An anonymous reader quotes a report from CNET: GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness. The Department of Justice’s fraud section and the San Francisco…
Tag: department of Justice
Biden DOJ Halts Trump Admin Lawsuit Against California Net Neutrality Rules
An anonymous reader quotes a report from Ars Technica: The Biden administration has abandoned a Trump-era lawsuit that sought to block California’s net neutrality law. In a court filing today, the US Department of Justice said it “hereby gives notice of its voluntary dismissal of this case.” Shortly after, the court announced that the case is “dismissed in its entirety” and…
Google Closes the Fitbit Acquisition, Pledges To Not Use Data For Ads
An anonymous reader quotes a report from Ars Technica: Today Google’s senior VP of Hardware, Rick Osterloh, announced Google has closed its acquisition of Fitbit. The $2.1 billion deal was announced back in November 2019, which kicked off a regulatory review process from governments around the world concerned about Google’s influence over the Internet and the data it can collect on…
Google Ad Changes Face UK Probe in First Shot at Big Tech
Google is the U.K.’s first big post-Brexit antitrust target as regulators opened a probe into the company’s planned changes to curb publishers’ collection of advertising data. From a report: The Competition and Markets Authority said it’s investigating Google’s so-called privacy sandbox changes that could “undermine the ability of publishers to generate revenue and undermine competition in digital advertising, entrenching Google’s market…
Ticketmaster Pays $10 Million Criminal Fine for Invading Rival’s Computers
Ticketmaster will pay a $10 million criminal fine to avoid prosecution on U.S. charges it repeatedly accessed the computer systems of a rival whose assets its parent Live Nation Entertainment Inc later purchased. From a report: The fine is part of a three-year deferred prosecution agreement between Ticketmaster and the U.S. Department of Justice, which was disclosed at a Wednesday hearing…
Law Enforcement Take Down Three Bulletproof VPN Providers
Law enforcement agencies from the US, Germany, France, Switzerland, and the Netherlands have seized this week the web domains and server infrastructure of three VPN services that provided a safe haven for cybercriminals to attack their victims. From a report: The three services were active at insorg.org, safe-inet.com, and safe-inet.net before the domains were seized and replaced with law enforcement banners…
U.S. Charges China-based Zoom Executive With Disrupting Tiananmen Crackdown Commemorations
U.S. prosecutors on Friday charged a China-based executive at Zoom Video Communications with disrupting video meetings commemorating the 31st anniversary of the Tiananmen Square crackdown at the request of the Chinese government. From a report: Xinjiang Jin, 39, faces up to 10 years in prison if convicted of conspiring since January 2019 to use his company’s systems to censor speech, the…
As Antitrust Pressure Mounts, Google To Pull Back Benefit to News Sites That Adopted Its Preferred MobileTechnology
Four years after offering special placement in a “top stories carousel” in search results to entice publishers to use a format it created for mobile pages, called AMP, Google announced last week that it will end that preferential treatment in the spring. “We will prioritize pages with great page experience, whether implemented using AMP or any other web technology, as we…
The Tech Antitrust Problem No One Is Talking About: US Broadband Providers
An anonymous reader quotes a report from Ars Technica: After years of building political pressure for antitrust scrutiny of major tech companies, this month Congress and the US government delivered. The House Antitrust Subcommittee released a report accusing Apple, Amazon, Google, and Facebook of monopolistic behavior. The Department of Justice filed a complaint against Google alleging the company prevents consumers from…
Russian Hackers Targeted California, Indiana Democratic Parties In Repeat of 2016 Attacks
An anonymous reader quotes a report from Reuters: The group of Russian hackers accused of meddling in the 2016 U.S. presidential election earlier this year targeted the email accounts of Democratic state parties in California and Indiana, and influential think tanks in Washington and New York, according to people with knowledge of the matter. The attempted intrusions, many of which were…