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Federal Trade Commission

amazon spheres

FTC and 17 states sue Amazon for maintaining alleged monopoly power that stifles competition

by Kurt Schlosser on September 26, 2023October 4, 2023 at 7:24 am

The Federal Trade Commission and 17 state attorneys general filed suit against Amazon on Tuesday, alleging that the Seattle-based tech giant is a monopoly that abuses its power. The complaint… Read More

FTC sues Amazon, alleging it duped consumers into buying hard-to-cancel Prime subscriptions

by Lisa Stiffler on June 21, 2023June 21, 2023 at 11:22 am

The Federal Trade Commission is suing Amazon for allegedly duping customers into signing up for subscriptions to its Prime service and making it unnecessarily difficult for them to cancel. “Amazon… Read More

Rocket engines at Aerojet Rocketdyne in Redmond
News Brief

Lockheed Martin kills plans for acquiring Aerojet Rocketdyne after FTC blocks deal

by Alan Boyle on February 14, 2022February 14, 2022 at 8:43 am

Lockheed Martin says it’s terminating its agreement to acquire Aerojet Rocketdyne, less than a month after the Federal Trade Commission filed suit to block the $4.4 billion deal. In a… Read More

Aerojet Rocketdyne engines
News Brief

Lockheed Martin’s acquisition of Aerojet Rocketdyne faces limbo after FTC files suit

by Alan Boyle on January 26, 2022January 26, 2022 at 4:16 pm

The Federal Trade Commission has filed a lawsuit to block Lockheed Martin’s $4.4 billion acquisition of Aerojet Rocketdyne, saying that the deal would “give Lockheed the ability to cut off… Read More

New presidential order will push for net neutrality, limit large mergers, restrict non-compete clauses

by Mike Lewis on July 9, 2021July 9, 2021 at 4:35 pm

In an effort to promote more business and labor competition, President Biden today will issue a sweeping executive order to limit the concentration of money and power in many American… Read More

Rohit Chopra
Video

Too big to fail? FTC commissioner sees parallels between Big Tech and bank crisis

by Alan Boyle on October 8, 2019October 10, 2019 at 7:33 pm

During his first year and a half on the Federal Trade Commission, Rohit Chopra has built a reputation as Big Tech’s toughest critic — and today at the GeekWire Summit,… Read More

Amazon to issue up to $70M in refunds for kids’ unauthorized in-app purchases

by Nat Levy on April 5, 2017April 5, 2017 at 10:15 am

Good news for Amazon customers whose kids racked up massive in-app purchase bills: refunds may soon be on the way. Amazon and the Federal Trade Commission have agreed to end… Read More

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