36 Burst results for "FTC"
Fresh update on "ftc" discussed on Bloomberg Surveillance
"Interactive broker studio in New York City to our worldwide audience. The sell off in UK assets went into overdrive on Monday sending the pounce on all time low earlier this morning looking at Sterling right now slightly higher actually right now trace about one spot zero 8 on pound Sterling equity futures say point to a slightly lower open this morning. Volatility is higher with the vix trading just under 32 yields move higher with the ten year treasury trading about about 3.74% on the commodities front WTI crude oil. Where are we there? Slightly higher. Let's just over $78 a barrel gold, it's lower. It's called 1650 an ounce and Bitcoin. It is steady at just below $19,000 per token. Let's get some more color on the pre market equity trading with Bloomberg markets corresponding pretty good at creating what do you have for us? Yeah, Paula, start off with a retail story here, farfetch, FTC, is your taker down about 5% this morning, a pre market trading city coming out, beginning coverage of the luxury online retailer with a sell rating, their major issue with the companies that they have weak underlying profitability. Now far fetch Paul has, I don't know, do you shop on far fetch? I do not. Okay, well, neither do I. I can't afford it. But maybe Tom does. But far fetched is basically an online retailer. They have to deal with the retail inventory they have to deal with the luxury aspect. And on top of that, they're an ecommerce retailer. They don't have that many stores that should begin with. So they kind of have the triple whammy there in terms of the inventory build up a little bit of a cushion from dealing with a more high income consumer, but then at the end of the day, they are also an online retailer, which makes things in theory and make things better, but it's actually a little bit tougher. And that's basically the point that city is getting at in their note this morning. The other one you want to keep an eye on is some of the U.S. listed Macau casinos. This coming after the Macau government said tour groups from Mainland China could resume as early as November that giving those casino stocks across the board a little bit of a boost Wynn for wind resorts up about 6.4%, but that's not the only one you want to keep an eye on. Las Vegas Sands is the other LVA LVS excuse me is your ticker up about 7% as well. Melko MLC O is your ticker also up by about the same margin well actually in the last say ten minutes, about 12% here. Why are the gamers up here? Sorry? Why are the games shut up? Because the Macau government said tour groups can now come from mainland. That's big. It's huge. So it's going to be the entire index. And by the way, on a day that the market broadly is down still only four tenths of 1%, a 12% move is just all the more bigger. Should we talk about cryptocurrency stocks? Am I allowed to do that? That's why Tom woke up in the morning just straight did he hear about the crypto stocks about 2% for marathon digital MAR a is your ticker coinbase as well, not far behind its CO IN is your ticket there. Up also about 2% once again following the tiny, tiny boost you're seeing in Bitcoin, still trading with about a 19,000 handle, but up 1% poll. All right. Pretty good. Thank you so much. We appreciate that. You know what I did this week and I went to the peloton studios in Lower Manhattan. Which I did not know is a thing. And it was packed and everybody was all fired up. I met Jen Sherman, which was a highlight for me. That is a bucket list. Item to meet Chen Sherman. So I know at the class. You're a super fan. Super fan. So it was good. Yet the stock $8 46 cents per share. The stock is down. I mean, year to date 76% down. I don't think so. I think they were a they were a pandemic darling and now they're dealing with all the hindsight from that. So that's too bad. Very good. Bloomberg Savannah this morning, huge markets. Let's give you more data checks
Robert Bork, Jr: Antitrust Is a Powerful Weapon
"Of this now has become to the, it's not what's happening now, it's become the preemptive. It's become the, the, the law school socratic question. You know, what if this happened in this happen? And that's not a good way to develop any law and much less one that is as fluid as antitrust. Exactly. And the reason they like antitrust, of course, is because it is a gigantic club that can be you can break up a company with antitrust law, or in bringing private lawsuits, you can get trouble damages in antitrust. So it's a big weapon. In fact, dad wrote this book, the actress paradox started to work on this area because he was concerned back in the 60s that the socialists were going to try to use antitrust to grab hold of the economy. And of course that's what's happening now. This is a social antitrust grab hold of the economy. But you made another interesting point if I might, you know, about stopping things before they happen. That is spreading globally now. You know, there was this merger between attempted merger between Illumina and grail. Grail was a company that lumina had started and spun off. And then they wanted to buy it back after they had after grail had developed these medical technologies. And the FTC has tried to block that. But ultimately, they failed. Their own ALJ refused to block it. And now, in Europe, the European economic authorities and a trust authorities are going to block it have said they're going to block it even though Illumina and grail have no business in Europe. They don't
Doug Welcomes Robert Bork, Jr. of the Antitrust Education Project
"In his mind, just joy today to have bob board junior owned, he has been a leader in this industry, not only following up on what his father, Robert bork had done, judge bork had done. But in his own right working with this today, bob, welcome to the podcast today. It's such a pleasure to finally be on, I'm sorry about the delays, but here we are. Yay. We made it. Well, to get everybody started off, tell us about where what you're doing now, your organization, and then we're just going to dive head deep into this stuff. The semi short version is that for a long time, I was a reporter and then got sick of that and decided to get a grown-up job. And worked in corporate communications and strategy, but most recently, and really this is a labor of love for my father. I saw in 2016 or so that Elizabeth Warren and others were having sort of their left wing Appalachian meeting to discuss how to hijack antitrust and turn it into a weapon against business, not just big business, all business. And my first thought was, well, I wonder where my dad's book is. And he had written a book called the antitrust paradox in 1978, but it was out of print. And you couldn't find it unless you wanted to spend three or $400 on an old copy. So I decided we needed to get the book back into print. And I asked Mike Lee, senator Mike Lee to write a new introduction. And I wrote a new forward and took some time, but we got it out. It's on Amazon and Barnes and noble. It's very readable. Anyway, I need to start with that. And then I thought, this is getting ugly. Particularly when Joe Biden won The White House and Democrats had both houses of Congress and you saw lots of really insane legislation and the appointment of Lena Khan, who is just a Marxist, you know, put in charge of the FTC, decided we had to get in there and start fighting, so I created the antitrust education project and have been doing lots and lots of media and writing pieces in The Wall Street Journal and elsewhere to try to explain why the consumer welfare standard, which was my father's contribution to antitrust back in 1978 and has been basically the operating system for antitrust enforcement for the last 43 years, ought to be preserved against these lunatics
60-Day Midterm Alert: A Look at Wisconsin
"A beautiful state. I love the state of Wisconsin, phenomenal people. Very difficult to pull. Now, when I mention these polls, we're very selectable at what polls we share on this program. We share Trafalgar, we share, maybe we'll share some other ones, maybe Richard barris, big data poll. Because we believe that there are suppression polls out there. Remember the polls that show Donald Trump's going to lose Florida by four points. He ends up winning historically. Donald Trump's going to win Ohio. This is back in 2020. So we're very careful what polls we show. So when we say a poll on this program is from a pollster that we trust with a methodology that's been proven with a track record that has been indicative previously of an outcome that can be accurate. We don't do this, what is that one? That they love Susquehanna, Susquehanna, they're a bunch of frauds over there. They should be shut down by the FTC for deliberate lying. So Ron Johnson is in a tough race in Wisconsin, the latest Trafalgar poll has him down a point and a half. But again, Wisconsin is so hard to pull. It is an impossible state to pull. It would be a tragedy though. If we take back the house, it would be awful if we win all these other Senate races and we lose Ron Johnson. Ron Johnson went out on a limb. He hosted doctor Malone. He hosted doctor Peter McCullough and talked about the vaccine and the adverse events. Ron Johnson needs our help everybody. He's a patriot. He's a fighter. He's a business guy. He's a profile and courage and they are pouring money into Wisconsin against him.
"ftc" Discussed on WLS-AM 890
"To listen just by saying, Alexa, open, WLS. Why? When I was a federal agent, one of the great tricks I used to use on people. You can use this, I hate to say it, but with your kids or family members, too, is if you think they're lying to you, get them to tell a story and repeat it a couple times. If they're lying and making up a story, I wasn't out late last night with my friends doing this X or Y whatever. Get them to repeat this story. If it's a lie, they'll never remember all the details and they'll always screw it up. The catch is you gotta remember what they said last time. That's what the left does, but they don't care because there's no shame in their game. Here's the story I was talking about that matters with regards to 2000 mules and cell phone tracking. CNBC, FTC sues data broker for allegedly selling location data from hundreds of millions of phones. So Joe Biden's FTC just to be again is clear as scotch tape on this one. They realize we got a problem with this 2000 mules thing, tracking people's cell phones. People may be able to buy that data to see how many people were in the vicinity of these ballot boxes. We like to use because there's no security at them. That could create a problem. This dinesh movie, a lot of people saw that. Don't you think it's awfully convenient timing then that right before an election, this thing pops, we're not hearing about this story anywhere, strange. FTC sues data broker for allegedly selling location data from hundreds of millions of phones. That kind of sounds like that's a sign to me. Jim, does that sound like a sign to you? You're not vigorously shaking your head. It's because you're still thinking about that, aren't you? Let it go, brother. Let it go. Let it go. Just like Elsa, let it go, baby. Am I a good singer? What do you think? Now I know how I know you, now you're shaking it right. You don't think this is odd timing, folks? Really odd timing, right? FTC series theta broke up for allegedly selling location data from hundreds of millions of phones. Come on, you know
Former Twitter security chief files whistleblower complaints
"I Mike Gracia reporting of former Twitter security chief files whistleblower complaints Peter zatko who was Twitter's security chief until he was fired earlier this year has filed whistleblower complaints alleging the company misled regulators about its cybersecurity defenses and its problems with fake accounts according to reports by The Washington Post and CNN Zabka filed the complaints last month with the U.S. Securities and Exchange Commission the Federal Trade Commission and the Department of Justice The Washington Post reports among the most serious accusations is that Twitter violated terms of a 2010 FTC settlement by falsely claiming it had a strong security plan In a prepared statement Twitter said Zabka was fired for ineffective leadership and poor performance and that the allegations appear designed to capture attention and inflict harm on Twitter Its customers and its shareholders Mike Gracia Washington
Mark Walters: 'Gun Owners Are Winning'
"I want gun owners, listeners, I want you to know that gun owners are winning. While it doesn't appear that way in the mainstream press, I want you to remember that freedom will always prevail. I believe that in my heart. And that when we see these attacks on our rights to bear arms from likes of Gavin Newsom and hakka and New York and Murphy in New Jersey, understand that while the media doesn't portray it the way it really is, we've now won our third huge Second Amendment victory with the Bruin decision in New York, gun owners are winning in courtrooms across the country, the Second Amendment foundation, the FTC, are suing on behalf of gun owners in courtrooms across this nation and the strength of the brewing decision will cement our Second Amendment rights going forward, but make no mistake. We can't let our guard down because they don't care about the constitution and notifications that will do whatever they need to do to take our firearms. We have to say that.
"ftc" Discussed on Marketplace Tech with Molly Wood
"Earlier this week, the Federal Trade Commission filed an injunction to block meta, Facebook's parent company, from buying the virtual reality company within. It makes a VR fitness app called Supernatural. The FTC says meta is trying to, quote, illegally acquire the software firm. It already owns a similar VR app called beat saber and the FTC says that the acquisition would hurt competition. This is a topic for quality assurance where we take a second look at a big tech story. Addy Robertson is a senior reporter for the verge. I asked her to describe these two VR apps and how they compare. Beat saber technically it's what the FTC is calling an incidental fitness game, essentially you are playing with lightsabers to the sound of music. It's a rhythm game. Facebook acquired it. It was then Facebook in 2019. And the Supernatural is something that is mechanically similar to beat saber. You have these two wands in your hand and you're waving them around to the beat. But it's much more focused on fitness and it's explicitly subscription based. It's more coded as a workout app. So the FTC is arguing that these two games are competitive and that if meta buys within it'll have no incentive to improve its existing app. Yeah, so the FTC is saying you have meta here, they have their own incidental fitness app. And they have a really strong incentive to compete with within if it stays separate. If they buy it, then they're reducing the incentive to create more things that are like Supernatural. And they aren't incentivized to create their own thing that could offer more alternatives. And what does meta say to that? Medics called this legally baseless and ideologically motivated. Its argument is sort of that the FTC is going after it because it's so big and just doesn't want it buying things. And that Supernatural and beat saber are actually very different and that meta has been trying to pump resources into VR so it clearly has an incentive to develop its own apps. This lawsuit is different than previous ones the FTC has filed against meta and other tech companies, right? Yeah, a lot of these lawsuits so far have focused, first of all, on acquisitions that happened quite a while ago, like something like Facebook buying Instagram. And they have been much more about social networking. Meta has been recently moving into what it calls metaverse services and a lot of that is VR and this is one of the first times that we've seen. Our U.S. regulatory agency moved into that space in the same way. What do you think the case means for other mergers and acquisitions that are happening in the VR space? There aren't actually that many mergers and acquisitions in VR that are not specifically met are related as the funny thing. What does potentially raise some questions around is companies acquiring game studios? Microsoft, for instance, is trying to acquire Activision Blizzard. And this is going to raise questions about, well, does the FTC see it buying this game studio as akin to meta buying within or does it think these are different cases? Yeah, do you think this signals anything about the FTC strategy toward big tech companies? It definitely seems to signal that if meta tries to acquire anything, the SDC is going to scrutinize those deals very carefully. And acquiring things has been one of the key ways that meta has really done anything for the last decade. Now Meadows saw its revenue drop for the first time recently in the decades since it went public, why are they seeing a loss? Met itself has been in this transition period where Mark Zuckerberg sees the company's future as being metaverse and VR services and they're trying to build up this hardware ecosystem that they can control in a way they never have mobile, but they're having a rough transition from their traditional social networking. So they've been trying to sort of feel out a future for traditional services like Instagram and Facebook. And it's not necessarily clear that they are completely sticking the landing on this transition. Adi Robertson is a senior reporter for the verge. And now for some related links, we will link to addie's reporting for the verge on our website, marketplace tech dot org, as well as meta's official response to the lawsuit. And a recent marketplace tech interview between Kimberly Adams and FTC chair Lena Khan about, among other things, the agency's plans to change its enforcement manual. That's the way it identifies unlawful deals. Meadows plans to capitalize on the metaverse seem to be a top priority. I mean, Mark Zuckerberg didn't change the name from Facebook to meta for no reason, right? The company is spending heavily on virtual reality. Its latest quarterly earnings show that it lost more than $2.8 billion on its VR division. Jesus alvarado, Sasha Fernández, and Daniel shin, produce our show. Gary O'Keefe is our engineer. Amanda Peter is the interim senior producer. I'm marielle Segura, and thus marketplace tech..
Exposing 'Woke Capital' and ESG With Vivek Ramaswamy
"I mean, people can be very nasty brutish and short to one another, and that can in fact corporate America as well. And something I want to explore with you with this new dogma is what do we go about doing to solve this because it seems as if we're stuck in this paralysis while we don't like government and we don't like corporations so then what do we what do we do to actually go about making this issue or mitigate this issue? I guess you could say, but I just want to reemphasize this though, which is the wokes. They've always cared about power. That is the post modernist philosophical construct. They only care about power dynamics. And someone 20 years ago either intentionally unintentionally realized they said, oh my goodness, the corporations are actually more powerful than the federal bureaucracy. So if we can infiltrate and take over the corporations, it's running the whole country. And it's one thing to take over the FBI and the CIA. We're going to keep on doing that. But to take over Google, to take over Goldman Sachs, now we really can make American our image. Yeah, so look, I think that the issue here is that you have this waterfall of political accountability, right? We were talking about how the state is really using private companies to do through the back door, what they couldn't do through the front door. Back in 1980s, the 1980s, the problem was they used to delegate it to the three letter acronyms like you were citing before the break, right? FBI DoJ, you name it. What's happened is back in 1980, this is what Ronald Reagan tried to fix was the delegation of congressional lawmaking authority to this alphabet soup of the federal government, FBI DoJ SEC, FTC, FDA, FCC, the list goes on. What we're seeing today is actually the governmental delegation of power to a new alphabet soup. FB, BLK, GS, the kinds of AMC and MSFT. The kinds of companies that actually are insulated from political accountability. So the question is, how do we solve this problem? I've spent time writing books about this. You talk about this on your talking about it's fine. I think it's seeing the problem with clear eyes is important. How do we solve the problem? And I think there are multiple categories. There's no silver bullet. I think there are legal solutions, right? I think if people bring cases in court, claiming state action when the government has voted to private company to do something that the government couldn't do.
"ftc" Discussed on Marketplace Tech with Molly Wood
"The push to update tech industry regulations, one of the big players is the Federal Trade Commission. It's been just over a year since Lena Khan took over as chair of the agency and just over a month since the confirmation of a third Democrat to the 5 member commission broke a long-standing deadlock at the agency. That means Khan has a fresh chance to move on her agenda. I recently spoke with Khan at her office and asked her about taking on big tech in the courts. We always want to win the cases that we're bringing. That said, it's no secret that in certain areas, you know, they're still work to be done to fully explain to courts how our existing laws and existing authorities, which go back over a hundred years, apply a new context. But of course, we always want to be signaling and making very clear to the market when we think that there is illegal conduct happening in the marketplace. And I think there can be a serious cost of inaction. So we really have a bias in favor of action. And of course, one will always be winning the cases we're bringing. When you're talking about sort of these older framework structuring our modern world, if you're looking at antitrust law, one of the key ways that that was determined in the past was what it did to consumer prices. And now in many ways, the consumer is the product. And our data is the product, especially for so many of these tech companies, when you have such a shift, how does that shape your strategy around anti competitive practices? Some of the concerns are evergreen, right? I mean, the foundational concerns that led to some of the passage of some of the antitrust laws was around the control that a small number of railroads had come to capture over key arteries of commerce across the United States. Those are dynamics that we see today as well. When you have dominant firms, dominant intermediaries or middlemen that have come to capture control over key arteries of commerce, or communication, that type of power really can do a lot of harm and lead to a lot of abuses. The FTC filed a lawsuit against Facebook. And in that lawsuit we note that one of the harms that resulted from Facebook's illegal behavior was a loss in user privacy. And so that's an instance where inasmuch as data privacy is a new relatively newer type of harm that we're seeing in some of these newer markets. We're explaining to the courts why we think they should be taking that seriously. And many of your shall we say unsupported have said that this is not the role of the FTC, the data privacy legislation needs to come from Congress and that the FTC should stay out of it. Why do you think this is the agency's job? Look, the FTC has been on the front lines of data privacy for decades. If firms are engaging in privacy violations that undermine or break the existing laws, we're going to enforce those laws. We are experiencing record inflation. We just had chair pal raise interest rates again in that body of work that you have accumulated before you even came here. You talk a lot about how consolidation in various industries contributes to higher prices. How much of a role do you think market consolidation is playing in the inflation that we're seeing now? And is there anything that the FTC can do about it? Look, I think there's a very robust conversation around the various causes of inflation and the various factors that are driving inflation. Some of those factors are tied to various disruptions that occurred spurred by the COVID pandemic. I think another factor that we have seen contribute is the way in which our supply chains have become much more brittle. So the ways in which consolidation and concentration has meant that in certain cases, we've put all our eggs in one basket and as a result, when you have a particular type of shock or a particular type of disruption that can lead to these cascading disruptions. One trend has been to really focus on short term effects on consumer prices at the expense of potentially thinking about broader resiliency of the market. And so one thing that we're looking to do is think about resiliency. Just last year, the FTC sued to block a merger between Nvidia and arm, which involved key semiconductor equipment. We thought that type of lawsuit was really important to make sure that with these key inputs and key technologies we have markets that are open that are competitive that are really positioning us to be resilient. And it gets to my next question because semiconductors was on my list with industries like baby formula and meat, tampons, all these areas where we're having shortages with just a few companies operating in these spaces, are you planning to do anything more, like what you did with ARM and Nvidia to try to either disperse the control in these industries or to prevent them from being more consolidated. So we have a couple of inquiries underway, just a few months ago, we initiated an inquiry into supply change disruptions. One thing that we've heard about, especially from small businesses, from independent businesses, is that there might be economic discrimination happening in the marketplace that could be worsening or exacerbating these supply chain disruptions. We also just a few weeks ago launched an inquiry into the infant formula crisis to try to understand, how did we get here? What are the factors that contributed to this? And how do we make sure that for other essential lifesaving goods and services that we are not replicating the situation where a single company or a single factory going offline can just lead to such disruption? We're also stepping back in doing a bigger reset. So both the FTC and the DoJ are currently revising what are known as the merger guidelines. This is basically our enforcement manual for how we identify unlawful deals. This is another area where incorporating more of those concerns around Brazilian sea can also really equip us for the long term. I saw that you're coming up on your 5th listening session for that and I was looking at the comments because I do love the federal register and I saw I saw that you had like 5000 comments more than a thousand of those publicly posted. Given all this feedback that you're receiving and the listening Sessions in the comments from stakeholders, how has that informed what you think the final new guidelines are going to look like? Well, these listening sessions have been incredibly valuable. We've heard from market participants across the country across sectors. So we heard from farmers. We heard from nurses. We heard from media producers. We heard from startups and entrepreneurs in the tech space who are speaking to the ways in which consolidation can really close off markets can make it difficult to enter can make it difficult to compete on a level playing field. So really, it's led to a deeper appreciation for the real costs and the real harms that can emerge from these types of mergers and acquisitions. And really a mandate for us to make sure that our tools and our enforcement manual is fully reflecting that history and that experience to make sure that we're not allowing unlawful deals to transpire and harm Americans. Do you have a sense of when we'll see draft guidelines yet? We're hoping that in the coming months we'll be able to post draft guidelines and be able to get comments on those before we move forward with the final set coming months like three months this month within this calendar year. Lena Khan.
Twitter to pay $150M penalty over privacy of users' data
"Twitter has been ordered to pay a multi-million dollar penalty over privacy violations In an announcement Wednesday regulators with the Justice Department and the Federal Trade Commission said Twitter failed to protect users over a 6 year span They say Twitter violated an FTC order issued in 2011 after serious security breaches the company failed to disclose that user's private contact information allegedly collected for security purposes was used to let companies send targeted ads The company has been ordered to pay a $150 million fine and put in new safeguards In a federal lawsuit the regulators are also alleging that Twitter falsely claimed it was complying with international privacy agreements The announcement came on the same day as Twitter's annual shareholders meeting Jack Dorsey's last day on Twitter's board
Rep. Andy Biggs Proposes Path to Fight Campaign Ad Censorship
"But one of the things that worries me most about big tech I was talking to another congressman the other day former they'll leave his name out of it And he was telling me that his campaign ads used to be censored by both Google Facebook and YouTube that he would get denial You can't run this idea and they weren't controversial ends at all Congressman the guy I was talking to some pretty mainstream guy And I said to him how is that not an FEC violent We have the federal elections commission designed to give us fair and free elections right It's supposed to be conserving again freedom and fairness in elections And yet you have Republicans who can't run ads due to what Facebook says and in Democrats seem to get free reign I mean we do have tools to fight this stuff No yeah we do And we certainly we should be using it Maybe you do have an SEC violation But the problem and you identify just a second ago is the FTC Federal Trade Commission the FTC federal elections commission these folks that get stacked with and they're not regular Democrats These are the less spring Democrats that hate that the professor tolerance but they're so intolerant to us And so I'll tell you there is a way to do this So it's the antitrust law to fix it You do the amendment that the ambition and I worked on a few months back And you take it out of the FTC's head and you take it so there's a cause of action right to the courts itself without having to go through the FTC first And if you do that you're in a full on litigation mode And that's going to be a lot cleaner a lot more transparent It's going to be you're not going to have bureaucrats getting in the way and intervening this I mean there's ways to get at this But it is censorship I mean there's no other way
"ftc" Discussed on The Vergecast
"And they couldn't make it because they were anti net neutrality. So they had to make all these other arguments and they just got their asses kicked. But the whole point of it was to scare CNN. He would dude was just mad at CNN. And I think a lot of this Facebook animus from that administration was pointed at Facebook moderation policies. It's just kind of the way that that administration works. So it didn't surprise me that they didn't make the case well. It surprised me and had a little more additional work to Lena conversion at D.C. had to do to get some export. The end result, though, is that they still have one virtually nothing. They're just allowed to go forward, the judge is like, this is a high bar to clear. You might not win. Yeah. Yeah. And I was kind of surprised by the tact they took. The thing they want to break up is specifically they want to carve out Instagram and WhatsApp. They don't want to get rid of anything else. They don't want to deal with the whole ad duopoly or anything like that. They're just focused on Instagram and WhatsApp. That just kind of surprised me because I would have not seen that as the real harm of the Facebook monopoly. Yeah, I think it's interesting Casey has made this point in platformer, especially in the one issue platform where we syndicated that there's a lot of ways to think about Facebook, but Facebook right now is facing so much competition. By the time this court case happens, whether or not Facebook owns Instagram might be totally irrelevant. TikTok might have succeeded in destroying Instagram by the time this case a resolution. The judge throughout another claim about Facebook, API interoperability and data sharing, because he's like, they stop doing it in 2013 anyway. Why are you mad about this thing that I haven't done for years? So I do think there's just a lot of that. And I also think mentioned advertising to operate. At the same time, Apple just unilaterally was like cookies are dumb. Facebook's ad business has taken a hit. So there's a lot of actual market competition coming for Facebook. So I think the FCC saying, this acquisition was illegal, and we're going to try to create competition by breaking these companies up. It might be too little too late, but it certainly sets a tone for how they're going to think about everything else, including it's all the VR acquisitions. So like Casey made the point that the fact that they're scrutinizing the VR acquisition is potentially a bigger deal because it's sort of forward looking, which I think is true, but I also think like we're living in the tech space and we're very sensitive to like sort of small variations where like TikTok gets a little bigger and like it seems like it's on the rise and this is understood to be a threat to like projecting out like 5 years in the future, Facebook, but like it still is just the giant in the room and it's still does own the top three social networks in the world. I mean, if we're calling what's at the social network. But it's still is just this massive thing. And I think the nature of the FTC process and antitrust processes generally is that they move really slow because you're trying to do this big complex thing that has rightfully for the same like Time Warner reasons you were describing. Like we don't want it to be a good way to just punish your political opponents. But like slowly setting those guardrails is really important. And I do think it's still like a world in which Facebook has to divest from Instagram and WhatsApp is still a way bleaker future for them than a world in which they kind of squeak by and you know maybe have to pay a fine but don't get the worst consequences from this case. Yeah, I feel like we don't talk about the main face of blue app on the show ever. We talk about the companies that hold meta company. But the main Facebook blue app like them adding a feature to that does not merit our attention. We ignore it, but it's still for many people, the Internet. Yeah. Even for people in this country, certainly for people around the world, especially in other countries with different Internet access regimes. Facebook is the Internet. Yeah. And so what they do is important. I just think their positioning themselves now is meta. They're acquisitions in VR are much more stopping that stuff early the way that the government may or may not have stopped Instagram early like as a better chance of being successful policy wise than trying to break up Instagram at this moment in time. Earlier I said this government was competent. I just meant that they're not nakedly motivated by politics. They're good at being lawyers in that way. That's what I mean by competence in this. In this regard, I don't mean that they're going to be successful at this because they've got home runs on their hand. Yeah, this was the big thing that like the big other ruling is that Facebook had tried to sneak in in this dismissal motion, like, by the way, Lena Khan can't even argue this because she was mean to us earlier. And we had some articles that were meaningless. And we got like this thorough thorough sort of reasoning from the judge being like, no, this is a ridiculous argument. Like obviously, anyway. Yeah. Google is making the same argument, too. They wanted to be like, so you've tweeted about us before..
"ftc" Discussed on The Vergecast
"This company seems to want to sell itself. And I think all of this pressure, we've talked so much about antitrust and show. All this pressure is like maybe everything shouldn't be consolidated. And I think this is a good outcome. That this company is to figure itself out and Nvidia can't beat Qualcomm by giving itself access to the next generation of arm designs first or like doing weird licensing deals that arm just has to sit at the center and remain like a good supplier to these companies. The thing I don't want is a consent decree where they're suing, but the end result is that they let it happen, but Nvidia has to promise to be nice for 5 years or whatever. Yeah, because that doesn't seem like. Four and a half. That's how far they're both. That doesn't seem like this FTC. The Lena Khan FCC is not doing that. But we'll see what happens. The suits filed Nvidia could win. It's an outcome. It's not blocked yet. But they're facing this journey in the EU in the UK and the United States. So we'll see how it goes. Okay, speaking of chip news, there's yet more chippy, Alex. It was Qualcomm day. Can I just say this? So called weak, they're big event, not a bunch of stuff. They let it out, they're going to change the Snapdragon branding. Which is a big deal. Yeah. I was like, oh man, they're walking away from SnapChat. No. The new branding is that it's called instead of Snapdragon 8 88. It's Snapdragon 8 gen one. And I'm gonna put it out there that if you're pre announcing that you're making a branding or confusing. Maybe you should rethink that whole situation. Anyhow, tell us what Snapdragon 8 gen one is. All right. Every year, Qualcomm has this really big event where they announced their new processor that's going to go in the phones for the next year. And that's essentially what we got today, which is a Snapdragon 8 gin one. They looked at Intel and they said this will be fine. Intel's got it on log how to name processes. Let's follow. At least lakes involved, right? Yeah, there's no lakes. Yeah. No lakes. It's interesting. Can you contextualize the name real quick? There's also a Snapdragon 8 CX gen three. Yes. Okay. So which is different from the snap dragon G three.
FTC Should Investigate the Democrat Party for Anti-Competitive Behavior
"This is absolutely outrageous So the Biden administration Biden Harris and the rest of them They're going to make the price of fuel even higher They're going to reduce the domestic supply even more Even more As they write a pry bar the Biden Harris administration is recommending Congress hiked the cost of oil leases on government lands from 12.5% to 18.75% The 6.25% point royalty rate increase in oil companies contradicts the administration's promise to lower gasoline prices Biden Harris administration have asked OPEC to increase oil supplies They asked the Federal Trade Commission to investigate oil companies for so called anti competitive behavior How come nobody can investigate the Democrat party And the federal government and the bureaucracy for anti competitive behavior That's what they're all about That's what they're all about
"ftc" Discussed on Digiday Podcast
"In our first episode, we spotlighted a recent FTC case against period tracking app maker, flow health. And how some said the FTC should have been tougher on the company. In this, the second and final episode, we're zooming out to look at how a con led FTC is changing its approach to tackling tech. How it's addressing the intersecting issues of data privacy and antitrust. How partisan rancor and politics are influencing the FTC's future. And how it's passed could get in the way. Not.
"ftc" Discussed on > Better Series
"The next great social media platform is so brands are constantly thinking of new ways to engage with consumers. Right like even the influencer. Guidance and the micro influencers guidance from the up documents put out by the ftc. I mean it's gone. Even beyond that to some extent. I think and in reverse to write like it's not just the way that brands are engaging with consumers is the way that consumers are engaging with brands. And it's creating this two way flow of information and it's very hard to track who's responsible what so it creates a whole new set of potential influences and connect that may or may not be material influences and connections on the content and those material connections might require disclosure right. Yeah you know with the evolution of social media. There's always some new app to be used and what you were saying about. The flowing in multiple directions is really important. Because you know you have a whole industry of people who are the whole point is that they're making up content and they're making up how this content is used. You know it's not it's a. It's a really interesting space. Because it's not the brands kind of pushing innovation. It's just you know average people who are looking to make a splash in. They're looking to like get attention that they're the ones you know. Kind of creating the ways and interactions. You know that's really. I think what happened with tech talk. You know with again started out as a social media platform that wasn't being primarily used for advertising still not being used primarily for advertising but influences were able to show brands. I think how they could this a lucrative relationship and that kind of brought advertisers into looking at diktat contents at how they can monetize that and how they could use that to build brand awareness so it's an evolution. There's no clear answer for you. Know some of these interactions. You know it's always good to to start with your well. Establish precedent in standards and look at what the ftc has said and figure out how to try to apply it to this new environment..
"ftc" Discussed on > Better Series
"A purchase when you're a game play is actually a purchase and so the the guidelines specifically call out some examples of fat. So we say don't engage in unfair deceptive manipulative tactics including but not limited to deceptive door. Openers wars this social pressure or validation or validation. Take the child into account. Make the game or the app about the child. Yeah so. I think you know that notion of taking extra care and remembering the audience. As a child in has limited cognitive abilities limited emotional maturity and also kind of leads right into the next topic which is children's You know the fact that we updated it guides to incorporate ftc guidance on influence your marketing because one of the major issues there is whether a influence remarketing or that type of marketing is clearly identifiable as advertising and of course it can be challenging to identify what's advertising versus what's content in any case but especially in the digital environment so So one of the things that we that the major changes. As i mentioned that we did was to really look at the ftc's updated guidance on on influence marketing Social media wanna one and the f. accused. They've issued on the endorsement guides. And of course we did that because is really important for the came who guidelines to be at least as protective of children on as ftc law is right so if the ftc guidance is saying that something is deceptive. It's important for the cable guidelines not to to allow that or condone or encourage it. So he can you talk about a couple of ways that we updated guidelines with respect to employment marketings. Yes snow what we've done. Is we have a separate section on endorsers in influencers that as you say clearly lays out the basic Ftc positions on us. And that is if if a child because what. We're talking about here children if a child can't know from an influencers presentation you know if it's not obvious that the influence or is being paid to make this ad being paid to play with this toy or eat at this restaurant or visit this theme park. Then you need to clearly and conspicuously disclosed that. So what we've make clear is that you need to influencers..
How the 'Right to Repair' Could Expand Choices and Lower Costs
"Have you ever broken one of your devices. Maybe dropped your cell phone in smashed screen or spilled a glass of water across your laptop and watched as the machine became no more than a paperweight. The options for repairing your devices in these kinds of situations can be pretty limited. Take it back to the company. Bought it from pay them to fix it or bring it to an authorized repair service. Sometimes the cost of those repairs can be so high. It's often worth just buying a whole new device but various proposed right to repair laws and even an executive order could address that by making it easier for small independent repair shops to fix our devices often at a lower cost or senior personal tech columnist. Joanna stern has been looking into this issue and comparing some of the costs and she joins us now to talk about it. A high joanna. Hey zoe so there's this fair repair act in congress but it isn't the only bit of momentum that the right to repair movement is having at the moment. No definitely not. There are a lot of pieces of this. Both at the national and state level but yes. The fair repair act was introduced in congress in june. There have been over. Twenty bills introduced at state levels including states like new york and massachusetts then in july president biden issued an executive order asking the ftc. To look into this and the thing is is that all these efforts are different but the ask for something similar. And that's really that anyone not just the big corporation that made your device be able to access the information. Manuals the parts and the tools to make a
FTC Hits Facebook
"Federal trade commission has revised and expanded. Its antitrust complaint against facebook. A federal judge dismissed earlier suit in june saying it lacked substantiation. The ftc argues facebook's acquisitions of instagram and whatsapp allow the company to monopolize social networking
FTC Files Renewed Antitrust Complaint Against Facebook
"The government is sharpening its antitrust attack on Facebook federal regulators are taking another shot at Facebook alleging the social media giant has abused its market power to suppress competition a federal judge two months ago dismissed anti trust suits from the Federal Trade Commission and the several states saying they did not give enough evidence that Facebook is a monopoly the FTC has now filed a revised version of its complaint even as Facebook Google Amazon and apple face multiplying efforts to rein in their power from the justice department down to state legislatures Sager mag ani Washington
GE Appliances and Google Announce Partnership
"This morning. A new partnership was announced between google and ge. Maybe the first time. I've ever mentioned ge on the show but it's ge appliances specifically and this is to build out smart appliance capability. So you can see how that would make sense. Quoting the louisville courier journal. Which i believe is the first time i've ever heard from them. As well. quote continuing on the momentum of recently launched new refrigeration line louisville based ge appliances is partnering with google cloud to focus on bolstering the manufacturers smart appliances capabilities. The two companies announced thursday the multi year deal folds into the louisville based organizations multi cloud strategy said shah chief digital officer of ge appliances a higher company cloud computing provides computer system resources like processing and storage without direct active management by the user shah said in an interview with the career journal that ge appliances currently works with amazon web services and oracle cloud infrastructure. The partnership with google cloudy said we'll leverage the california based platforms data capabilities shazad. Ge appliances plans to be proactive with intelligence collected through google cloud such as learning potential issues with appliances alerting customers and finding potential solutions. Ge appliances is constantly looking for ways to improve consumer experience. Shaw said for example. He mentioned that through cloud computing. The company was able to roll out an update to remotely add air fryer capabilities to two hundred thousand ovens and ranges just this past april and
Senators Want FTC Enforcement on Autopilot
"Aren't so pretty. Nice day for tesla stock today shaking off some of the red from earlier this week. Finishing up three and a half percent to six hundred eighty dollars ninety nine cents comparatively. The nasdaq was down nine. Tenths of a percent most of that drop happening in the last hour. Two hours of trading after the fed minutes came out so the minutes from the federal reserve's meeting today indicating that they are considering tapering off their monthly asset purchases sometime in the near term but obviously those things can and often do change so the market reacting to that towards the end of trading and tesla got pulled down a bit as well so pretty strong day for automakers just across the board today so we ejected on this yesterday but will check in again today probably for the last time this week but weekday performance so far tussles down about four percent a little bit less than four percent so far and actually now doing about a half a percent to full percentage point better than gm. Ford's atlanta's volkswagen and neo so despite all the coverage of the knits investigation. If you'd just slept through the first few days of the week which is actually not a bad strategy for an investor and you just looked at automaker performances we to date. You'd have no idea that there was investigation on tesla. And you'd probably say oh tesla's having a pretty good week relative to others so markets down today tesla up and that was despite reports that two. Us senators are currently urging the federal trade commission to open a probe into whether or not tesla used deceptive marketing practices involving drivers systems features which tesla of course calls autopilots and full. Self-driving that is per the wall street journal. They write quote in a letter to the head of the fdic. We con dated wednesday senators. Richard blumenthal of connecticut and ed markey of massachusetts said they have serious concerns about how tesla advertises. Its advanced driver assistance features. Which don't enable vehicles to operate autonomously. They took aim chief executive elon. Musk for some of his comments and quote.
Biden Administration Sounds Alarm on Rising Energy Prices
"Energy prices keep rising and the by the administration's raising alarms both at home and abroad gas prices in the U. S. are up about a dollar from a year ago national security advisor Jake Sullivan says the higher gas costs are left unchecked they could hurt the global economic recovery he's calling on OPEC to move faster in restoring the global petroleum supply to pre pandemic levels the White House is also asking the FTC to look for any illegal actions in the domestic gas market that could be leading to higher prices at the pump the actions come with the administration's sensitive to rising prices across the economy a key talking points for GOP critics Sager mag ani Washington
China Cracks Down on Big Tech
"It was really interesting Here in the united states there's a lot of scrutiny over big tech the power that companies like google and facebook and amazon microsoft apple and twitter amassed You know i have a problem with it but You know you certainly. They certainly are powerful. He certainly are and You know maybe that's an issue the european union Thinks it's an issue so they're working on a lot a lot of different london for folks. what's interesting is of course the democracies it's a long drawn out process. Ftc investigates congress. Legislates there's a debate back and forth and nothing happens for a long time if ever that kind of thing. Meanwhile in china where the chinese communist party rules with an iron fist We don't have any of that debate discussion and they are cracking down on big tech and in some ways crack down a big tech in the ways that says some of our members of government would like to crackdown here. It's kind of interesting. It started Last year when The the company ant financial run by jack ma the founder of alibaba the amazon china cited do an initial public offering in the us in the us stock markets. China didn't like that. They cracked down the shutdown they Jack ma was a little Critical of the chinese regime saying you know they don't really allow us to be as capitalistic as we need to be the shut him down He disappeared for a while. reemerged But i don't think he's a china's richest man anymore and i don't think that and financial really is an you know they certainly didn't do their. Ipo now. They're cracking down on the uber of china. Dd actually cracking down on a lot of stuff. Ten cent why boko
"ftc" Discussed on The Journal.
"A monopoly for themselves big high visibility cases like these are important but they aren't cons only priority and she's got a lot of other things that she wants to do. She wants to write rules. That aim to boost competition and target unfair business practices in sectors across the economy. Cons plans for the agency. Were the focus of this week's house hearing and lawmakers came with a laundry list of what they wanted the ftc to enforce everything from online fraud and ransomware to protections for veterans and older adults. Kahn had her own message for lawmakers congress. Please give us more money. And if you want us to do all these things well we're going to need more resources. But republicans voiced their displeasure over cons. Early steps. did they say indicate. She's consolidating power. Here's republican congresswoman cathy. Rogers continue to hear that. The ftc needs additional funding staff authorities but if decisions are being made behind the scenes unilaterally really makes it hard to justify such request despite some critique ryan says the con held her own in the hearing. I once had someone who had testified before congress. Tell me that really what you're trying to do is not lose when you're under pressure and i think she didn't make any errors or have any blow up moment you know it was a fairly even keeled. Hearing from her and to the extent she got pushback. It was really on this issue of how she's running the agency. What the agency's internal process and policies and procedures have been under her leadership and a lot of that is coming from republicans on the commission being frustrated that she's in their view cutting her out of the process. And you know. She responded to that by saying she was open to thinking about how to do things differently. And that seemed to satisfy lawmakers at least for now. Why does it matter if congress is happy with her or not look in terms of conducting her daily business. She's already got this job. Congress doesn't have any direct. Say about that on the other hand she does have things she needs from congress and if he wants to get those things she's gotta support from democrats in probably also from republicans at least on some of them because some of that legislation will have to be bipartisan. To get through. After the hearing con held a press conference. She stayed on message and didn't ruffle feathers but there was one notable thing. She had a book with her a book about a century. Old action by the ftc. She said it had a fairly boring title. Like federal trade commission report on meatpacking industry and basically as she described it. It was the commission's investigation into this industry and how it worked and how different companies might have had power over different segments of the supply chain and that sort of thing. She also noted kind of with the laugh that the ftc had tried to take action on that industry and that congress ended up thinking the agency had gone too far and limiting its jurisdiction with respect to that industry which i thought was kind of an interesting comment given that in a lot of people's view she may try to herself push the bounds of the ftc's legal authority. That's all for today. Friday july thirtieth the journal is a co production of gimblett and the wall street journal. Your hosts ryan knutson and me caitlyn mock shows produced by catherine brewer. Pia god cari any munaf. Laura morris athena suli ricky novitsky and riquet perez de la rosa sarah platt will ruben matthew sherman matthew schultz anti row strasser and john white. Our engineers are peter. Leonard griffin tanner and nathan singapore. Our theme music is by so widely additional music. This week from katherine anderson. Bobby lord emma munger so widely and blue that sessions fact checking nicole. Pacifica and emilia shown back. Thanks for listening. See a monday..
"ftc" Discussed on The Journal.
"Lena. Cons career. lena con is a writer. she's an academic. She's a former congressional staffer and government official and she's a leader of a progressive movement that views monopoly power as a huge problem in the economy con is the youngest person to chair the ftc. She's thirty two years old and the thing that really put on the map was a paper. She wrote in two thousand seventeen while still in law. School called amazon's antitrust paradox. This paper helped popularize a new way of thinking about monopoly. Power in it. Kahn argued that the government didn't go far enough to protect consumers because antitrust enforcement focused largely on prices in her paper about amazon she talks about how if you just look at prices and you're thinking about consumer welfare. It would be hard for you to see anything wrong with amazon. Because often prices on amazon are lower than they appear to be in other places online and amazon does a lot of things that consumers love what that may miss is. The impact that amazon has on other businesses because amazon is sort of a gatekeeper. That a lot of small businesses have to go through to get to customers now and that that potentially is harming competition harm innovation having all these other effects that may not be measured. If you're just looking at prices in the way that antitrust laws often have in recent decades. This paper landed con in the spotlight. Amazon objected to it. The company said they did have quote intense and well established competition. That was about four years ago when khan was still a law student but now she's in charge of a major government agency. A lot of people know the ftc exists. What does it actually do. It brings enforcement actions at sues companies when they do bad things it rights rules and regulations for example. It has rules on contact lenses or the labels on your clothing. That tell you how you're supposed to care for the clothing and it also does some public outreach. So i should be grateful to the ftc for knowing whether my clothes can go in the dryer or not. There is an ftc rule on care labeling. Yeah that's right. How much spin cycle should have. Well we don't want to go too far down this rabbit hole but there's actually a whole debate about what the labels should say whether they say enough learned recently. There's something called wet cleaning which is different than dry cleaning. And apparently the rules aren't very friendly to wet cleaning the rules of what the labels should say so. These are the things on lena contemplate. That's right yeah you know. It's the sec. Regulates wall street the environmental protection agency looks after the energy industry and clean water. The ftc looks after all of commerce and trade. And so it's a huge ream it that this agency has but cons pass to the top of the. Ftc was in some ways unconventional usually before confirmation hearings. A president identifies which of the five ftc commissioners would be their pick for chair but when biden first nominated con. He didn't say pick her to lead the agency so when khan was being confirmed lawmakers had no idea that she would eventually become the chair. I was surprised at how little opposition to her. There was during the confirmation hearing. You know this is someone who is clearly liberal and you would have expected some republicans to be concerned about that puts. He's also someone who's been very critical of large technology. Companies and there is bipartisan agreement. About that and so we didn't see republicans grilling her in the way that they might grill some of the other really liberal nominees that the president is putting forward. The senate voted across party lines to confirm her nomination as commissioner and then now a source telling us that she would actually lead the agency. Someone who is noted as a vocal critic of big tech companies president biden named lena con as chair of the federal trade commission after the senate confirmed her earlier in the day. So this really shows you. The direction. divided administration wants to take antitrust enforcement. And that is much more seriously visit. So she was nominated as commissioner and then confirmed by the senate then biden chosen to be chair of the commission so he kind of pulled a fast one so there were some republicans in particular who felt a little bit hoodwinked and said that if they had known that she was going to lead the agency as opposed to just being one of five commissioners they would have scrutinized her record a lot more closely. A white house official said the president has no obligation to say which ftc commissioner will lead the agency so in her first weeks is chair of the ftc. What has condon in that role. She hasn't made any massive policy changes yet but she has done a few things very differently than her predecessors. She's had to open public meetings. They were held virtually but the five commissioners are all there on video debating and discussing some policy changes and then voting on them and they also took comments from the public during these meetings. This is something that the. Ftc hasn't done for decades now. That kind is in a powerful position and has shown. She's willing to rewrite the rules. The forces against her are piling up including two of the biggest companies in the world. That's after the break. This episode is brought to you by american express business. Help take your business. Further with the card built for business american express business cards are packed with features and benefits like membership rewards points and flexible payments. Don't do business without it. Terms apply learn more at american express dot com slash business cards when khan took over leadership of the ftc. Amazon publicly challenged her objectivity saving her statements and writings. The fcc has an active antitrust investigation of amazon and amazon has sort of preemptively asked for lena. Conto to be recused from that investigation and any action. The agency might take a role two weeks later. Facebook which is being sued by. The ftc antitrust came out with a similar argument in facebook view. She should be an impartial observer. Of these facts you know. She's brought onto this job. She has access to the evidence that the agency has and then she makes a judgment keeping the public interest in mind and upholding her oath to the constitution and all these things that that public officials are supposed to do and if she's already formed her view then how can you do that. Facebook's argument the ftc's case against facebook predates con but it gets right at the heart of her philosophy. It doesn't look at prices for consumers. Instead it focuses on how facebook's acquisitions of companies like what's happened. Instagram stifled competition and hurt consumers. And what the fcc says is we may not have challenged these mergers back when they happened. But when you look at the whole picture we think facebook wasn't making these mergers for good business reasons. We think they were trying to keep competitors out and to create.
Facebook Seeks FTC Chair Lina Khan’s Recusal in Antitrust Case
"Is seeking to have lena con chair of the federal trade commission recused from the agency's discussions over whether to file a new antitrust case against the company. Facebook says con can't be impartial because of her long history of criticizing the social media giant and other big tech firms. The move comes. Just two weeks. After amazon filed a similar petition seeking cons. Recused from the ftc's antitrust investigation against it and ftc. Spokeswoman declined to comment previously. Kahn had said she would consult with ftc ethics officials. If issues like this came
Facebook Is Seeking Recusal of FTC Chair Lina Khan in Antitrust Case
"ftc" Discussed on Pivot
"Has petitioned for new. Ftc charleena conjure accuser. Self from antitrust investigations into the company. Lena has worn was sworn in as a chair of the ftc. In june when she was a law student at yale. She wrote a blockbuster paper that got all kinds of attention. Called amazon's antitrust paradox. now has filed a twenty five page motion saying giving her long. Track road of detail pronouncements about amazon and a repeated proclamations that amazon has violated anti-trust laws. The reasonable observer would conclude that she learned can consider the company's interest defenses with an open mind. Oh dear what honestly honestly. I don't know what to say here scott. What do you think this is like a hard frigging no amazon. How dare you but go ahead. This is the same virus that infects robinhood and all big tack. And then as they're the under the impression that they can totally overrun government that they can overrun our elected officials that can overrun make any argument. Regardless of how moronic disingenuous and dangerous. This is an attempt to intimidate people to say we can slander. You and you won't be able to go into government because this is similar to sing all right if you're in law school and you write a paper on the risk of derivatives and then you end up as chair of the sec that might obviate. They might diminish your ability to be to be the sec chair. 'cause you have shown a bias i domain expertise so this amazon's basic argument is if you show any of the domain expertise that were supposed to have in government it didn't it. It diminishes your. This is so fucking ridiculous and the fact that they even wrote this and have the stones to say it or as stephanie rotate would have the vagina to say. This shows that we have totally decided big tech and overrun government. This is i was. This is the notion that oh. Because you've demonstrated domain expertise it inhibits restrict your ability to be a neutral arb-. That's the point. You're supposed to have domain expertise around these issues. Conflict of interest is if by the way these are appointees eventually you know three democrats to republicans in this case it used to be three republicans to democrats this is like. Of course they have a point of view amazon. That's that's how they got there. I mean if she if she she was the largest shareholder and overstock. That's a conflict of interest. I was trying to think of a competitor amazon. There isn't one. This is domain expertise so now big tech is so emboldened feels like government is is is such a week competitor in the media is so i don't know such a sycophant anything. They say that they're going to claim to own now. Domain expertise conflicts. You you know. It's interesting because it does go into you know when they have hearings for supreme court. You know what's your stance on. They try not to say that they have you know jurisprudence or whatever behind them so you've seen their cases and so it's a really interesting. It's it's just infected everything that you can't have a point of view and then also be changed. Look at the supreme court this session. They've done some things you know. You're like whoa. I thought that was that. And now it's that like i think it doesn't bring into the idea that people can have their minds changed for one with good arguments and instead of good arguments. They're saying she has the point of view that that they should spend their time trying to convince her why she's wrong versus trying to to to impugn her in this way. It's just ridiculous. It's so ridiculous they never do it to a man. I don't think i have to say that you know and not you know. I don't think this is. I don't think they have never happened. Never there's you know there's scuttle butt whisper campaigns and things like that but this is a full on assault. I think in some. I think one of the reasons. Lena's the ftc chairs. Because she's a woman. No no no no no no no very popular pick for for job for president biden into his trying to show the world. I am not some. That's fine sixties. I'm gonna make you just looked appointments. He just took make little effort to look around a little wider beyond his his group. I think it was a great choice. But i think that i'm not sure she'd be. Fdic chair at thirty four there. She were a man. I think this presidents committed to having appointed officials at look feel and smell like america which is the right thing. But i don't think i don't think amazon would have gone if if a dude was the fdic chair. They would have gone after him as well. I don't think we'll see because after tim. Whoa we'll see what happens here but in any case this guy's a dancer. They should spend their time convincing her. She's wrong and changing her mind. Which is what you do. Just do a supreme court. Justice is definitely changed her mind. Who shifted the more liberal become. Mostly they become more liberal when they join supreme court. Interestingly enough And so it's you know. Look at john roberts. No one thought he would have decisions been having. He's just been convinced or persuaded or argued at or debated too and that's how this should work. They should have a point of view and she does and she said a lot. I did a long interview with her. I'm sure they'll use parts of that. I was thinking. I went back and looked at it. I'm like oh they'll use this. They'll use that. They'll use this and and so you know it's just. This is just takes us to do that. I don't even think second set. It's such a. I'd love to be in the room with the amazon lawyers do like. Hey let's try to like you know what i mean in the old days even like now. We're not doing that. We're just gonna make our case right in this case. They said they pulled the trigger on this one. And i just find this appalling. Sorry i don't think it's the lawyers. I think it's their communications. Seen it says. How do we create doubt and distraction. And we'll let's immediately start attacking the just the idea and the ftc chair and it'll create a show and if you say something long enough and fox news will run. Like is lena con. Should she be recused though. Put the question. Jeff as though this is a hard one for them like they don't have they don't like basil's more now they won't..
"ftc" Discussed on Here & Now
"They're trying to do won't be easy. We reported this week on a judge's decision to toss out the ftc's antitrust lawsuit against facebook. The judge said that the agency didn't prove its case so what is con- in the ftc. Up against here. Yeah i mean. The judge basically agreed with facebook's argument saying this should be dismissed because saying it was as if the agency expected the court to nod to the conventional wisdom that facebook is monopolised rather than like show their work right now. The court has given the ftc thirty days till the end of this month. July to refile the suit. They're going to have to give a lot more specifics to be able to advance. These claims against facebook. Yesterday amazon asked for her recused from their antitrust cases before the agency. Oh what else are we hearing from her critics or big companies. That don't like the direction she's taking this agency. I mean amazon has been the most outspoken right. And it's the company that lena con has been most associated with as a critic amazon also pointed to her broader work. The work she did it open markets at the house judiciary committee that work took aim at a lot of different companies. Not even just intact so there's certainly a lot of critics. None of them have been as outspoken as amazon. You know when. I asked former. Ftc chair in general counsel bill kvass about the amazon petition. He said you know this issue is surely something. The agency would have examined very carefully. When khan was nominated. He thought the petition was mainly a distraction. But she certainly target and she's had these very public views about monopoly power and and now you know. She is in charge of regulating many.
"ftc" Discussed on Steve Forbes: What's Ahead
"Hello i'm steve forbes. And this is what's ahead. We you get the insights you need to better navigate. These turbulent times the federal trade commission was created over century ago ostensibly to protect consumers from fraud and corporate monopolies on. Fortunately this government body now is doing more harm than good and should be terminated one deadly example of how the ftc is hurting the public instead of protecting is unprecedented. An underhanded actions to block a biotech deal that could hasten the ability of a new form of cancer testing that can detect numerous forms of this dread disease before their symptoms the acquiring company called in china wants to acquire a company called grail outfit that has developed a type of tests that can detect fifty different kinds of cancer with a high degree of accuracy. The test itself involves only drawing blood. It's a perfect fit in that. Aluminum makes equipment to process that tests and can assist grail with getting fda approval not to mention dealing with other potential obstacles at the ftc. Is gone all out to obstruct the merger even going so far as colluding with antitrust officials in europe to delay or kill the deal how in the world can you claim a monopoly for market. That doesn't yet exist. Turns out other companies are working on tests that might compete with grill and want to use the ftc to help out by hobbling grill by delaying the introduction of life-saving testing the early detection of cancer. The better the odds of besting at the ftc's engaging lethal and immoral behavior while the aluminum grille is particularly agree. Gis the agency has been behaving erratically. And in a high handed manner for years for instance the supreme court recently ruled nine to zero that. The ftc was acting illegally when not only obtaining junction against companies agency thought were engaging and fraud. That's fine but also imposed stiff fines that over time ran into the billions of dollars. A high court said. The ftc can impose funds without growing through proper legal procedures. Ftc went after a high tech titan. While com rebuffed not only in federal court was also posed by the justice department. The agency is notorious for acting prosecutor. Judge and jury and actions that brings and heavily pressuring companies and individuals to get the results. The agency wants the. Ftc's activities especially antitrust can be turned over the justice department. In the meantime the white house and congress should pressure the ftc to cease truly pernicious acts against alumina. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions. I look forward to being with you. So it again..
"ftc" Discussed on NewsRadio WIOD
"Mobile service is back now the FTC is investigating exactly what went wrong yesterday they're network outage impacted customers from coast to coast for over twelve hours my poor mother was texting me or trying to get in contact with me like what's wrong with it I do and I had to explain it to my Spanish mother my choice not fun nor easy so T. mobile next month I should not have to pay I went there the only thing I could do by asking additional questions as potentially get myself in trouble so when anything goes wrong in my mother's world I have to fix it or have to have an answer and I didn't have one yesterday I was playing my internet service because my my out my service was not working either so different version of a potentially similar thing would have been like with my Lebanese grandmother I think to a certain extent right all right all right plantation to rename or not three name that's a question let's go to Jo Jo welcome to the show I think Joe lived here all my life and I don't can you hear me yeah we got you okay I've been here all my life I was born at dollar general and plantation way back when was five acre home site so you want to make you feel like you had a large piece of land it was never really anything to do with anything in the Deep South there any difficulties like that and and the whole renaming everything eliminating that history is really a problem for me Dade County is named after the candidate in the Dade massacre you know but people don't know history and they're gonna be likely to repeat it correct correct correct to appreciate the call Joe thank you very much and I I again on the change dot org petition they say that it should be renamed because of quote unquote a symbol of its racist Confederate past and that I think is a key in this conversation as well come back around to its go to Louis Louis welcome to the show yeah Lewis from Eileen a self appointed representative of we the people okay and good you got some bites of mine right now for sure yeah yeah oh boy I tell you what it is weird but I'm against it because it it we got a fight on every front is that the kind of like their their strategy is death by a thousand paper cuts you know one little paper cut here one little paper cut there and pretty soon they're trying to rip up the constitution and and take our guns away I mean it's just incredible the staple hello thanks for being there good to hear from you let's go to Bonnie Bonnie walking to the shell thank you Sir thank you evidentiary plantation can be a small village so we are correctly named and our name will never go away because everything that is changed will refer back to formally named plantation so there really never going to be racist you know what Bonnie you say wave perfectly into where I was going to go next thank you very much for the fax and for listening reaching out as well so if first I'm gonna give you two different definitions of plantation and then we'll talk about what plantation actually his name for all of this matters in the context of this vapid conversation and David this absurd absurd petition so the definition of plantation if you go with Merriam Webster it's usually a large group of plant especially trees under cultivation if you go with dictionary dot com usually a large farm or estate especially in a tropical or semi tropical country this is set up plantations way predate anything that took place in the south during the slavery era in this country and they continue to this day well past the point of slavery and the United States moreover to the actual name Nina plantation Florida somewhere along the way fax should enter the equation and near as I can tell what the whole job of news reporting that's been done on this I don't mean to indict everybody if there has been anybody in news media in South Florida that's actually done their job and that a little bit of history here I do give you a pass but I've yet to see it when I've looked into it so in Florida is actually named for a company it was named for the Everglades plantation company which either way wasn't even found it until the nineteen hundreds again well past the point of slavery the Everglades plantation company had nothing whatsoever to do with slavery antibodies point also plantation was made to be an area of large estates which fits the definition of plantation not the one that people want to associate with plantations that took place in the south that's later on hello yet again named for a company that was active in the area around the time of its founding no definition rooted in slavery and this is where it begins to get important because somewhere along the way who are the racists are they not the people who project race where it doesn't exist I mentioned earlier in the show I never once thought a plantation Florida and on slavery because I don't associate that word was slavery because yes I know they were slaves on plantations but I know also what plantation what is this and it's not again to slavery so why what point are we waking up and looking to be offended where are we interjecting race where doesn't exist and if they're willing to do it with that word and with that name where else just anywhere somebody wakes up and feels offended it's absolutely absurd be right back right my journeys radio six ten WYO date.
"ftc" Discussed on 860AM The Answer
"Your lawyers I don't want the the the FTC diverting your intellectual property experts I want you to target the virus I hear your honor and I will support you and what what do you how do you how do people communicate through you with the government your your member well how do they work that well we have a honest it's been a tough couple years for members of the cast you just pulling a lot of people a black movie a lot of people thank you for taking away from China and now this thing obviously you know business to stop in in almost every category except perhaps laptops and and a few other products well I am inside the domain any there there are some as soon and Amazon are in great shape yeah the company that did the don't make physical products are are doing okay I mean it's certainly others will fill a rebound I'm sure Amazon will be challenged in different ways that I can anticipate I haven't spoken directly to them but there's a lot of like companies like Google and Facebook they're gonna get hit that there if there are on it everyone said when some of the circuit I think by this so I I think this is one example of the nation coming together to solve like one of the biggest problems in our lifetime frankly economic stoppage on put on top of the fact that we're you know complete confined to our homes and people are getting sick and dying in places like New York it's going to get worse before it gets better but I think what Congress did last night economically if this doesn't address it I don't know what this is like one big polio vaccine of injected into the economy in such a big way it is a massive massive massive bill that will want to check is doing I I talked the Surgeon General yesterday Gary they are providing the platform for sharing internationally the data set which is so enormous because so many people are sick close attention to what the administration is doing it's like literally scores of things every day in different ways this is a massive massive effort by virtually every US government agency in that work with with private industry to do things we will work with the government on the website to make sure that we could consumers we get information that they need to access telemedicine and and and so they don't have to leave their homes to be served in and and basically keep hospitals for the the people like my wife to Dr she's she's going in and seeing patients and putting yourself at risk because she doesn't want her patients to go blind and people are doing things all the time some people have to get out others don't and and that's what the the administration's doing everything they can for every segment of society and that but they haven't done this bill takes care of it I've never seen a more massive bill in my adult lifetime so if that I think will be on a good footing going forward will get through this thing in the next couple months hopefully and we'll move forward will get some vaccines growth for the future and will be ready and then we'll start our economy will harm good to talk with you I really do believe we need a a truce for attack to target the virus that I hope the senators who I know.
"ftc" Discussed on AM 970 The Answer
"Department will be there comforting me with welfare payments and the FTC and you know you're you're that you're ready to go professional left my sense I just tell you that you should make the leap will be afraid the book is titled America's expiration date now you go back in here and you show us and this is dramatic to me that you can show it's very clear that these previous empires and super powers have all followed the same pattern when you get more than two or three you think wow this seems like an axiom a law theorem there's no doubt that if you follow this path this will be the result what we have this in every other area of life of whether it's how automobiles operate or a read the instructions on whatever it is that you're buying if you don't follow the instructions then the product you're buying is not going to work but only in this area do we ignore history and think that it's going to turn out differently I mean Rome is classic curry of rise and fall of the Roman Empire to class or work I don't pretend to to do better than Mr given that but one of the things I found was that Rome had this this equivalent of Las Vegas that you think are the biggest to sin city ought to read up on what one of these places that a lot of the lead your swim for licentious behavior a random sex these bath houses and everything and you know it's a cliche Nero fiddled while Rome burned not so far out of reality but that's what it is and when you lose a sense about god I mean Lincoln warned against this Abraham Lincoln said if the United States has ever to expire it's not going to be from an invading army we're going to destroy ourselves from within now he just following what scripture says right well that's exactly I learned this originally from our mutual friend oz Guinness he wrote a book called the free people suicide and it was so clear in there that it made me want to write my book if you can keep it in your book is in that line that that we're saying things that are not avoidable in other words the you can look away but there is no way around it there is no other way to get prosperity and flourishing and to to continue freedom there is no way and and I would say don't do it for America or for yourself do it for somebody in the country today that has no freedom they're looking to America to spread this idea we've been spreading it for nearly two and a half centuries we've had the the largesse of the the wealth to be able to spread it to end and if we lose that as you say from from suicide what happens to the rest of the world America I think we need to get our defense we being those who are followers of Jesus and a conservative in our politics we've been too busy trying to defend ourselves against the accusations of the left there were races that we don't care about the poor that were intolerant all these other things I think we need to turn this around and say okay when you've been in charge of government you spent this you've done this you've you've a affirm that how come things are better we spent a record amount per capita for example on public education in this country I think by Betsy to boss the secretary of education told me the other day and interview over a trillion dollars and yet the achievement gap in math and science especially in the United States when compared to many other countries like China right especially is still very wide well how much more we gonna spend we should ask them before my close the gap I have money and achievement were related right we've had national merit scholars coming out of our ears we're going to a break we'll be right back for a final segment.
"ftc" Discussed on Geek News Central
"For for ten years? Ever have a password chew has set up to auto fill and it's the wrong one interest driving you crazy while you know that you when you're logging into website. There is a way to reveal that password when it's not being shown to you. There's some little tricks to work around that. oftentimes it's a right trick. A right click or control. Click on the password. Box inspect back the element and that will often open it. Up C- concede so if you run into that problem. I know that I do from time to time stuff gets out of SYNC. He can definitely checkout with pastors trying to be using corrected. Lift is sued or lift with suited in Los Angeles over alleged sexual assault by a driver. It's the latest have dozens of lawsuits brought against a right hailing company over alleged Groping Kidnapping and Rape Twenty women join together in a sexual assault lawsuit against Lift Act and all the women in these legal actions alleged. They were sexually assaulted by lift drivers in situations range from groping to kidnapping to rape at least fifty six lawsuits involving these sorts of allegations have now been filed against the ride hailing company since August and again. This was in the Los Angeles Superior Court and again was brought on behalf of a twenty three year old woman. She can't drive in walk and has a severe limp because of several brain surgeries and she was taken advantage of. So Oh she's part of a bigger suit with other women so this is This is concerning it really really is so ladies if you're if you're taking lifted Uber You know keep that me send pepper. Spray handy or make sure your request as to woman driver which he can do on most of these APPs Waymo has launched an APP as it reflects his first years of its robot taxi service. It's done one hundred thousand trips since two thousand seventeen. Of course it's working in Phoenix Arizona suburban Phoenix Arizona and Waymo Abbas been available download from the Google. Google play store since April of two thousand nineteen. But now there isn't I o s APP available again. These are a fully driverless rides. And a Eh you're going to be very hard To get white listed for the service so you may not be cruising along. They're very selective on which writers mm-hmm they're going to allow into the service but we'll see where this leads and again. It's still lot of testing going on google fiber..