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Facebook Engaged in “Buy-or-Bury” Scheme to Beat Competition, FTC Says

The Federal Trade Commission filed an amended complaint against Facebook on Thursday that accused the social media giant of engaging in an illegal “buy-or-bury” scheme to beat out competition after failing to innovate on their own. “Facebook lacked the business acumen and technical talent to survive the transition to mobile. After failing to compete with […]

Sen. Warren Asks FTC to Conduct “Broad and Meticulous” Review of Amazon-MGM Deal

Sen. Elizabeth Warren sent a letter to Federal Trade Commission chair Lina Khan late Tuesday, asking the regulator to conduct a “broad and meticulous” review of Amazon’s proposed acquisition of MGM Studios. Meanwhile on Wednesday, Amazon demanded that Khan recuse herself from any matters relating to the company. The FTC has been tasked with reviewing […]

MoviePass Operators Reach Settlement With FTC

The operators of the now-defunct MoviePass have reached a settlement with the Federal Trade Commission to resolve concerns that they actively prevented subscribers from using their service and didn’t protect users’ data. The FTC on Monday announced a proposed deal with MoviePass parent company Helios and Matheson Analytics and their principals, Mitchell Lowe and Theodore […]