Business

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.

Google just won a partial reprieve in one of the antitrust cases leveled against the company.

Google thinks it has a way to get more hybrid workers into the office: eliminate the commute when they do need to leave home.

Coinbase has filed a motion to dismiss a Securities and Exchange Commission lawsuit in which the agency accused the company of illegally running an unregistered national securities exchange, broker and clearing agency. Coinbase claims that, because it doesn't deal in securities, the SEC has no authority over its operations.