Internet retailers are receiving questions over their approaches to recalled products. The House Energy and Commerce Committee has sent letters to Amazon, Ebay, Meta, Walmart and other online shopping portals asking about their efforts to thwart sales of recalled and banned goods on their platforms.
After announcing the deal last year, Intel will no longer acquire Tower Semiconductor for $5.4 billion, the company announced in a press release.
As a potential FTC antitrust lawsuit looms in the background, Amazon plans to reduce its in-house brands.
Federal regulatory agencies have fined 11 financial institutions a combined $549 million for using “off-channel” messaging apps (WhatsApp, iMessage, Signal and text messages) for conversations about trades and other business. Securities laws require investment firms and banks to preserve communications records and ensure employees only carry out business through authorized channels.
The Apple TV+ film Tetris was copied from a book written years ago, according to a lawsuit filed against the tech giant and the Tetris Company.
Zoom has made changes to its terms of service after online blowback over recent updates to the company’s fine print allowing AI training on customer data. A report from StackDiary over the weekend highlighted how the changes, which rolled out in March without fanfare, appeared to grant the company sweeping control over customer data for AI training purposes.
Amazon will reportedly meet with the FTC next week before the filing of a possible antitrust lawsuit against the online retailer. The New York Timesreports that FTC chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya will sit down with Amazon representatives as the government agency nears a decision on whether to sue the company for antimonopoly laws.
The ghost kitchen company that runs MrBeast Burger has countersued Jimmy Donaldson, aka YouTube megastar MrBeast. Virtual Dining Concepts (VDC) alleges that Donaldson and his Beast Investments (BI) company failed to abide by contractual obligations, such as carrying out promotional work, and that they "materially damaged" its reputation.