome back as facebook executives in California push ahead ahead with their plan. The company is dealing with a significant challenge across the country in Washington. DC This summer. facebook disclosed that it was under investigation. Asian by the Federal Trade Commission for possible antitrust violations. The bigger argument around all of this is around anticompetitive practices. You know is facebook's facebook's enormous resources and sharp elbow tactics have they squashed competition before. It could get started in earnest road because the biggest fastest asas rising companies. What's happened instagram or are part of the facebook family now and other startups like snapchat? Have you know they're surviving. But they're not nearly as dominant absolutely. It's hard to compete with facebook. FACEBOOK denies that it hindered competition in the tech industry. It says that instagram Graham and WHATSAPP were much. Smaller had no revenue when they were purchased. facebook help them grow and the company says it shouldn't be punished for success. Not everyone agrees with that logic. There is a rising group of critics and economists and lawmakers lawmakers who think maybe the solution is facebook should break up and so there is. This groundswell of debate happening around antitrust rest are these companies to big has facebook bought up to many of its competitors has welched. The competition too much disrupted the landscape made it impossible possible for them to have a challenger and therefore to compete on issues like privacy. FACEBOOK have too much power and so these conversations as with each controversy that facebook is enduring. This conversation around should these companies be broken up is getting louder and louder So now bring us up to what we learned last week with the Federal Trade Commission. What is this possibility that they might put an injunction in place that could potentially stop facebook from from moving forward with this interoperability plan? What does that tell us about where this investigation is headed? So last week there was an additional update. The FTC is considering this preliminary injunction that would prevent facebook from stitching all these different APPS together. That's according to people people familiar with the matter and this may not happen the FTC may choose not to make this move but the fact that is under consideration is pretty incredible because facebook has has been working on this for about a year facebook as applying a lot of engineering resources to it and trying to make it happen and the idea the at the FTC might stop that work which is complicated. Work that mark says is a part of his vision for social networking. It really speaks to how different the environment is around facebook these days because this is a company that is built on Mark's ambition. It's a company that is built on his ideas for where the future of communication will go and he has an uncanny knack for predicting that correctly or at least forcing his vision vision to come true through his enormous platform and the FTC preliminary injunction would halt that vision. It would prevent him from being able to see through his vision in a Broadway. What would happen to the investigation? The antitrust investigation if Zuckerberg were to succeed in integrating the companies if you take it from the critic standpoint and there are a lot of facebook critics out there that say this it would make it very hard to break these companies up. is they become more integrated. The lines are a little bit more blurred word. Suddenly these companies are sharing all this information and sharing these assets becomes much harder to tease out. What is part of facebook and what is not and it makes it harder than to take these companies and split them? Apart because they share such critical infrastructure they already share and adds infrastructure which is enormously critical so this is adding another layer of messaging. It just makes the idea of a break-up much messier the remedy becomes less clear. It seems like the government has sort of increasing creasing. Its own leverage by keeping a break-up at least on the table yeah if they're move forward with this junction. Yeah it's a pretty extraordinary move. What does facebook said about the any trump investigation in general? When it comes to anti-trust they disagree? They don't think they should be broken up but they have said repeatedly elite that they would be open to more regulation. I think at this point Zuckerberg has said publicly at a certain point. We do need to be regulated because the current situation cannot stand passed some laws that we can follow so we could stop this relentless stream of criticism and get on with the business the day facebook also said that the three apps are already heavily integrated and then it's moved to stitch the messaging functions together has nothing to do with any trust trust. The company says it's all about making the APPS better for consumers. What do you think is going to happen next? It's unusual consideration from the FTC. Given that they rarely break-up companies and so we're going to have to see if they make this move it's a pretty significant one as as we understand it. They're trying to understand as much as they can about the company and about the way it works and the way that it treats the competition in an the acquisitions it makes so there in fact finding mode but what this consideration of the preliminary injunction suggests that they've learned enough about the way a facebook functions to see the idea of integrating all these different APPs as a potential roadblock to a remedy mm-hmm what that basically means is that project that's been underway at facebook for a year. Now is at risk. It means that it facebook might need to stop that work which the company had considered to be a big part of its future now if the FTC decides to make this move move it's pretty significant.
"ftc" Discussed on What A Day
"Now we're going to play a quick game called bowl of takes Yes so we've rounded up some of the week's most scorching hot takes and put them in Abol. We're going to pull them out and twenty seconds to give our take on the take Gideon. Are you ready to sound the F. off let's book and do it. So here's the take. Trump will be eligible. Oh for a third term. According to a tweet from former governor Mike Huckabee illegal attempts by Komi dims and the media to oust him as police will make him eligible for a third term. MM-HMM I take that that's bullshit all right. Donald Trump isn't even eligible for a second term. As far as I'm concerned barely eligible for the I. If we're being really honest Donald Donald trump absolutely has to leave office when the time is right which is you know always any moment now never again Yeah that's that's my take. I think you gotta go greats now for me. Let's see we got here. It's so hot. I can barely touch it. The Irishman is too long three and a half hours is too long for a movie about old men and even if you like the movie you can admit that it could be a half hour shorter boy. I wish I had three and a half hours for that garbage asked take let me tell you something. could she knows Hoffa Deniro. Frank Sheeran Joe Patchy as Bufalino Ray Romano as another Bufalino truthfully no. This is the kind of Shit that you can't get anywhere else. This movie should be seven hours. As far as I'm concerned. Give me all the Irishmen all day. All right that's it. I have not seen it and I'm not saying that was my take but log movies. Well all right all. Wow this take. Is Adam driver. Isn't that hot. He's a good actor. Everybody looks like the lead singer of nickelback or said from is aid. Wow okay he doesn't like said He is huge and it is squirrel. I think also He is Super Hot. His shoulders are very broad. You could climb in like a tree or like snuggle under his armpit like a ferret and I think he's perfect and you guys around Armpit snuggling snuggling fair all right. What do we got? What do we got here is my take? Britain's failure to elect Labor should make us wary of Bernie Warren Oren since carbon is a leftist. We can use the results of the UK election to think about how things will go in the US Myers plans to that. Take is your fucking idiot. There's nothing that's happening in. The United States that has anything to do with Brexit. And you're not the center of the World Service take events as they happen and move the fuck on loved it so many folks all right Wow how dare okay. The one that I'm holding it's time to kill Baby Yoga. Uh I didn't read it. We'll pass it sleet wrote that given baby Yoda's carefully. Khaki calculated one to one IDA face ratio. He starts to feel manipulative of playing us. Like robots carrying out commands to promote Disney plus. Okay we'll look baby. Yoda can't help how attractive he is. And it's bizarre that you would bring it up and thrown in faith. He's really just trying to save the universe and it's bizarre that you think that has anything to do with Disney policy. Do it anyway we do. We do have our small. All Greene friend Freakish little animal. Oh this one is great. Holy Shit Click. Is the Best Adam Sandler movie vulture writer Jesse David Faulk said Click is the best sandler movie because it checks all the boxes in terms of what makes a good San movie high-concept emotional mature storytelling plus good broad comedy. Okay I have not seen uncut gems my jams remain uncut. But I do appreciate the boldness of the steak because Click was secretly very sad movie and that was an interesting twist from the movie. Answer definitely think that's the that's the best best and that was our funds segment politics..
"ftc" Discussed on What A Day
"It's Friday December thirteenth. I'm Akilah Hughes. I'm getting resnick. And this is what a day. The terrifying black cat of Daily News podcasts Friday the thirteenth still scary. If these very it's actually scarier because Santa is watching on today's show facebook data privacy. Moderation all that stuff then some headlines but first impeachment news blast today David. Judiciary Committee is expected to approve two articles of impeachment against Donald Trump which makes trump the fourth president in the history of the country to face impeachment. Yesterday brought another day of hearings in the inquiry and the full house is expected to vote next week throughout Thursday. Republicans introduced a number of inmates including one that would have added hunter. Biden's name to the articles nickles of impeachment in place of his father and one after another. They were voted down. That is correct. There are a number of votes including another to eliminate the first article of impeachment which pertain in Sioux Abuse of power. Another strike down the second article impeachment on destruction of Congress and another saying that the United States aid to Ukraine that was frozen was eventually released east bold strategy and House. Democrats are preparing themselves for a few defections in their vote for moderate members who are concerned that voting to impeach could impact their re election next year though to moderate members publicly voiced support for the articles on Thursday. Get on board also. There is reporting from this week. That indicated that Senate Republicans are wanting to hold the short impeachment trial next year with no witnesses which runs counter to this initial desire from president trump to see a strong defense of his actions but on Thursday Senate that Majority Leader Mitch. McConnell reportedly met with the White House lawyer to discuss the impending trial which is expected to start in January. And that was today's impeachment. News blast best facebook. Your mother's favourite online argument hub is in the news for several reasons this week. The first the Federal Trade Commission in maybe seeking a preliminary injunction against facebook as soon as January. That's according to an exclusive report in The Wall Street Journal. When this news broke facebook? Stock Price fell four or percent. Akilah you're super into social media platforms and their inner workings to. Can you explain what this injunction would mean and what on earth it applies to absolutely so so if the injunction is obtained the court order could block facebook's plans to integrate what's APP instagram and Facebook Messenger. If you didn't know facebook owns all three of those things so facebook said that its plans to merge certain platforms are essentially to make them better for users not to eliminate competition or evade regulations. Yeah because when I think of facebook yeah I think wow this is just super easy to use logging on your phone always open safari. The Password is never saved. You have to find the little gear that gives you a temporary Passover to set verification and took me ten minutes to figure out where my photos were my profile. The last time that I tried but sure mark fine preach well. Social Media. Giant has reportedly worried most of this year that the FTC would seek an injunction against what are known as its interoperability rules A person familiar with the matter told the Wall Street Journal Interoperability F.. If Y I refers to the manner in which digital platforms interact so to make super simple facebook stream to messaging seamless between Messenger. What's up An instagram direct messages. which is in its own way Something like a monopoly. If facebook merges the messaging function of the three main free instant messaging APPS APPS that people use the does not like this idea for several reasons. One is that facebook makes it really really hard to import your friend list and contacts to other services services. If you wanted to leave so you probably won't leave Another reason is that face plan will likely come at the cost of privacy. The Electronic Frontier Foundation a nonprofit defending digital privacy free speech and innovation believes that facebook doesn't want users to have control over their data and that the platform should be the ones to keep it safe right right and there's been a lot of conversation about going after facebook for various kinds of monopoly behavior. Senator Elizabeth Warren for one has called to break up the company and other big tech companies like Google and Amazon but this FTC injunction obviously doesn't go as far as she and others have suggested. Yeah but some people have pointed out that there are advantages to to an injunction Columbia University law professor. Tim Wu a former senior adviser for the. FTC said quote. The advantages are that gets things moving and sort of forces things to a judicial traditional decision. Very quickly he went on to say as opposed to having an antitrust investigation going on for five years also talked about how high the burden of proof can be in a full all on antitrust suit plus launching an antitrust suit against Ole F. B. might open a whole big can of worms for the FTC. It could lead to more suits and investigations against other large tech companies like when Google acquired nest or Amazon acquired whole foods. Currently several state. Attorneys General are also investigating facebook and Google for antitrust issues man. The second news item regarding facebook also yesterday the platform pledged one hundred thirty million dollars to fund a Supreme Court Art Content. Now this is not mean that Ruth Bader Ginsburg or somebody like that will be reviewing your spongebob memes. which is what I thought when I heard about it? Yeah well I would pay money to find. Find Out Ruth's Favorite favorite memes. I digress facebook's plan is to establish an independent board charged with reviewing how the company moderates its content providing long-term back to its experiment and better policing of the platform. The money is supposed to cover six years worth of salaries office space. HR and more As we all know facebook has had a bunch of public controversies over how it handles misinformation and hate speech and graphic content and this board is what facebook is calling their quote initial commitment mitten to better policing of all of that stuff. The board will function like an appeals court. So there's GonNa five-person panels adjudicating controversies arising from within facebook which which sounds like a really big hit. CVS drama to me. Yeah get those ratings up with this bad boy. Love it The aim of the board is to help the company enforce its own content standards but also the board can recommend policy changes to facebook that the company must publicly address. Yes on the heels of this news. FACEBOOK also released a sixty page. report that it commissioned from a social responsibility consultancy called B S. Are the paper recommended that this new independent facebook board consider a wide range of possible the harm from content quote beyond just freedom of expression. They suggested that the board should justify all of its decisions in terms of United Nations. Human Rights Principles This independent board review is the first of its kind for social media networks and although we have no idea how this is actually going to play out. Here's hoping Youtube twitter and other social the platforms begin to take the problems on their platforms justice.
"ftc" Discussed on Pivot with Kara Swisher and Scott Galloway
"I just finished a confident airtime saying that's exactly what I call it a parking ticket. Thanks, guys. This is big how much they. Why? Well, I saw. Okay. So think about what's happened here. Well, let's step back a fine. What's the point of government action of fines, the ideas, you know? It's a little bit of retribution. It's a little bit of a fundraising event. But mostly it's meant to serve as a deterrent in the algebra around. Deterrence is pretty simple. And that is the likelihood of the probability of getting caught times the likely fine is greater than the upside of continuing to engage in that illegal activity. Yeah. Right. So the chances of me getting caught doing something times going to jail scares the shit out of me. And I don't do a lot of bad things that I might engage in otherwise. And what has happened here is that Facebook has unwittingly co opted the FTC into what is probably the most value creative day in the history of Facebook. And that is their stock is up thirty billion dollars this morning. The value of Viacom plus throw in FIA Chrysler why because they came out ahead of the fine and said, hey, guess what in exchange we can? Continue to engage in this legal behavior. And it's going to cost us two weeks of income or seven weeks of cash flow and on hearing that the marketplace says fantastic, we're gonna take your market cap up. Ten x the amount of the fine. So not only is this fine, not a deterrent. It is in neighboring this type of behavior and Tim Wu. Professor Tim Wu Columbia. I mean, this guy's a gangster. He's written. I think really important book called the curse of bigness. Yes. A key point. And that is a key step to tyranny is that the government is no longer turns from countervailing forint force against private power to ah co-conspirator. And that's exactly what has happened here is that our government agencies are no longer countervailing forces there co conspirators and the FTC in the DOJ needs to do what happens when you see those signs. It says construction men and women working if you speed here. The fines are doubled they need to say, okay. When we're talking about media. And privacy in an instance, where might be spun into violence as as you have articularly said, then we need ten x fine. So my big theme today to the FTC is ten x zero to that fine and restore the algebra of deterrence. Yeah. Right. Yeah. I'll try sounded. So indignant and arrogant, right? He can that for the call. Algebra of deterrence. I'm gonna mention you love it. I'm writing it down with my dean. There's AO seniors AO d. Hey, we'll see what is air on the end of that. I guess I'm guessing I agree. It's just a ridiculously low fine. And you know, I it's there's all kinds of ideas to find these companies are things, but it's it must. They must have been like oh few five billion. That's all that kind of thing. And it's for what they've done over the past couple of years. I mean, they're getting off further behavior. It's like get out of jail free card less than Google walkout. Organizers say they're facing retaliation and Google saying they're not. And and it's, you know, it's an interesting problem when when people become essentially not wis there was there not whistleblowers. They're there they they want things to change the company are being public about it. They get impacted Scott. What do you think I've always thought, and you've reinforced those is that Google is actually a lot more tolerant of dissent than most companies usually. Yeah. But not in the back in the back part of it. Right. There like shirt, and then these the doesn't help you when you've done this. If you don't go along to get along. So there are tolerant, but should it. I mean realistically, should it help you because you're being difficult. Yes. Yes. He should be able to say we want company like Google, Google, always talks about they have these meetings. They talk about how everybody counts if they're going to do that. They should just say, no, we're just Microsoft. So just hush up and sit in the back. That's that's what I said..
"ftc" Discussed on SGGQA Podcast â€“ SomeGadgetGuy
"Providers evolved from just being in our homes to being in our pockets, it is increasingly important to understand what kinds of data. They collect on us who they share it with and how it is used with these concerns in mind, the FTC has launched a probe into several ISP's to see how they use our data. And if they are following the rules. Here's one of the main reasons why I believe the FCC should be in charge of regulating. The telecommunications space. The FTC mandate is not very well empowered. For the FTC as long as a company, I'm grossly over simplifying this. This is a much more complicated back and forth discussion, please look up an individual egged zone. She breaks this stuff down amazingly. Well in interviews. She has one with to the point worn only where she. Laser scalpel delineates, the differences between what FTC regulation looks like. And what regulation should look like. But me translating that oversimplifying it. Essentially as long as a company properly discloses in their terms of service, how they're going to screw you the FTC can't do a whole lot about it. So when you're end user license agreement changes because they can change the contract a telecom can change their contract with you at any time, and you have to agree to it. If you wanna keep using their service. The only other thing you can do is not use the internet. That's not a solution. But as long as they're properly disclosing to you that they're going to throttle your connection that they're going to put on a data cap that they're going to interfere with your data that they're going to take packets of your data and sell it off to marketing companies, you know. They can do it. If the FTC is is investigating telecoms. That's how bad the situation has gotten if they're found guilty of any kind of fraud or any type of manipulation or any type of privacy concern. That they just didn't even bother changing their terms of service or their end user licensing agreement. That's how brazen the telecommunications industry has gotten. Which is ridiculous. Do we have a a spam? Marin hold on. Let's see where. And you know, what I'm just going to go. All right. Let's see if that helps. Okay. So little little pause there to do some some internet censorship of my own. I like censoring people on the internet. Yeah. If the FTC is actually getting involved in something it means that the telecom the telecommunications industry because it's not just like Comcast. It's everybody AT and T. Comcast cool fiber t mobile Verizon, everyone is getting investigated right now. And again, there isn't even any smoke here. This is sort of a proactive investigation of business practices in privacy. How they handle privacy situations. But of any are actually found to have violated. Their their terms of service. That's ridiculous. The FTC can't really regulate the space to the effectiveness that we would hope for protecting something like net neutrality or data privacy data security. So that'll be really bad. I am. Oh, all right folks RA. Quick before we get to article thirteen. I know I'm a. I'm running a little long here already. I do need to check in real quick. Again. My weekly initiative talking about trying to build a community to.
"ftc" Discussed on The Tech Guy
"I mean, that would be real cause for for an FTC's slapdown if they blocked competitors website. So I would be surprised if they were blocking it, but where is it block. You up dated your router. So you know the routers, not blocking it. And the PlayStation VUE service on the Roku is working again. So we've got that next. If I go to try to access, say station their website. When I tried to log in, I get repeated that by name and password isn't correct. And try to multiple times. I know it's correct. Yeah. I would say this is now not Cox, but probably has more to do with PlayStation VUE. And you've tried it on multiple computers? Yeah, yeah. Now, the interesting thing is when I try to access it on my cell phone browser, and I'm not using my wifi. I can access there really is maybe Cox's blocking it. Oh, really? Yeah, very confusing. That's interesting. Cox was kind of misrepresenting. I'm sure they block some stuff. Everybody does might have been misrepresenting that, but they would be really in trouble if they started blocking competitor like PlayStation. That'd be a big deal. PlayStation views, tech support suggested that I call concentrate to get them to unblock the IP address. Well, now it's not that it's blocked. You can get to the website, right? But you just can't enter the password. Correct. So that's not blocked. Okay. If you're getting the images from the PlayStation VUE site, that's not blocked. I don't know what's going on. With your password, but that's something that's that's a separate thing. And honestly, I don't think that has anything to do with Cox at all. Okay. So I'm not sure what that has to do with if stewing it on multiple computers, but then you can log in on your phone. That's that's on. That is really odd. I don't know..
"ftc" Discussed on TechFan
"Exactly and they should be proud of a if mark zuckerberg doesn't disallows them to come into facebook headquarters and asked any questions you should be proud of that let's face it you know could it get the real story for montoc the guy of course not going to break down to go i'm so sorry you call to yes that's going to happen you have to use proper real sources for that real proper gentlest so getting not getting access to zuckerberg that had these companies if if you really doing you proper job is should not be a big loss right so anyways yeah it's speaking of doing the right thing the ftc's and you put this as ours technica argh i actually read this one the ftc warranty voiding language like nintendo's in sony's is a legal ftc warrants companies stop voiding warranties for unauthorized repairs we this those stickers yes void if seal is broken exactly that's a legal and they keep doing it and they keep enforcing that even though it's an illegal activity yep can't tell me i can't repair my l thing and voids my warranty that's just that's illegal yeah and i it's about time that the c start sticking up for people's rights like this well the problem with the ftc is that like many tried represent trite representation bodies so consumer representation bodies that provided by the government is you know there are small organization compared to the job the half sedate so enforcement for them is very very difficult and very very expensive particularly the the companies that sean to enforce push back and then you end up with a little seat so you know they're always on the great when they do things like is unfortunately companies will continue to try and get away with that and they nobody knows that they apparently they sent a letter warning these company says six companies not the united states it is but yeah there are well i she.
"ftc" Discussed on Progressive Talk 1350 AM
"Free talk live kicking off our number two in studio it's daryl chris and mark and we've been talking about the f what what is the ftc tv or f teed seeds fc tc the federal consumer trade commission i think that's the one the federal trade commission hero of consumer protection so it's actually the ftc bcp the f c t see that i still don't know how it's different from the ftc i just know they've got an extra see in there now there you go and i guess the c is for crony but the ftc's bureau of something something is saying that the warranty void stickers or legal they are illegal although there's not actually any penalty for anybody just wrongfully using a warranty void sticker i don't know about that but as ours technica points out the sample language listed in the f t f t now jeeze daryl now the federal trade commission the ftc statement matches the terms found on several companies websites and the media outlet felt no compunction naming names quote hyundai's warranty states that the use of hyundai genuine parts is required to keep your hyundai manufacturer's warranties and any extended warranties intact or nintendo's warranty states that this warranty shall not apply of this product has been used with products not sold or licensed by nintendo you buy.
"ftc" Discussed on Daily Tech News Show
"And us your stories of why you would or would not rent your anchor cone all right the united states ftc sent warning letters to six companies who market and sell automobiles cellular devices and video gaming systems those are the ftc's words by the way the letters addressed concerns about the company's telling consumers that they must use specified parts or service providers to keep their warranties intact here's a quote from the letter unless warren tours that's the people making the devices unless warren tours provide the parts or service for free or receive a waiver from the ftc such statements generally are prohibited by the magnuson moss warranty act of nineteen seventy five in other words that warning sticker on your device that says you'll break the warranty if you remove it and get inside your device is not enforceable according to the ftc companies that have been contacted up thirty days update their websites and comply with the law whoa all right so the supply to mattresses and those tags now the tags thing is a whole different thing that was for the shipper like they're not allowed to take the tag off until you can take it off once you get your mattress that's always been misunderstood it all right fair enough but all right so somebody gets electron ix i've consoles the switch over here is a little thing on and says by go inside of the switch on voiding the warranty than attended would otherwise author me offer me can i take this as now the new law the standard the lob the standard at as to which should interpret these things and i'm okay to crack that thing open and do what i want.
"ftc" Discussed on This Week In Google
"I don't know i guess uses i shouldn't say which i won't say the name because i don't want to give out too much information about my mom but uses a online brokerage and one of the ways of accounting was your voice and i told her don't do that yeah that that just does not seem like a good idea about that i could sell like my mom but just feels like that's not a secure i even now i don't think that's very secure thing to do facebook is being investigated by the f t c there was some question about facebook had had a consent decree right in twenty eleven right with the ftc and there was some question whether this cambridge analytica dated release violated that consent decree ftc has now hasn't said whether it's well let let me see they hadn't said but now it's confirmed on monday the ftc is investigating facebook's data practices and even though they wouldn't confirm it last week they have now confirmed it and by the way it's private it's a private non public investigation the penalty of the consent decree is forty thousand dollars per violation which means per user fifty million times forty thousand dollars is how much i can't even go that high that's a lot lot of money but it's not gonna happen so here's a here's a darkened billion right what is it it's a big number you're gonna have to take a chat room fifty million times forty thousand dollars what is that how much money can you take a check a chat room stopped because everybody's like working.
"ftc" Discussed on C-SPAN Radio
"And sound practices and the protection if you will a and and minimal standards for uh for a fair uh practices e in this space i'm curious because the ftc should be able to regulate unfair and deceptive practices have there been any cases referred to the ftc where there's been unfair and deceptive at understand there's lots of things going on here but there's they could disclose batter so let's do that said committee chair jelly arrington safety and soundness for the tax payer in the program but then there is real uh deception and unscrupulousness by offering one thing in it be really another thing have those been referred to the ftc and have they acted upon those uh mr london i am not personally aware of any number froze that have been made uh mr right yum yeah we were we what we've been doing is collecting solicitation materials that are are generally from actually brokers not blenders himself but then they do they originate these loans and then sell them to lender um i went and what what i'd love to do is you know we've got a pile of them so i've asked all the veterans at ginnie mae to sort of collect these solicitation materials they get i'll share them with you they're not they're not lies they're just real ill understand what will sit down and talk to them this arm trying to be real careful even in this hearing did not say predatory way and right up because the the ftc oughta ought to pursue that and bring the full force of the law against people that are doing that and then where we need to tighten it up where there's some fast ness and looseness that's what you guys can do in in and then and then again for me all to billy the safety and soundness of the program this is offered because the taxpayers allowed this to happen because they loved their veterans and they i want them to have this benefit but they want it done in a safe and sound and a fiscally responsible way as chairman if our making our app amend mile comment that i read because your question was specific to.
"ftc" Discussed on Bloomberg Radio New York
"The ftc itself and the fact that after a full year of trump he has yet to appoint three of five commissioners whereas the fcc was often running as we saw that's right and that you know i think a lot of people are wondering what's going on here because this has been the longest lag with the shortest ftc staff of commissioners we've had in many many years and we have heard that president trump is interested in appointing joe simon's who is an antitrust attorney as the new chairperson but it it it's been that talk has been happening for several months and we haven't seen that appointment happen yet and of course he'd still have to go through the confirmation process so the ftc in some extent is really been in limbo for about a year and the acting chairperson marino house and can't really go forward with her own agenda because it it seems clear that she is unlikely to be named the next chairperson and so it puts them they've gone forward they've had enforcement actions but it's made it difficult for them tell us about the draft kings fanned tool well that's a great example of in at the ftc moving forward even with this lesser staff that was a deal i mean this was sort of an online virtual sports gaming companies and it was a small deal it wasn't a huge deal but the federal trade commission saw it as a merger to monopoly and they too to block that deal and that was a success for them where they got those two parties to walk away in a vanden that deal so what will be what will we be talking about in 2018 what will you be watching for while in the ftc side were certainly gonna be watching to see how the staff shapes up and then what the new enforcement policies are how the ftc goes forward and whether or not i think it's important to understand now this big difference we seem to have between the ftc and the department of.
"ftc" Discussed on Defensive Security Podcast
"Kind of extending into while into two thousand seventeen in into this year they were also working on settling uh with the ftc on us on a i don't remember if it was the same databreach or different data breaches the when they were uh it were working with the new york attorney general on uh but anyway th th they apparently intentionally uh uh this is the kind of the the what's what's alleged in the article in some of the other things have read they they waited until after the ftc uh subtle that they reached a settlement with the ftc to disclose this particular breach so well i so let's backup in in just say that this came to light because the new ceo disclosed a corrected but then there's been some further reports since then that this that the ceo that see the new ceo actually sat on it for a while to thorough um oh although he hadn't the new ceo hadn't been there for i think you think he started in september so it wasn't a long time but present lakea yoon wasn't like he he no he learned i think if ara monday in reported on tuesday it was i think of how many think she's gotta get his arms are coming into a new company i yeah i i don't i don't disagree i i i actually think um he's probably wake nut he's probably getting an unfair shake because i it sounds like this that the company had a lot of ethical issues.