The South Korean antitrust regulator said on Monday it signed agreements with the Chinese retail platforms AliExpress and Temu meant to prevent them from selling harmful products and to better protect consumers.
The investigation primarily focused on Meta's handling of consumer issues within the Facebook Marketplace and Instagram Marketplace, they added.
The tech giant is laying off at least 1,900 employees at gaming company Activision Blizzard as well as at Xbox.
In letters sent to them, the FTC said that those violating the rules could face civil penalties of up to $50,120 per violation for future failures to disclose unexpected material connections.
The US Federal Trade Commission (FTC) has announced a settlement with bankrupt crypto company Voyager that will permanently ban it from handling consumers’ assets.
President Joe Biden on Tuesday installed an energetic critic of Big Tech as a top federal regulator amidst intense pressure…
Several US Senators have called for breaking up the social network amid repeated data breaches and privacy violations on the platform.
