The FTC has had a significant victory against deceptive practices by social media apps, albeit via a smaller player in the space. Today, the FTC has announced that private messaging app NGL, which became a hit with teen users back in 2022, will be fined $5 million, and be banned from allowing people under 18 [...]read moreFTC Fines Messaging App NGL Over Deceptive Practices
By Bloomberg Published May 14, 2024 The federal judge overseeing the Federal Trade Commission’s case to block Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd. rejected a bid by the companies to force antitrust enforcers to turn over more information about their definition of “accessible luxury” handbags. See catwalkCoach – Spring-Summer2024 – Womenswear [...]read moreTapestry-Capri judge lets FTC use ‘accessible luxury’ market
The Federal Trade Commission hit Razer with a $1.1 million fine Tuesday. The order claims that the gaming accessory maker misled consumers by claiming that its flashy Zephyr mask was certified as N95-grade. “These businesses falsely claimed, in the midst of a global pandemic, that their face mask was the equivalent of an N95 certified [...]read moreRazer hit with $1.1M FTC fine over glowing ‘N95’ mask COVID claims
In 2021, video game accessory manufacturer Razer announced its plans to release a mask that people could wear to help stop the spread of covid-19 during the height of the (ongoing) pandemic. Now, almost three years later, the company owes the Federal Trade Commission over $1 million in fines due to “misrepresenting” the mask’s N-95 [...]read moreRazer’s Covid Mask Wasn’t Certified, Fined $1 Million By FTC
Now, The Washington Post (which is owned by Amazon founder and former CEO Jeff Bezos) reports that Amazon is just one of several companies recently accused of turning to encrypted messaging apps like Signal that can permanently erase messages automatically. This week’s filing includes screenshots of a Signal chat between two Amazon executives who said, [...]read moreFTC says Amazon executives destroyed potential evidence by using apps like Signal
The Federal Trade Commission (FTC) announced on Tuesday a decision to ban noncompetes nationwide, aiming to stop the practice of preventing a worker from immediately joining a rival company. The rule is designed to “[protect] the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation,” the FTC said in its [...]read moreFTC bans noncompete clauses nationwide
After news that the FTC in the US wants to block Tapestry’s takeover of Capri Holdings on competition grounds, late on Monday both companies issued statements defending their plans. See catwalkVersace – Spring-Summer2024 – Womenswear – Italie – Milan – © Launchmetrics Tapestry, which owns Coach, Kate Spade and Stuart Weitzman, said: “There is no [...]read moreTapestry and Capri Holdings defend merger plans after FTC bombshell
By Reuters API Published Apr 23, 2024 The U.S. Federal Trade Commission on Monday sued to block Coach parent Tapestry‘s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate “direct head-to-head competition” between the flagship brands of the two luxury handbag makers. See catwalkMichael Kors – Fall-Winter2024 – 2025 – Womenswear – [...]read moreUS FTC sues to block $8.5 billion takeover of Capri by Tapestry
By Bloomberg Published Apr 17, 2024 US antitrust enforcers are preparing a lawsuit seeking to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., according to a person with knowledge of the matter. Coach – SS24 – © Launchmetrics The Federal Trade Commission is expected to file a lawsuit as soon [...]read moreFTC is preparing lawsuit to block Tapestry’s purchase of Capri
Meta’s moved to dismiss a pending lawsuit from the F.T.C., which was originally filed in 2020, and seeks to force Meta to divest both WhatsApp and Instagram, under the premise that both were acquired to eliminate competition in the market, in violation of antitrust laws. The F.T.C.’s original suit claimed that Meta “engaged in a [...]read moreMeta Files Motion To Dismiss FTC Antitrust Lawsuit