Amazon to let dealers sell cars on its site, starting with Hyundai

Amazon next year will allow auto dealers to sell cars through its site, starting with South Korean automaker Hyundai, the company said Thursday. The company has slowly muscled its way into the car-buying business over the years, launching digital showrooms on its site for shoppers to research and compare vehicles, but not purchase them directly … Read more

Jeff Bezos urged Amazon to flood search results with junk ads: FTC

Amazon Founder and CEO Jeff Bezos speaks to the media on the company’s sustainability efforts in Washington on September 19, 2019. Eric Baradat | AFP | Getty Images Amazon flooded its search results with irrelevant “defect” ads at the direction of Founder Jeff Bezos, pumping Amazon profits while steering shoppers to higher-priced goods, the Federal … Read more

FTC permits Amgen Horizon Therapeutics deal to maneuver ahead

The Amgen brand is displayed exterior Amgen headquarters on Might 17, 2023 in Thousand Oaks, California. Mario Tama | Getty Pictures The Federal Commerce Fee on Friday stated it has reached a cope with drug big Amgen to permit the corporate’s $27.8 billion buy of Horizon Therapeutics to maneuver ahead.  The 2 firms now anticipate … Read more

Former Celsius CEO arrested, firm agrees to pay $4.7 billion settlement

Alex Mashinsky, Celsius CEO on stage in Lisbon for Internet Summit 2021 Piaras Ó Mídheach | Sportsfile | Getty Photographs Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud prices, a supply advised CNBC because the bankrupt crypto trade agreed to pay a $4.7 billion settlement with authorities regulators. The settlement is … Read more

FTC will attempt to block Microsoft’s acquisition of Activision Blizzard

FTC Chairwoman Lina Khan testifies in the course of the Home Power and Commerce Subcommittee on Innovation, Knowledge, and Commerce listening to on the “FY2024 Federal Commerce Fee Price range,” in Rayburn Constructing on Tuesday, April 18, 2023. Tom Williams | Cq-roll Name, Inc. | Getty Photos The Federal Commerce Fee is about to file … Read more

Meta fined a document $1.3 billion over EU person information transfers to the U.S.

Guests take photographs in entrance of the Meta signal at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Company | Getty Photos Meta has been fined a document 1.2 billion euros ($1.3 billion) by European privateness regulators over the switch of EU person information to the U.S. The choice hyperlinks … Read more