Jonathan Kanter, the Department of Justice’s top antitrust enforcer, says Big Tech’s cornucopia of questionable business practices looks an awful lot like the oil industry during Standard Oil’s reign.
Swedish multinational tech giant Ericsson pled guilty this week to bribery and agreed to pay the Department of Justice $206 million dollars. Federal prosecutors accused Ericsson of engaging in a long-running international corruption scheme that involved bribing government officials, falsifying records, and failing to…
Vitamin and supplement maker, The Bountiful Company (owned by Nestlé), has to pay a $600,000 fine to the Federal Trade Commission for allegedly misrepresenting numerous products online. According to the FTC, Bountiful—which makes Nature’s Bounty supplements along with other brands—engaged in “review hijacking” on…
The Federal Trade Commission will not appeal the court ruling rejecting its attempt to block the acquisition of VR fitness company Within by Facebook and parent company Meta. The regulator’s decision marks a major win for Meta and draws renewed scrutiny on the agency’s capacity to successfully bring similar antitrust…
