35 Burst results for "Federal Trade Commission"
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
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.
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
Biden’s Executive Order Targets Big Business and Competition
"Executive order, he says, is aimed at increasing competition and pushing back against growing trends of consolidation and big business. NPR's Scott Detroit has more Biden's order is broad. It includes 72 different action items ranging from making hearing AIDS more accessible to increase in competition for Internet access services. The order also takes aim at the rise of non compete agreements, which can bar employees from taking jobs with similar companies. But it argues there being over used and exploited in an effort to keep wages down. Workers should be free to take a better job of someone officer. Your employer wants to keep you He or she should have to make it worth your while to stay. Biden is ordering the Federal Trade Commission to ban or limit the agreements. Scott Detroit NPR
FTC Holds Open Commission Meeting
"The federal trade commission held. Its first open meeting in over twenty years voting to rescind a twenty fifteen decision to limit. Its power over. Unfair methods of competition too explicit violations of existing antitrust law which would allow the ftc to file lawsuits against misconduct. That might not violate classical. Antitrust law the ftc also voted to let individual commissions launched staff investigations into specific industries and to simplify the rulemaking process for prohibiting unfair or deceptive acts or practices ftc. Charleena con plans to hold monthly public meetings. In the future
What Does Monopoly Mean in the Internet Age?
"Lawmakers have had it out for facebook for a while last year a house judiciary subcommittee report accused the tech giant of anticompetitive behaviour and in december. Facebook got suit on monday. Those lawsuits were dismissed. It's a big win. For the social media company it also signals a rocky path forward for legislators both sides of the aisle trying to rein in big tech here to break down. the latest development is recode serene ghaffari high serene. Hey adam so let's start with the lawsuits. What were they about yes. The lawsuits basically accused facebook of acting as a monopoly to crush. Its competition two different lawsuits. One was filed by the federal trade commission or the ftc which is the top government agency for enforcing antitrust laws. And then there was a parallel lawsuit also filed by forty eight attorneys general from different states and territories in the us and they both essentially said the same thing that facebook's allegedly monopolistic practices leave consumers with less choices for which social networking apps. They wanna use and advertisers have less choices for aware. They want actually advertise reach. People lawsuits also said that. Facebook engage in a quote systemic strategy to eliminate their competition and that this was something really tactical that facebook was actively doing crush its competitors. What exactly did that strategy look like so. The lawsuit said that when facebook bought instagram. Back in two thousand twelve and remember at that time. Instagram was a startup. it was considered an up and coming rival to facebook They said that that was an example of something that facebook shouldn't have been allowed to do because in regulators view this was essentially facebook trying to stifle competition by eating it up and buying it rather than letting market competitor truly compete and they also point to win. Facebook bought the messaging app called whatsapp in two thousand fourteen. Again this up and coming service. That was rivaling. facebook and facebook went ahead and bought it today. More people are on. What's app than they are on facebook's own messenger product but that doesn't matter for facebook because it's all part of the facebook ecosystem now
Amazon Asks F.T.C. Chair, Lina Khan, to Recuse Herself
"Amazon is asking the Federal Trade Commission chair to recuse herself from antitrust investigations into the e commerce giant Lina Khan has been an outspoken critic of Amazon, which is facing probes of its business practices and proposed acquisition of movie studio
Amazon Wants FTC Chair Lina Khan Recused From All Its Cases
"Friday 25 page petition with the Federal Trade Commission today, arguing that newly installed FTC chair Lina Khan Ought to recuse herself from any antitrust conversations involving Amazon. Khan has made no secret over the years at Yale Law School, a prior stint as an FTC staffer and most recently teaching antitrust law at Columbia of her worries about big tech. Amazon claims in the petition. The cons record were she to take part in Amazonian decisions would violate federal ethics rules and the companies due process rights. The FTC had no comment on the petition. I, however, I'm going to take the under on a recusal.
Judge Dismisses Government Antitrust Lawsuits Against Facebook
"A federal judge has dismissed the anti trust lawsuits brought against Facebook by some government entities the Federal Trade Commission and a coalition of state attorneys general had sued Facebook last winter claiming it's a monopoly dominating the market the FTC alleged Facebook engaged in a systematic strategy to eliminate its competition and there were calls for Facebook to have to break up some of its platforms but a federal judge has ruled the lawsuits were legally insufficient and didn't provide enough evidence to prove the allegations the consumer advocacy group public citizen says the courts have grappled with these types of complaints in cases where consumers are in charge directly for services Facebook says it competes barely every day to earn people's time and attention Jackie Quinn Washington
Rep. Jim Jordan on the Implications of Big Tech Breakup Bills
"Break up hills, which aren't those at all Like you said. They're just using that to get us on board. My fear is they're going to take that from the private sector and now enshrined that with government regulators who are going to use these big tech break up bills to then use the power of government to make sure private companies out there. Doing things against the shareholder interest. And think about how many pension funds are invested in these companies that are now going to be pressured to basically lose money and screw your pension over under the guise of big tech breakup. Yeah, we've already seen this. This play in action with what we just referred to when you had a major big tech company, the CEO of the head of that company. Communicating via email with the guy who runs a big agency who is the highest paid official in the government with Dr Fauci and Mark Zuckerberg colluding to keep information from the American people last year information that frankly, looks like it turns out to be it was the truth, and they kept the truth from us. So now we're going to say Lina Khan, who just got appointed to to chair the FTC, You know where she just got to point this week. So that's my Federal Trade Commission where all this power is going to go. Guess who she worked for. Before she went there. She worked for Jerry Nadler. David Cicilline E on the House student Democrats on the House Judiciary Committee. Do you think she really wants to make sure that that these big tech platforms don't censor Dan Bongino? So that's what this is all all about. I mean, and you're exactly right. The one of the other empty stairs chairs is, um, Democrat is Becca Slaughter, and she has said, we should use anti trust laws to stop systemic racism. What? So you're that's where they want to go with this, And that's what I fear. Let's do this. Let's let's let's change checks in 2 30 so that you take away their liability protection and let's break them up. Let's break him up. Yeah, but you've got to make sure they don't get this liability protection. So not not make not make this union between big government and big tech so they can further harm us. Yeah, a couple of additional points in
Big Tech Critic Lina Khan to Lead the Federal Trade Commission
"Start with lena. Cohen who is appointed confirmed the federal trade commission. That's a big deal. It's a really big deal. So this week. She finally received a floor vote. It was a bipartisan vote. Republicans and democrats not going to say all republicans but enough to get a confirmed voted for her and that was early in the morning about eleven thirtyish and then a couple hours later i was watching this hearing on smart home. Check in competition and amy klobuchar friend of the pod. She leaked g basically scooped. Everyone that lena was going to be the chairwoman. Fdic and lead the agency a mad scramble to be like what you say right. It was like chima speak and all of a sudden reuters is reporting. This is confirmed and everyone was like. Oh dang okay cool so. She took her oath of office. On tuesday believe and she is currently leading the. That's amazing. so lena somebody also a friend of the bug. She's been on the verge before probably listeners. Quickly she was a law student. Columbia have really influential lottery. Paper about amazon called amazon's trust paradox. remarkable for a law students. Love your article three. That influential chee ended up advising agencies advising the fcc than she was on david sicily's antitrust subcommittee wrote a lot of the investigation than was nominated for that. And now she's the chair at the otc like she's in charge of overseeing mergers acquisitions of making sure the markets are competitive just a real rocket ship of her career from law school to leading the and she's not been shy about how she perceives the power of these big
A Big Week for Global Tech Policy
"New chair of the federal trade commission a raft of bipartisan legislation aimed at big tech and an agreement to collaborate with the european union. It's been a pretty eventful week in terms of global tech policy here to break down what all happened and what the landscape looks like going forward is our policy reporter ryan tracy. Hey ryan thanks for coming back on the show things for me okay. So let's start with the f. T. c. biden named the prominent big tech critic. Lena con as fdic chair you know. We talked about this earlier in the week. With our colleague brent kendall but remind us of the significant of khan's appointment. She's been very clear that she has concerns about the behavior of big companies in a lot of sectors tech. It's been a particular focus for her confirmation hearing she basically said everything's on the table in terms of big tech. Senators asked her a number of questions about areas where the ftc could become more aggressive in terms of looking at the marketplace for news or looking at the marketplace for a smartphone apps all these different areas where we've heard some concerns about the impact of big tech and her answer was almost invariably. Yes to those questions now. There are limits to the ftc's power but mistaken has an expansive view of what that power is and so we expect her to push those limits and so does this signal sort of shift from the obama years to the biden administration potentially signals a much more aggressive approach to antitrust policy. And that's obviously a big deal for the largest tech companies. Who are under. A lot of antitrust scrutiny. Right now and it's kind of amazing when you step back you know. They had a lot of power under the obama administration and a lot of influence and had the biden administration asked for who they would have picked to lead the federal trade commission. Liikanen think it's fair to say would not have been near the top of their list. Just given that a lot of things critical of tech companies in the past so the fact that the biden administration chose her clearly shows their influence is more limited than it used to be.
Lina Khan, Critic of Big Tech, to Lead Federal Trade Commission
"Yesterday the senate confirmed lena con to a seat on the federal trade commission. The thirty two year old columbia university professor has been a vocal critic of big tech companies and. She's advocated for sweeping changes to antitrust enforcement with her confirmation secured. President biden is designating her as ftc. Chair the post will allow her to pursue an aggressive antitrust and consumer protection agenda so for more on khan and how she could shape the ftc. Enjoy our legal affairs. Reporter brent kendall. Hey thanks for being here. Thanks for having me okay. So tell us about khan's background here. Where does she come from so she has been on the fast lane star track of the progressive movement in terms of antitrust which she was a reporter wrote pieces for different publications went to law school and wrote this law review article about amazon. The thesis which was that antitrust law just doesn't really work to restrain companies like amazon. And how they've built their business and so she kind of skyrocketed from there she's been a legal adviser for progressive group. That is advocated for a wholesale change in antitrust enforcement. She went and worked on the hill for this house antitrust subcommittee that did this big investigation of tech firms and was a big piece of that and this report the democratic staffer at the end of this investigation making all sorts of recommendations that that congress rain tech company and so this all comes at a time. You know we're sees risen up these ranks and then got this nomination for the ftc from president biden. Which will now put her in theory at least in a position to try to put some of her views into
Lina Khan, Prominent Big Tech Critic, Will Lead The FTC
"President Biden his name big tech critic Lina Khan, as chairwoman of the Federal Trade Commission. As NPR's Bobby Allyn tells us, Khan becomes the agency's top enforcer after getting bipartisan support for her nomination from
Lina Khan, Prominent Big Tech Critic, Will Lead the FTC
"Federal Trade Commission. As NPR's Bobby Allyn tells us, Khan becomes the agency's top enforcer after getting bipartisan support for her nomination from Congress. Lina Khan is a 32 year old Columbia law school professor who rose to prominence after writing on how decades old antitrust laws are capable of policing tech companies like Amazon. Her approached, adored by progressives, and some on the right has been dubbed hipster antitrust since it Bucks tradition. Most legal cases focus on whether a company's practices are raising prices for consumers but can argue that it doesn't matter if companies like Amazon are in fact making prices cheaper, She says the company uses press The Tory tactics to lock in its dominance and limit choice. Con is expected to be a guiding force on the FTC as it reviews acquisitions by companies like Google, Facebook and Amazon. That's Bobby Allyn reporting. This is NPR.
NYC's 1,000-Lawyer Law Department Targeted by Cyberattack
"Cyberattack disrupts new york city law department the new york police department and fbi cyber task force are investigating intrusion into the new york city lot apartments it systems which could potentially have exposed sensitive information belonging to more than a thousand department employees on monday. The city government confirmed the incident and restricted admission into affected systems preventing government lawyers from accessing documents. Though the excess restrictions have disrupted court filings a law department spokesperson indicated that the agency was taking steps to minimize the impact cases. The incident comes just days after the metropolitan transportation authority confirmed intrusion by hackers into its databases amazon successfully presses to omit consumer protections from senate china bill on tuesday. The senate passed legislation aimed at countering china's growing economic power however after aggressive lobbying led by amazon. It excluded a measure designed to protect online shoppers from counterfeit and dangerous products. The measure known as the informed consumers act would have required online marketplaces to bolster identification procedures for third party. Merchants who sell on their sites in order to better weed out it stolen in unsafe products from rogue sellers. The bill would have been forced by the federal trade commission and violations would have been subject to civil penalties intel fixes. High severity vulnerabilities with june. Twenty twenty one platform update until his issued fixes addressing. Seventy security vulnerabilities as part of the june twenty. Twenty one patch. Tuesday according to intel's director of communications jerry. Bryant half of the vulnerabilities were discovered through. Intel's internal research security. Updates of note include five high. Severity vulnerabilities impacting. The intel virtualization technology directed o products. The bios firmware for some intel processors and the intel security library until detailed the security flaws insecurity advisories published on wednesday on its product security center
Amy Klobuchar on 'Antitrust'
"Joining us. Now senator amy klobuchar from washington. She is the senior. Senator from minnesota and her new book is called antitrust taking on monopoly. Power from the gilded age to the digital age senator. Thanks for being here. Well thank you. It's just wonderful to be on. You have been doing a few things during the past few years been busy. Why at a book. And i might add. This is not a quickie book. This is not an election book. This is a very heavily reported historical book more than two hundred pages of notes. Why well because. I care that much about this. I started to think about doing this a few years ago and it really for me started with a call. I got way back in two thousand and eight when i got a call from a pharmacist. Actually at minneapolis children's hospital and he said that the cost of this life saving heart drug for heart defects had gone up astronomically from like eight hundred dollars a treatment to sixteen hundred dollars treatment and he didn't know why and so. This is a very typical. You get these constituent calls so our staff followed up ahead of minneapolis children's and lo and behold. It turned out that one company had bought that drug but then they had also cornered the market by buying the competitor drugs. And so what happened. Was that the ftc got involved after. I brought it up. It's like your classic new senator. And i bring it up. I have the little vial at a hearing. And i say why is this happening to the ftc and they start federal trade commission based start looking into it and ended up bringing a major suit and that was really exciting. Then which is typical of a lot of these cases. The courts threw it out. Basically and said oh it's the other similar and then it took years for a generic and another competitor to develop
"federal trade commission" Discussed on IP Fridays - your intellectual property podcast about trademarks, patents, designs and much more
"So consumer suck. Oh my gosh. I finally have access to the to the cleaning supplies is able to get They placed orders and the companies that set up the websites Took the money and ran and this of course harms certainly the consumers who lost money. But in this case we also think who else was harmed was clorox and lysol So you know as a general rule. And here's the news that ip practitioners might not want to hear you know. As a general rule. The ftc's job is not to enforce the ip right of companies. Many many of which have more lawyers than the federal trade commission has But our job is to protect consumers.
"federal trade commission" Discussed on Bloomberg Radio New York
"Is Bloomberg Law with Joon Grasso from Bloomberg Radio. The FTC and attorneys general from 46 States in D C file separate lawsuits last week accusing Facebook of violating the antitrust laws. And the remedy they seek is no less than the break up of the social media company by unwinding Instagram and WhatsApp. Joining me is antitrust law expert Harry First the professor and why you lost school? Harry tell us the basics of the government suits. There are two cases files, and they're pretty much the same. Although not completely the same one by the Federal Trade Commission and the other by a group of Eight and the basics are two part. It looks at how Facebook has maintained its monopoly position and quote personal social network. Market. I first of all, acquiring aggressive startup competitors that might challenge it in one way or another and second by conduct, which says Will allow you developers to work with us on our platform and inter operate with us. So long as you don't challenge our what they called core functionality. You don't get too close to being a real competitors. Brothers and in addition to what we offer Those of the two basic aspect on the first with regard to acquisitions, as I think is well known. The focus has been on two major acquisitions for which Facebook paid a lot of money. Instagram. And what's that? The state complaint adds a bunch of other acquisitions to the left. Facebook has acquired a lot of companies over time, I guess. It's a basic focuses in on those two Andre for somewhat different reasons. Zuckerberg, particularly, but others is safe book were concerns. That they pulled direct competitive challenge to the dominance that they book has already achieved. And it was easier to buy. Some then compete with him those of the basic aspects of both someplace. Does the government have to prove that Facebook bought the company's bought what's happened? Instagram to kill competition? That is their theory. Yes, so the theory relies a lot on internal documents. At this point, at least the complaints as presented. A lot of emails presumably also be Interviews, depositions and some point, perhaps the trial A so what the purpose was of these acquisitions and also, presumably, they'll have some outside experts. Which verifies that this wasn't paranoia by their legitimate concerns that these upstarts might challenge what they're doing. They are making out a case that these weren't But, um, sort of neutral acquisitions. The advance their business, but we're really done that suppressed. Competitors that could be passing. The state's complaint. Also quotes from former Instagram CEO Kevin Systrom, asking an Instagram investor if Zuckerberg was likely to go into destroy mode if he was turned down. System, said, quote. Bottom line. I don't think we'll ever escape the wrath of Mark is the government trying to paint a picture of Zuckerberg here and why. I think there's a degree of personalization. You know Zuckerberg's personality as As there was in the Microsoft litigation in the 19 nineties, when it was still gate who was in control and you know and what he was trying to do. So this idea that Zuckerberg had developed a reputation as you know, they complaints of buyer very strategy. Either. You know, you sell out the US or we're going to make your competitive life miserable. And yes, there's some. There's some focused on him, which is legitimate and see is the head of the company. There are other emails from other people, of course, and presumably, there will be others. But Yeah, it's to try to show you know this wasn't done to advance competition, but the suppressant Correct me if I'm wrong, But there were also emails of Bill Gates in the Microsoft trial, weren't there Don't they learn that they can't put anything in e mails? You know, the most wonderful thing about any trust litigation is how familiar writing things that damage your case proceeded the development. Of email. And you know, it used to be just started to find these documents because you had to physically third through files, but I mean seriously, literally from the beginning of the antitrust laws. Statements that business executives have made in one way or another have been used to hang them. On the show incense and you know, the courts often say that intense isn't relevant. We look at objective fact but intense does help you understand what the fact means and always played a role. And John D. Rockefeller and putting together Standard oil used the same sort of factors. You know, he would say, Look, if you don't sell out to may, I'm just going to cut prices on you completely and push you out of business. So you really don't have a choice? And Zuckerberg didn't basically the same thing, And I'm revenged his. I mean, it was in the Wall Street Journal. And there's some paragraphs that are res acted as the name of companies in the Federal Trade Commission complains that basically that strategy Do you sell out the author? We're just gonna copy all your features, and you won't be able to survive. So, yeah, they keep writing these things. Thank God and his truck for finding them coming up next, we'll Facebook be broken up. This is Bloomberg. You've probably heard them. What can.
"federal trade commission" Discussed on Newsradio 970 WFLA
"The researchers showed that 70% of the captures that were widely used at that time. A I just off the shelf. Tools, not anything sophisticated. They did just off the shelf tools could easily solve those. So the boxer Wade has picking out traffic lights think you still have to do that because it does discourage some of the left least sophisticated box and that's probably the most of the traffic. So you are cutting down on a lot about traffic by going to those extra steps, But for the ones that really want to get through there, just this sophisticated is that it's an arms race, so the bought detection protection Software keeps getting better and uses these machine learning tools to look and see that the activity on the site looks like the way the mouse is moving. The way you're clicking through. Looks like what a human would do. And then the box learned to mimic human behavior, and it just keeps going. It's an arms race with no end inside. What about legislation to stop some of this? What about something geared specifically to this? I guess there were Some members of Congress that introduced a bill I have stopping Grinch Boxer Hecht that would try to help some of this as any of that got any traction. Stopping Grinch Box has been introduced. I think three years in a row, most recently in 2019 and Democratic representative from New York Paul Taco is behind that, and that has not been passed. Yet. He was also behind the 2016 bill that didn't get passed on stopping ticket scalping. So there is a precedent for that. That one was passed in 2016. I can't tell you that it had a huge effect on ticket scalping. I think it's had some effect. I know that the Federal Trade Commission is charged with enforcing that, and they have not yet taken any enforcement actions for that Ticket Scalping act, so that's in four years has been a couple of state attorneys general. In New York and Washington that I know have reached settlements with ticket brokers. So you know it's maybe done. Little. The hope is that if this stopping Grinch box Act actually gets past and maybe in the coming year that that would maybe take down some of the big operators, because a lot of these operators are in the open, the resale market is in the open. You can buy the products that say the sneakers or whatever, but you can also buy the box. I mean, I can go and buy software if I want to, like Shop for sneakers myself, and I want to use the box to do that. I could do that. Or if I want to set up a resale business myself. I can do that This operates very much in the open. So there is the thought that if there was a law passed That that kind of practice would be discouraged at the very least, if not some of the illegal activity that goes on Theresa, Car science, journalist and columnist at undock dot ord. Thank you very much for joining us. Thank you. This was fun. That's.
"federal trade commission" Discussed on Power 105.1 FM
"About some scams that you should be on the lookout for including ones time to the cove in 19 pandemic. Jennifer Thank you so much for taking a few minutes to talk to us and go over all of this with us. And let's start with an overview of what the FTC is and does Sure So the Federal Trade Commission is actually the protection agency and my part of it, which is the bureau protection. We worked to protect people from scammed and a lot of that business practices. We investigated. We grant cases and then we also do outreach and education to people and businesses so that people write that there's this is their responsibility. And I'm assuming you rely on consumers and the public to let you know when something might not be on the up it up, right? Absolutely. We have a whole database of reports from people. If that report fraud that actually see that gun we really rely on people telling us what they're what they spot. Whether or not they go with the scan of this this can't we really need to hear from them because we know a couple of things. One is that people who talk about skins are much less likely to fall for them. And we also know that reporting is a really good way to help protect your community. So explain the process. Let's say somebody does business with the company and they believed they were ripped off scams. They go to the website and they alert you to the issue. Where does it go from there? Right. Our investigators have access to all those reports the bacon check and they're looking for patterns they're looking for. You know, a lot of repeat, you know, repeat kinds of complaints. But other law enforcement agencies can also get access to it. So there are lots of its state attorney general on down even local police departments who could get access to the reports better in that system. That they can also help, you know, investigate those scans to what are we talking about? In terms of the size and scale you deal with? Are these major, well coordinated scams Or could it just be the local mom and pop auto shop? It's ripping people off. Were mainly interested in things that cross state lines. But you know, people can report anything because you know if there's every chance that your local police forces able to get in there and see what's going on, they consulted old zip code on bacon. See what's going on in their backyards. I'm joined by Jennifer Leech, head of the division of consumer and Business education in the Federal Trade Commission's Bureau of Consumer Protection. What are we talking about? In terms of volume? The amount of complaints and an investigation is that you have to do each year. Best. We get millions of complaints every year into report for that, if you see that game, but you know, we bring as many cases as we can was. You can imagine. It takes a lot of work to build investigation. Build that into a case. We can then bring. Um so I I don't have the numbers for how many cases we bring on that I give it here, but You know, it really does it You said earlier rely on people telling us what's happening without that. We just don't want what are some of the most common scams that you've come across, and we're going to get to the pandemic in just a few minutes and talk a little bit about how the corona virus has impacted all of this, but pre pandemic. What are some of the most frequent scams that you would have to deal with? Imposter skin. Um, number one with a bullet. Frankly, it is. There are lots of people out there pretending to be the government pretending to be tech support pretending to be somebody you love. Even pretending, you know, so that could be that someone you love could be. You know you're maybe online principles or could be your grandkids. And so those scammers are just everywhere And I would bet you anything Everybody listening has gotten some calls in a fake somebody or fake email from somebody they thought was maybe their bank. Or, you know a tech support companies saying that there's a problem with your 15. Or grandkids, saying I'm stopped almost a Cohen please wire money. But don't tell Bob. How did people differentiate between Let's say a call that could be a scam and something that's totally legitimate. So I think the biggest kid to people is that if somebody thinks that review and you're asking for money, so already your red flags the mornings like should be up. All right. If they're asking for money and asking you to pay with a gift card, or by wiring money, or buy Bitcoin or sending cash that a scam every single time. There is not a government agency in the world that's going to ask you to pay. By putting money on the gift card and giving them the pin numbers from the back. You know, connecting wire money? They're not going to tell you to buy Bitcoins to do it. Same thing with your utility company or your bank. They're simply not going to do it. So somebody who does that Scanning you. I'm joined by Jennifer Leech, head of the division of consumer and business education in the Federal Trade Commission's Bureau of Consumer Protection. Now let's touch on the pandemic. It's just It's so unfortunate that during a crisis like this, you have people trying to take advantage of others. But that's the reality of the situation. What are some of the pandemic related scams that you've come across? Oh my gosh. The scammers always follow the headlines every single time. There's something in there going to be scans related to it. In this case, we saw a lot of fake cures and treatments. You may have we love about those in the people or heard him on the radio? Anything from supplements? I V treatments, two bracelets that people said could you know, tour or treat coronavirus? But the baby headed funny was that none of those people had any scientific evidence that they actually work to treat or Charlie flammable. So we've been sending morning letters to a lot of these cellars and bunkers strong and get cut it out. Andre there if they're making unsupported claims about their products with therapies. They have to stop doing that until they have proof of that. So that's one of the things we saw. We also saw a lot of complaints about working nights, so people were trying to remember early in the days of the pandemic. People were trying to order masks and toilet paper and things online. Of course, gamers are out there saying, you know here by then, And then nothing ever arrived. So people are paying top dollar for things that they did not actually getting. So we saw a lot of both. Hmm. I'm shopping related scams as well. For those who do this kind of stuff or thinking about trying to make a quick buck this way. What are the penalties for these kinds of scams? You know, we are civil law enforcement agencies, so we don't get to put people in jail. Little friends at the Department of Justice do so we work with them a lot, so we often will You know, have little penalty using so people will have to pay money. We will have to return money to people who they stand in People's homes, said it all and holding the camera. Ending the money. They scan some people, and we always work with law enforcement and try to get the biggest penalties we possibly can or the bad guy. Finally, one more time. Can you run through how people can report scams or find out more about them? Reports can I would ask people to go to report fraud that ftp dot Go on. It's a brand new site. Actually, we are making it really easy for people to tell their story, and we really want to hear their stories. But if you would like to stay a step ahead of the scandals, as we all would like to know what the FTC not gonna flash continue on because we send out a raging blogged posts to just tell people the latest and what were spotted. You will be It's up to date as we are, If you find out at activity that goes flash, consider alert for our dog. Jennifer Leech, head of the division of consumer and business education in the Federal Trade Commission's Bureau of Consumer Protection, Jennifer, Thank you so much for the time. We really appreciate it. Thank you so much for having me all right? And as we wrap things up, I went off for a big thanks to all of our guests. And of course, the all of you for listening to I heart radio communities. If you want to hear previous episodes of this show, we're on your I heart radio app. Just search for I heart radio communities and you can find me on social media at Ryan E. Gorman. We'll be back. Same time. Same place next weekend. They say this could be you. I.
"federal trade commission" Discussed on Newsradio 600 KOGO
"Intended to diagnose treat cure or prevent any disease. Tracy Lawrence for the U. S Air Force Way all have tough choices. We have to make life just works. They're way way. I remember when I was getting ready to move to Nashville to pursue my dream back my 10 year old Toyota Corolla with 250,000 miles on it and hit the road. It was a tough choice, but the right one for me. If I decided to take what seems like an easier road, I never would have achieved my dream. You can do anything. If you put your mind to thiss message is brought to you by the U. S. Air Force. Spotify is launching a feature allowing users to stream music directly from their Apple Watch. In a Spotify support document, the company said the new streaming feature is now rolling out to Spotify premium users. Who have an Apple watch Siri's three or later the feature requires access to a cell leader or WiFi connection. The nation's health care system is running out of in 95 masks again, according to the Wall Street Journal. The sudden rise in hospitalizations Is greatly increased the need for masks by doctors and nurses, and once again, the nation appears to have been caught flat footed Many rent evictions have been pause during the covert 19 pandemic. But the Federal Trade Commission cautions that there are several conditions. The FTC says the order only protects renders who meet certain criteria and they can still be subject. Too late fees. Highmore Kaufman Learn more at consumer affairs dot com. Put your helmet on. Okay, you work hard to protect your family. But some risks are easy to miss Mosquito bites. Khun spread germs that cause West Nile virus or Zika virus. Cockroaches leave behind bacteria, as well as allergens that Khun trigger asthma attacks, stinging insects and more than half a million people to the emergency room. Every year. Common pests can threaten our health. Learn how to protect your family at.
"federal trade commission" Discussed on KTAR 92.3FM
"The Federal Trade Commission has already received more than eighteen thousand complaints of fraud related to the twelve hundred dollar economic impact payments here's what you need to know neither the IRS nor any other government agency river call email text or special use social media to contact you about anything especially a corona virus payments if you receive any communication this way no it's just fraud to find the status of your money just go to IRS dot gov and then hit the get my payment webpage I'm Kim commando C. A. R. timeline to Steve since Meister and is brought to you by the husband wife law team of prior law protecting the rights of the seriously injured in Arizona since nineteen ninety six it's April twenty eight and on this day in nineteen sixty seven Muhammad Ali refused to be inducted into the U. S. army we were at war with Vietnam in all Lee used his religion as a reason why he didn't want to serve in the military anyone is free for the Volvo V. then Robbie miles from nationality we were shooting from what led him to pull people to take me to jail the boxing champion had his heavy weight title stripped and he was convicted of draft evasion he was sentenced to five years in prison and was banned from boxing for three years he managed to stay out of prison while his case was under appeal and it was eventually overturned by the Supreme Court a few years later Ali fought George foreman yeah the guy with the tiny grills for a chance to regain his heavyweight championship belt and he won the fight with an eighth round knockout he was the only fighter to be the heavy weight champ three different times and who knows what would have happened if the greatest boxer of all time it just gone off to war on this day in nineteen sixty seven time for another check on the roads with detour Dan in the valley Chevy dealers traffic center all lanes clear on the south about one a one price it wanted just a little spot of brake lights between Guadalupe and worn out because it did cause a little bit of a back up after blocking all lanes were just a few minutes north outside the old one oh one Pima freeway still active with the crash but it's in the exit ramp this is got three lanes blocking the off ramp stay away right in order to get by this if you're exiting at princess we've also got a crash at forty Third Avenue and cactus any closure of V'landys to westbound Frank Lloyd Wright Boulevard you want to go with Shea Boulevard that police activity there a structure fire has Buckeye closed east and westbound east of Avondale Boulevard try maybe lower back Iran you are for that the traffic report brought to you by Fulton holds two seconds doesn't seem that long but when it comes to water safety it is keep your kids safe this summer for a chance to win swim lessons from the YMCA protects windows six twenty six twenty featured in.
"federal trade commission" Discussed on KCRW
"Battle fires that have burned hundreds of homes in the past few months hot dry weather is expected to come back later this week an eight year old boy in Texas may twenty six million dollars with his you tube channel this year the platforms highest earner and for yours and it will be reports Ryan cagey the star of the YouTube channel Brian's world got its start in front of the camera at age three with what are called unboxing video basically he and his family open toys and promote them to other kids what the one was academy Sendak's we got June a consumer advocacy group filed a complaint with the Federal Trade Commission this year alleging that Ryan's toys reviews were not properly disclosing paid product placement the rains swelled videos have more than twenty three million subscribers and the success has led to marketing deals with Nickelodeon target and Walmart according to Forbes magazine another top you two burner is a five year old girl who also plays with toys with her family not at liberty NPR news Japanese stock prices fell today with the Nikkei average down two tenths of a percent stocks in China were little changed the markets in Hong Kong India New Zealand and Singapore were closed for the Christmas holiday as well are you is markets today the US markets will reopen tomorrow yesterday the Dow fell a tenth of a percent I'm Nora Raum NPR news in Washington support for NPR comes from NPR stations other contributors include eight twenty four presenting on.
"federal trade commission" Discussed on WBZ NewsRadio 1030
"Moon of the Federal Trade Commission says to make sure your donations are reaching the right people research before you donate determine how much actually goes to the charity websites like charity watcher charity navigator are useful you also want to be where of scams the FTC says even organization pressures you to donate right away or wants you to pay by a gift card it's likely a scam if you get a robo call from a charity you've never heard of it's likely illegal telemarketing sales rule makes it illegal to send a robocall out asking for terrible donation unless the person that's receiving and has already donated to the organizations two people received life threatening injuries in Abington on Saturday morning after their car crashed into a pole it happened around nine on Quincy street the identity of the driver and passenger have not been released and police are investigating the cause also a woman was taken to the hospital early Saturday after her car crashed into the side of the house in Boston it happened at the intersection of Norfolk and Babson street is a big hole in the house residents were evacuated police haven't released the name of the woman her condition or what might have caused the crash still to be the Hornets one nineteen ninety three other now off until Wednesday nights winning mass lottery numbers are eighty nine forty eight and now we go to the Morgan shout with Morgan right junior I'm not it's not yours on WBZ Austin's newsradio when we told our accountants we were giving five percent off and Bernie and fills they were slightly confused you're kidding when we said we were getting ten percent off they were concerned where and when we decided to give up the fifteen percent off with zero percent finance well let's just say they lost their Bernie and fills angry account itself get up to fifteen percent off before how to stop it credit approval for minimum purchase of five welcome back to the dog show up next we have Satchmo such moves a member of the shelter pet group that's right a group known especially for the coach smuggling ball chasing face looking and of course companionship the house action contact with this person actually lose the trickster intuitive and now he appears to.
"federal trade commission" Discussed on KQED Radio
"The Federal Trade Commission blocked a draftkings FanDuel merger on the grounds of the new company would quote control more than ninety percent of the U. S. market for paid daily fantasy sports contest so the company stayed separate FanDuel wound up being acquired by paddy power Betfair gaming company based in England and Ireland where unlike the US outbreaks sports gambling has been legal for decades draftkings remained an independent operator still the big question remained in the US where draftkings is based. fantasy sports betting legal. as face Robbins explained the answer would hinge on whether it was considered an act of skill or chance so the people who wrote is called looking the loch quantifying chance in fantasy sports and other contests that's Paco whose soy I'm a professor of mechanical engineering at MIT so is also co director of the MIT sports lab so we bring students and faculty together with pro teams and industry partners to look at sort of the abundance of data that's coming out of sports today. fifteen so we got a call from FanDuel. if they gave us their entire dataset could we tell them whether or not these contests were a contest of skill or contest of chance now when you hear about the company asking academic researchers to analyze their data when the outcome of that analysis may have huge business or legal implications for that company you may be a bit skeptical so here's the first thing has so he says she told FanDuel when they asked her to answer the skill versus what question I told this is a terrific question more than happy to look into it I also told them that we were going to publish the results regardless of what the outcome was and they said that's fine so I said great send us the data armed with a couple years worth of FanDuel data the story and her colleagues set out to analyze the roles of skill versus lock so how do you do that you know you have to think about skill and luck is a spectrum and ask where do these activities fit on the spectrum nothing is purely luck or purely skill like when you drive to work it's mostly skill but you also got lucky that nobody ran into you she and her colleagues used to model the compared fantasy players win fractions during the first half of the series of competitions against the wind fractions over the second half if you're flipping coins on average a person would win half of their games in the first half and half their games in the second half if it's a game of let's say a grand master in chess playing against a novice they'll probably win all the games they applied the same thinking to the fantasy sports data so we split it into fantasy baseball fantasy hockey fantasy basketball in fantasy football and if you're trying to explain to let's say and Attorney General where fantasy sports why on the spectrum you have to give them something to compare it to right the number that we give them doesn't mean anything on its own so then we compared that to real baseball hockey basketball and football in just add further context. we also included bicycle racing coin flipping and the stock market we put all of those on the spectrum to see where fantasy sports cluster and what they find so imagine the spectrum where zero is pure luck and one is pure skill. flipping sat in zero which is good so check the algorithm get that right the next point on the luck end of the spectrum was the stock market so that sat in about a third of the way up now I'm gonna move to the skill end of the spectrum the one that is the top end of the skills spectrum is bicycle racing which again makes sense because if you're faster fast right sometimes you have bad luck in a in a bicycle race but for the most part however is going to put out the most powers gonna win so now we come to the interesting chunk of the spectrum which lies sort of it between you know point six one point nine so basketball reward skill the most hockey rewards skill the least because basketball has a large number of scoring opportunities in each game and a large number of games in the season so that means that one lucky shot in basketball doesn't matter very much where is one lucky shot in hockey can matter a lot and football and baseball or somewhere in the middle and what about the fantasy sports versions of those real sports the fantasy sports are closely tied to where the real sports that meaning yes some luck is involved but also a lot of skill which varies by support which is not super surprising because the further up on the spectrum you are the easier it is to predict the outcome and if it is easy to predict the outcome then it is easier to choose players in your fantasy lineup..
"federal trade commission" Discussed on KZSC 88.1 FM Santa Cruz
"Largest the Federal Trade Commission has ever levied on a tech company and governor Gavin Newsom signs legislation which creates a fund to provide clean drinking water an estimated million Californians many of them in the Central Valley cannot safely drink the water that comes out of their taps from pacifica radio KPFA Berkeley KPFK Los Angeles this is the evening news with Christine understood I'm Marc miracle former special counsel Robert Muller testified under oath for more than seven hours that back to back hearings of the house judiciary and intelligence committees the subject was Muller's report on Russian interference in the two thousand sixteen presidential election get your face Christopher Martinez reports former special counsel Robert Muller told the house judiciary and intelligence committees his twenty two month investigation was not a witch hunt or a hoax he spoke at a pair of hearing said Democrats wanted to use to tell more people about the mother report a sort of if you didn't read the report watch the movie seconds wanted to use the opportunity to discredit the investigation in the end neither side really got what it wanted that stuff lawmakers to make their own political points Republican Devin newness of California is the ranking Republican on the intelligence committee welcome everyone to the last gasp of the Russia collusion conspiracy this has been a fierce defender of president Donald Trump against various investigations Republican Tom McClintock of California is another strong trump defender and it's starting to look like they're having desperately tried and failed to make a legal case against the president you made a political case instead you put it in a paper sack lit it on fire drop it on our porch rang the doorbell and ran I don't think he will reviewed a report that is as thorough as fair as consistent as the report that we have in front of us trump has blasted the mother investigation as a hoax and a witch hunt after Miller submitted his four hundred forty eight page report trump called it a complete and total exoneration in part because Miller did not indict him for obstruction of justice democratic Judiciary Committee chair Jerry Nadler of New York asked Miller about that it did not include that he did not commit obstruction of justice is that correct that is correct and what about total exoneration did you actually totally exonerate the president well now in fact your ports expressly states that it does not exonerate the present it does in your investigation actually found quote multiple acts by the president that we're capable of exerting undue influence over law enforcement investigations including the Russian interference and obstruction investigations is that correct correct Miller had said before the hearing that he would not talk about anything beyond the report itself a blow to Republicans who had wanted to question him about the origins of the investigation Miller also chose not to read from his report frustrating Democrats who were hoping for catchy sound bites in fact Muller gave mostly yes or no answers and he declined to answer or deferred questions about two hundred times according to a tally by NBC news saying things like not my purview or it's in the report but of course there were times when Miller gave more substantial answers Republican can book of Colorado asked Miller about indicting trump and the answer he got was probably not what he was hoping for could you charge the president with a prime after he left office yes you believe that he committed you could charge the present nine states with obstruction of justice after he left office yes ethically under the ethical standards well I'm I'm glad I'm not certain said look with the ethical standards but the ownership in opinion says that the prosecutor why cannot bring a charge against a sitting president none the less again to continue the investigation to see if there are any other other person to have might be drawn into the conspiracy time of the gentleman has expired the seventy four year old mother is notoriously tight lipped steering clear of political statements but he did give a for him more pointed answer when Democrat Mike Quigley of Illinois asked about trump's statements praising wikileaks after it leaked stolen documents damaging to the Clinton campaign I'm not certain I would say do you react to it well problematic is is no understatement in terms of whether to play displays in terms of giving some I don't know hope for some boost to what he is and should be illegal activity it's not clear the herring did much to change anybody's mind about the Miller investigation or to build support for impeachment so trump and his supporters are calling it the end of the story the democratic intelligence committee chair Adam Schiff disagrees in a closing statement he noted there were questions Mahler could in that report from Christopher Martinez president trump had said he probably wouldn't want former special counsel Robert Muller is testimony before Congress today but of course he did trump fired off an onslaught of tweets before the back to back hearings even began at eight thirty AM eastern time all told he tweeted and re tweeted more than two dozen times on Muller's testimony about his investigation into the president of the trump campaigns ties to Russia as it ended trump tweeted truth as a force of nature then he strode out of the White House and took a victory lap in front of the reporters and cameras assembled on the south lawn it's over trump declared he blasted the phony cloud created by the investigation and said there was no defense to this ridiculous hoax this witch hunt.
"federal trade commission" Discussed on WNYC 93.9 FM
"Kelly the Federal Trade Commission announced today that Facebook will pay a five billion dollar fine for rampant privacy violations CEO mark Zuckerberg will have to answer directly to regulators as part of the settlement for some perspective though the company's quarterly earnings were also announced today and Facebook made sixteen point nine billion dollars well here to talk about the dealer centers are Fisher Heine higher thing hi ari so give me the highlights what is this deal that has now emerged between the FTC and Facebook yes it was filed today and it's kind of a follow up back in twenty eleven Facebook promised the FTC it would stop sharing user data with third parties outside apps and according to the FTC's head of enforcement the company broke its promise while the ink was still drying on that deal Facebook had turned users into the product what a person clicks likes to their friends are he's got packaged and monetized advertisers another app developers like Cambridge analytica would pay for access promise the government it would stop harvesting and sharing data so liberally but it did ends Facebook also trick users into handing over phone numbers in theory it was for security for password resets in reality the company use those numbers for advertising to add regulators say Facebook lied about facial recognition about sixty million Facebook users can expect to get a note telling them the company was tracking without proper permissions miles so that is the quite staggering context sixty million users gonna get a note what in the steel will come how Facebook to change its ways so now going forward Facebook needs to spell out exactly what data it's collecting and what's sharing the government has imposed limits from outside Facebook will decide for itself but it'll have to give quarterly reports to the FTC and its own board Zuckerberg has to sign them and if these but gets caught violating Zuckerberg would be subject to civil as well as criminal penalties I also note Facebook which is an NPR sponsor disclosed today that the FCC has begun a separate anti trust investigation stick to your point that you just made about mark Zuckerberg and that he will be personally accountable with Facebook does not follow the rules going forward that was kind of a big win from the point of view of the FTC yeah so the three Republicans at the FTC who approve the deal say yes they're getting way more money from Facebook than litigation whatever gotten and sending a strong message to other CEOs abuse user privacy and will make you pay but one FTC member Democrat or hits Chopra who dissented he thinks like a bird got off the yes so the CEO was supposed to make sure his company complied with the original settlement order okay he did it the FTC could have slammed him with a civil suit now regulators would not need to prove that soccer Berg lied just that he failed in his duty and there is that's a much lower burden with with plenty of evidence so chopper wanted to seize Achterberg deposed in court and forced to disclose what he knew now that opportunity is gone well what what is Facebook saying about all this at the C. E. O. put the issue to post today and I gotta say it's classic Luxembourg spin the embarrassing development into another example of Facebook's desire to do good and go above and beyond he wrote quote we already work hard to live up to this responsibility in protecting privacy but now we're going to set a completely new standard for our industry he said hundreds of engineers and more than a thousand people across the company would implement this privacy focus vision what he didn't mention is that the his legal team fought tooth and nail on every aspect of this deal that's according the FTC as one regulator regulator put it Facebook settled and didn't go to court because that would have been quite embarrassing company documents hadn't been revealed yeah now Facebook ads to break the bad news on the same day as the Mauler hearing NPR's RC sure honey thanks so much thank you okay in addition to the Facebook news and the Mauler news we are also following widespread reports today the Puerto Rico's governor is ready to resign this comes after days of street protests so massive that they shut down miles of a major highway in the capital of San Juan which is where we find and P. R.'s David welna hi David here okay supporter because governor Carter a CEO has said for days that he has no intention of stepping down why now is it considered a real possibility yeah well you people who've been very close to the governor and who've talked with him in the last twenty four hours say he's now begun as they put it considering all his options and some have advised him he has to make a decision soon and be ready for possible legal action against him this is a very different message from when we last heard from the governor on Monday when he put out a statement saying he had nothing more to say about the calls for him to resign and remind us what has made people in Puerto Rico so animated and that they would take to the streets day after day why they want him to step down so badly well these huge street protests got started after nearly nine hundred pages of online chats were leaked about a week and a half ago in them row say of the governor and eleven of his buddies both inside and outside the government refer to the female lawmakers as daughters of horrors they make anti gay remarks and they even make light of the cadavers the piled up after hurricane Maria and all that has infuriated a good part of the silent and make people really take to the streets to express their anger last night I talked with one demonstrator named Nadia Maury near the governor's mansion we're not right.
"federal trade commission" Discussed on KLBJ 590AM
"Federal Trade Commission has voted this week to levy a five billion dollar settlement with Facebook over a series of privacy issues that have been in the news so much with Facebook over these many months of five billion dollar settlement any just wonder if this is the tip of the iceberg yeah we were just talking to beginning of the show going to recap for you as we go along this afternoon the the big media summit the tech summit that they had at the White House yesterday where that did not include Facebook no although a apple Amazon Facebook and Google will be testifying before the house judiciary committee's subcommittee dealing with anti trust that's coming up next week July sixteenth so those big companies are coming to town the president just said yesterday and again this morning that he doesn't trust these social media companies to be able to self correct themselves and you just wonder if the settlement with the F. T. C. five billion dollars is is that just the tip of the iceberg of what some of these big tech companies have to look forward to in the days and weeks ahead there on Capitol Hill it's so complicated everything that's involved in it you know they'll be in a private company should government step in and do some kinda regulation down south self regulating themselves in the sense that they are trying to get rid of some content that they say is a white Twitter terrorist related for yeah Facebook has come out so the tears related stuff and you have a Twitter coming out and saying any hate speech against religious groups and so then you have to question will who's the one deciding that it it gets to be really convoluted and and confusing and it seems like it should be figured out as to how that goes about but I'm not for the government stepping in and doing the regulations on private companies well it was last year in congressional testimony that the president of Facebook mark Zuckerberg said government policing of Facebook is unavoidable he said quote I think it's inevitable there's will be a need to be some regulation well guess what Mr Zuckerberg gonna get a big dose of that here's senator Josh Holly from Missouri coming out of this tech summit yesterday at the White House he's he's getting some support for his push to kind of bring down the legal shield that has been protecting these big tech companies like Twitter Facebook etcetera these big platforms from any liability for content as posted on their sites and and that's again we're just talking the tip of the iceberg here we we talked yesterday Melinda and you just see the settlement today about privacy issues we know that some of these members of Congress have repeatedly talked about the you know the the privacy breaches that have happened not just with Facebook and other companies and the Congress is looking how to to tighten down on that kind of stuff so it's unclear what comes out of yesterday's summit other than you can anticipate with the president saying you don't trust these guys to police themselves you got members of Congress bi partisan support we're going after these privacy issues with some of these big companies now we talked yesterday do these matters a Congress really know what they're talking about with these big tech companies or get a lot of money in their campaign coffers from these big companies so who knows what's gonna shake out but it would appear specially with campaign season coming it's gonna be you only pay for the lights of Elizabeth Warren and others to get on their soapbox and say we're going to save the people from these big tech company but it seems to me with them doing that it is just another way to take personal responsibility from people out when you decide to go on this you know the risk of privacy concerns you're you're obviously not trying to be two private if you're going on a social media platform so that should be on you if you want your privacy don't entered that platform if you are putting in the content you should be responsible for whatever content you put on those platforms not these big companies so I don't like the government say well we're going to go in and tell you how to do this yeah we're going to talk more about this your phone calls and text messages are welcome here.
"federal trade commission" Discussed on The Tech Guy
"But the but important lesson learned by the news channels, people will watch if there's urgent news now unfortunately, in the world, there really isn't always urgent news, except if you look hard, I guess, there is it just might not be in, you know, your neck of the woods. And so the news channels figure it out. Everything has to you ever notice you watch one of those news channels. It's always breaking news. Canoes break every day. Yeah. I guess. Here's the technology news of the week. Washington Post had this Tony room according to his sources. We mentioned yesterday. The department of Justice has taken up the mantle F, T C. The Federal Trade Commission was investigating Google decided. Nah, there's nothing here. This had not to pursue the case way. Back at twenty thirteen. Apparently, according to the Washington Post the FTC in department of Justice have made a deal. The FTC says you do Google will do Amazon. They've split it up. So the DOJ's working on an antitrust investigation of Google. And I, I guess I don't know is the FTC going to do the same to Amazon. The FTC's plans for Amazon are not immediately clear. The Washington Post promise the FTC doesn't have the enforcement arm the department of Justice has, but the FTC did's establish earlier this year, a special task force. So you know what that means nothing a special task force, it said, would monitor tech and competition including investigating any potential competitive conduct in those markets taking forcement actions when warranted. Okay. So far Google has really only been spanked by the EU to the tune of what was it five billion dollars? Amazon hasn't been spanked at all. Have they? I don't know. And of course, the number of democratic candidates for president saying, we've got to break up these tech giants too big too powerful. What do you think? In our chat room scooter ex says he thinks alphabet will retain all twenty-six letters. I think you're I think you're right scooter ex. Alphabet, we'll retain all twenty six letters..
"federal trade commission" Discussed on Bloomberg Radio New York
"The FTC the win. Joining me is Harry first professor of antitrust law at NYU law school, judge Lucy Koh ruled against Qualcomm on virtually every point and said that its licensing practices have strangled competition in certain modem chip markets. Is that exactly what apple had accused it of well, apple accused it of exacting excessive royalty rate and forbidding it from using through its exclusively agreements from using other chips? Particularly chips by Intel the two cases are similar in sense that. The Federal Trade Commission had included Apple's exclusivity agreements in its case, but the two parties are really seeking different things, so apple was seeking lower royalty rates in the end. The Federal Trade Commission is really attacking Qualcomm business model, but it too is very worried about the high prices that comes been able to exact on its patent licensing as far as the judge's opinion was was her language very strong. I think very is a is a weak adjective. Yes, very strong. Although in some ways, not surprising. She had been ruling in preliminary rulings, particularly at a fairly recent stage in the proceedings that it looked pretty much like the Federal Trade Commission case was pretty strong. So I actually wasn't surprised at how she came out. But when you read through her opinion, it's really a litany of Qualcomm 's licensing practices, what their intent was and what the effect has been on innovation and pricing and cell phone technology and handsets, more, generally. So it is quite strong. It's based on trial hearing witnesses doing the things that trial court judges are supposed to do, which is to judge the evidence assess the credibility of, of the various witnesses on both sides and come to a decision. So it's, it's a pretty strong case. What about the remedies? What kind of remedies did? She order and will they disrupt Qualcomm, business model. Well, the remedies that she ordered were targeted pretty much to the allegations of the Federal Trade commissions complain. So primary part of the complaint was well, actually two things the policy of no chips. No license. If you wanted the chips, you had to license the technology, which the commission said kept prices up so she said, you can't do that their licensing for the technology can be subject to dispute and arbitration, and they also now in addition to licensing handset makers, they have to license, competing chip makers, and that's been a big source of major contention and a away that Qualcomm has been able to obtain higher. Royalty rates by not licensing chipmakers, which means that any handset. Maker, even if they buy chips, from someone else still has to take a license from Qualcomm and still has to pay royalties royalties or high. We'll haram Indies possibly lower costs for apple. Another smartphone makers. There are a lot of smartphone makers that commissioned and her opinion talking about six of them. So yes, it should lower costs for them. And it, it ought to in the end, lower prices for consumers, a lot of people by smartphones and they've been paying these rates that are higher than the rates really that Qualcomm in a sense it promised to charge, and when those rates go down. That's a major part of the cost of, of handset, so yes, should lead to lower prices for the makers and for consumers in the end. Now Qualcomm said it, quote strongly disagrees with the judge's conclusions her turpentine of the facts and our application of the law, and it will appeal wonder it's chances on appeal. Well, it's always hard to say exactly, it becomes difficult to appeal cases that have been tried where a judge has made strong factual findings. I would say that way. It's similar. To the case that was brought in the late nineties against Microsoft, where the judge made extensive, factual findings which very much supported the decision of the court of appeals to affirm what the judge did. So they have a bit of a hard slog to go against those findings the two hundred thirty page of pinions, and it's very hard to overturn factual findings you know, unless they're clearly arbitrary. So they'll have a problem making those changes. Thanks for being on Bloomberg law. Professor Harry, first of NYU law school coming up on Bloomberg law. What does have in common with the leash aquis Dave Chapelle? They're all making moves to try to assert control in this smart phone in social media era over what they do on stage. And how much of it gets to those who.
"federal trade commission" Discussed on KFI AM 640
"That's what I'm talking about. Some new Taylor swift. I mean, will I call it a banger? Debatable, not her strongest work. Who's that? Okay. Anyway. Today. We are talking about vendors and game. It's out people are losing their marbles over it. We'll talk about it. But no spoilers. I promise we're talking about President Trump and vice President Mike Pence, they are speaking at the NRA's annual summit today, we talked to ABC's Rachel Scott about that. And let him you're Putin and Kim Jong UN met Kim has criticized the US for a unilateral attitude in bad faith, so soon ABC news correspondent, Tom rivers will be on the show to kinda help us to code and navigate that message. And if I fifty we're gonna talk, you know, like I said with Tom rivers at six oh five we got handle on the news. Always fun. Always a good time. And over when talking about vendors, but I wanna talk about men in black. An international trailer has dropped dropped yesterday. Tuck and bigger weapons crazy little gadgets. New aliens actually, really liked the men in black series. They're back to protect earth from the scum of the universe. Starring crims. Chris Hemsworth, Tessa Thompson who no relation like if I names related people Liam Niessen, you can watch the new trailer at men in black dot com. Men in black international that is NPR's June eleventh right now. Business buzz KFI's biz tech expert Jason Middleton. Should be on the phone. Maybe. I don't come to me. So soft, Jamie. It's right. Didn't get any. I think any welcome. It's because you took the TAY I I think I think they probably had acute up for me to walk up with Taytay. But no, I've never had to get in there. I. Okay. Okay. I was kinda jazzed for it too. So I'm with you here. I was like play it. I thought it was going to like get me out of my seat. I'm giving into like a C. Plus right now, I need to listen to the whole thing. Yeah. I'm going with be. I think it's a solid B. I think he'll come around to it. Okay. I probably need to watch the video you, right? You right. Okay. So let's talk. Let's talk some tech. Let's talk Amazon prime. You wanna talk about that? Yeah. It was caught talk it man because competition for Amazon with Amazon has gotten better, right? Like, they stepped up their games wall stepped up their games. And and so they're gonna go from day prime as a guaranteed to one day prime for they already have a hundred million items available for one day delivery, which is amazing to me fifty five percent of the country. The population of the United States lives within two hours of of a film at center for Amazon, which also is just mad infrastructure. So they're going to up their game. They're gonna spend almost a billion dollars to get almost everything they can to one day. Delivery expectations for prime which is and and think about it too. So Amazon prime is kind of a cohort of a higher spending households in the United States. So is a desirable demographic. And so keeping them happy makes a lot of sense. And it might actually grow the base because the gross has started to slow little bit profit margins at Amazon are up, right? They're making more money for every dollar spent but the growth is slowing down. So this is this is them trying to push back against that. And get more growth going at the same time. I like it. I think it's a good tactic. Let's talk about something. I don't love which is all the Facebook weird news that always comes out now. Like, they've just they paid a billion dollar fine. Right. Let let's talk about the fine. They were doing it to what to in anticipation of being fined by the Federal Trade Commission there what they did was after their earnings call on the press release that every company puts out they said, look, we're setting aside three billion dollars in cash in anticipation of. An FTC Federal Trade Commission find that could come anytime this year and. This is a joke in a lot of ways because. Okay. Three to five billion dollars is the rain expected. That's two weeks of revenue for the company. It's six percent of their cash on hand. Now, look after that earnings call Facebook stock went up so much it made forty billion dollars in market valuation. Forty added forty billion what that company is worth. So just like when you're driving on the one on one and you're in a construction zone. And if you speed your traffic fines are doubled, it's my opinion, and several others that should happen to Facebook to this fine should have zero on it. It should be closer to thirty billion really. I mean, look what we're we're talking about here. We're talking about the destruction of democracy, at least at least violence against people in certain cultures. There's there's even a link to genocide in Myanmar. So the spread of fake news. This has to this has to get some kind of speed bump it has to be checked. And that's what government is for. And and look I I think company should be able to grow at pace. I mean, that's awesome. But what price does that valuation? Come. It comes at the unrest of a lot of society. And so that has to be reckoned. I think right. I think and they are such a leader in the industry of social media. It's kinda you kind of have to set an example. I mean, not make an example out of them. But like, hey, look, it doesn't matter. How big you get you have to follow the rules. Just like everybody else. This is like this like the FTC's saying like I would to my nine year old. Look, I'm not angry. I'm just as appointed. That is so funny that hurts a little bit. Longer than just I'm just a little disappointed later morals. But I I don't really cares about that. That's a great point. Honestly, I mean because look sure Sandberg the seat. Oh at Facebook is the is the world's greatest human heat shield when it comes to protecting Mark Zuckerberg from any kind of scrutiny. And so she has to be thrown into this too. That this this fine is simply not enough. It's a nice big number. And all it does if you if you talk to your earnings report, then all you're doing is tell your investors like look, we're paying the fine. We are blocking and tackling against regulation because it's looks like a big number. But it's really just it just not if you have to think about the scale of these companies Uber's going IPO at eighty three billion dollars. That's not happy that's half of two quarters of gains for Facebook about that. Yeah. That's insane. Let's talk about other insane stuff. What do you want? Do. You wanna talk about? Why miracles are skipping vacation. Do you wanna talk about Intel what's up what's up? What's up of summer vacation? In makes me sad. This actually hurts my heart. Many Americans are often out of summer vacations. Almost one in four twenty two percent say they're not going to take it and twenty two other percent or saying they're considering not taking patient. I mean, we work ourselves to death and a lot of ways. So I I went in and I looked up. I probably did this to you looked up how much other count- countries give workers paid days off. I don't look in that. Because that makes me sad. Well, okay. I'll tell you. I tell you what it's four weeks in a lot of places, and I'm talking like, not just Europe. Okay. We're talking about like places like n Dora. Okay. Four weeks of paid. Plus, you get like anywhere between ten and fifteen paid federal holidays for those countries to it just it is heartening when you see half of the country in the United States. Even though prices are not so bad right now airfares, not exactly spiking gases, really bad in California. But but as far as other expenses goes it's not not as bad as it has been in the past half the country. Can't take vacation. That's so sad. It's sad. And if you there was there was survey yesterday that shows that Americans are the most stressed people on the planet right now. And they can't take vacation. So that's only gonna get worse too. I mean, I just it seems to me that you got to recharge your batteries once in a while I try to get off the grid. That's why a lot of ten ninety nine work. So that I can they're not paid days off. So I have to charge higher on the other hours. But at the same time, you gotta get off the grid once in a while. Right. Put that. Yeah. You gotta put down the phone. The phone is not a vacation. I think many people treated take it as a little break. But you need to throw that thing away. Sometimes james. I love talking to you. Is there anything else we need to cover? No. I think I mean, you did mention the thing I will say this until got out of the five G business. The next generation of technology for mobile phones, got out of the business because apple and claw became besties instead of frenemies and moving forward so that Intel is taking a hit down seven and a half percent this morning so far. All right. Well, you're always giving us the good. You can follow Jason Middleton on Twitter because I do in all the cool kids. Do what is the handle again? K G O. Jason's at Keijo. Jason. Thank you Tessa. This has been a lot of fun. And always is. And you're always tweeting cool staff. New tech everything keeping keeping everyone up to date on what the business is. Thank you so much. All right. Let's get back to some of the other stories. We are falling from the KFI twenty four hour newsroom and ex con has been arrested for a double murder in Newport Beach after being accused of carrying out a series of tempted burglaries, a man and woman found dead in a locked condo near Newport harbor high school reportedly disappeared Friday, the man's roommate found the bodies on Sunday. Newport Beach PD won't say how the two were killed. But on social media, a family member says at least one of the two had been shot also over the weekend. Cops Irvine we're tracking a man for a series of burglaries. Cops say they spotted the guy early Monday morning police tastes ended in a minor accident and several agencies with swat teams and helicopters vox the guy in Ventura. The arrested in Orange County. Corbin Carson KFI news director, John singleton family says a stroke recently had has put him in a coma. Singleton check themselves in cedar Sinai last week complaining of leg pain following leg. Pain following a flight home from Costa Rica, singleton's mother has asked a court for temporary power to make medical and financial decisions for him..
"federal trade commission" Discussed on This Week In Google
"It should be right. Very clear laws and have very clear enforcement of them in the courts with due process now then in terms of the Vigo, but harmful that should be a matter of. The company's own terms of service with their users where for example, Facebook says naked breasts. No, I think it's dumb, but they can do that. Right. That's their there's their definition of harmful. God help us. The way it works in the US under the Federal Trade Commission structure is that every company can have guarantees. They make to their customers. The Federal Trade Commission doesn't care what those guarantees are. Except if you violate that if you don't stand up to the covenant you make with your customers, then they come after you and essence for consumer fraud. You said you do it you just so you split that world up where you have variable standards set by platform, and you can decide I like this platform. I don't like this plan for because of their rules, whatever put those their rules, and the company is monitored based on whether or not it meets its own rules. That's the legal framework and of the illegal framework, the company still has to play police because the scale is to huge they still have to find the stuff, they're only liable. Once they've been notified something's bad once they don't act, and if they have any doubt. Now, they have a court to go to so that's a regulatory regime. It starts to make sense to me. I wrote it up on medium. Yes. With you until the Tada now, I'm like, no just teasing. Jeff. No, I like it. I. Richard. And of personal you too. Don. It's a da kind of person. Oh, totally. Yes. So you're. Truth. Traf- Jeff Jeff beat you to the Tada. Didn't he? No, I think it really drove his point home in a very airy clear way. Internet. So so what meanwhile, meanwhile, governments are going berserk. Oh, you also have the fake news law. You have Singapore. They been fake news law where your your things that are wrong or legal..
"federal trade commission" Discussed on AppleInsider Podcast
"Is there a couple of things going on first of all Tim cook? We know has been speaking out very frequently about privacy, and he called on congress for federal data privacy law reforms one of the things that he was positioning as the his. He was positing is a good idea would be the idea that people can track their data and manage how it's used and revoke it that that companies should abide by rules that they clear fundamentally different than they are day regarding collection storage views or data. Right now companies have huge user profiles that that. Basically people can't really control their own digital lives. And so cookie is proposing something that empowers the consumer the the idea that he's laid out says that you should have the right to have your personal data minimized that you should be able to know what's being collected in why the right to see it and make changes to it and the right security that that people should have the tools to take action, which is really interesting. He's talking about the concept of a data broker, which is a company that collects data from retail or other firms and compile some then send it to another buyer without these knowledge, and what to do about those and a chance everybody will just think that's a good point. We'll do that. Then it's all sorted. You have so much faith in legislators. I'm surprised at you knowing what's going on in your own country at this moment. Thanks for bringing not up. But okay. Yes. Is this optimism come from my friend. I'm a cynical idealist. That's what it is. I cook Santro, right? And we need somebody to have a good idea desert idea. Let's do that. I mean, GDP our general data protection. Acts that we had in diet UK seeing middle of last year has done somewhat towards this on his price than Fulla. I it has made a difference. It is good. Why shouldn't everybody have? This guy's US. I don't think the GDP goes far enough. I don't think it comes close to what cooks talking about nobody. It's definitely a right route on the way on you have no idea how much work you put me through setting up for it. But a guy just forget that biff. Yeah. So great. But it's good. Let's all well. So in linked news related news. Senator Marco Rubio in the United States is now the American data dissemination act, a data privacy Bill and his proposal is that the FTC or Federal Trade Commission would be ordered to examine and suggest what price will be put in place for major commercial services, and that they'd be required. Find ways to exempt smaller companies from being impacted by the rules that that. The FCC would have the authority to produce new roles along their own recommendations. And basically it also preempt privacy rules at the state level, meaning that tougher state laws be superseded by weaker national laws in some cases. But that at least it would apply across the board. And the idea is to try and eliminate the patchwork of lawsuits away, the America's set up right America is fifty states organized in a federal union and each state has their own sets of laws, and that's a lot to comply with when you're trying to to run a business nationally. And so by creating a federal law that creates a blanket law for the whole country, it it some cases makes it worse for states that had stronger laws, but at least gives companies a level playing field to work within instead of trying to manage the future in laws. Just it just make floor rather than the ceiling if you're stronger than this you find but you copy weaker. That's entirely too sensible for legislators. Yeah. Government doesn't work that way. Sorry. What are the old civil this coming through then unto you know, when it might pass Halong axe takes against for the congress. I mean. It's it's really I mean, he announced the idea of it bills. Go he announces the Bill, but they'll get co sponsored the Bill has to go through committee. It has to get out of committee as opposed to the kid committee killing it, and then it can go to the floor for a vote..