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News
U.S. House committee backs FTC's probe into AI surveillance pricing
3+ day, 7+ hour ago (438+ words) Probe focuses on companies’ use of consumer data to secretly charge some higher prices than others for same products. A powerful U.S. House committee is advancing an ongoing investigation into surveillance pricing, where companies will use consumer data to secretly…...
FTC Personalized Pricing Comment Period Closes in 13 Days — Here’s What the Industry Endgame Looks Like – Forkast
15+ hour, 1+ min ago (59+ words) The disclosure architecture question — point-of-sale vs. upon-request — will determine compliance cost structure for every AI pricing agent. Industry is fighting to narrow the scope before September 25. Priya Nair Policy & Regulation All stories by Priya Nair → |[email protected] Priya Nair works for…...
Zillow faces shareholder lawsuit over Redfin deal
1+ day, 6+ hour ago (455+ words) A shareholder filed a derivative lawsuit in Washington, alleging Zillow’s $100 million Redfin deal created antitrust risk and misled investors. The suit cites alleged insider sales of $81 million and seeks damages plus governance changes. AI Summary While Zillow may no longer…...
Federal Trade Commission targets Amazon's Project Nessie in antitrust suit
16+ hour, 29+ min ago (459+ words) The FTC alleges Amazon's internal pricing algorithm generated over $1 billion in excess profits by anticipating and exploiting competitor behavior The Federal Trade Commission’s antitrust case against Amazon centers on an internal pricing algorithm with a mythical name and very real…...
True Fitness & True Yoga customers report over S$63,000 in losses from unutilised memberships, packages: CASE
1+ day, 22+ hour ago (252+ words) CASE has received 28 complaints from affected consumers so far. After True Fitness and True Yoga ceased operations across their outlets on Sep. 10, customers have reported losses of more than S$63,000 in unutilised memberships, packages, and services to the Consumers Association…...
Government amends e-commerce rules to check price manipulation
2+ day, 3+ hour ago (100+ words) NEW DELHI, SEP 10 (PTI): The government has amended the Consumer Protection (E-Commerce) Rules, 2020, to tighten norms on price transparency, sponsored listings, search result manipulation and dark patterns, the Department of Consumer Affairs said on Thursday.The Consumer Protection (E-Commerce) (Amendment)…...
Fund managers: 2 exciting ASX shares that could be excellent buys
2+ day, 5+ hour ago (594+ words) These businesses are rated as having very positive futures… The ASX share market is full of opportunities that we can buy to generate returns. Yes, many investors may be drawn to names like BHP Group Ltd (ASX: BHP), Commonwealth Bank…...
Antitrust Staff Reject Korean Air's Bid to Ease Seat Supply Duty
2+ day, 3+ hour ago (408+ words) Korean Air asked the Fair Trade Commission to relax the requirement to keep 90% of seat capacity, a condition imposed when its merger with Asiana Airlines was reviewed The airline cited weaker demand from a weaker won, higher oil prices and…...
FTC offers businesses new path to clarify rules
2+ day, 7+ hour ago (259+ words) The process will let businesses raise questions about ambiguous or conflicting FTC rules, with the potential for responses published as agency guidance. Businesses will submit their queries via a form that will route the question to appropriate staff, the FTC…...
CCI Closes Winzo???s Google Antitrust Case After Online Money Gaming Ban
2+ day, 12+ hour ago (478+ words) India’s New Gaming Law Ends WinZO’s Google Antitrust Case The Competition Commission of India (CCI) closed its antitrust inquiry into Google’s real-money gaming policies on September 8, saying India’s online money gaming ban had left no effective remedy for the concerns…...