Jeff Bezos urged Amazon to flood search results with junk ads, FTC alleges::Amazon’s ads strategy helped pump its profits while steering shoppers to higher-priced goods, the agency alleges.
Amazon’s secret pricing scheme made it an extra $1 billion, FTC says::Amazon’s secret pricing algorithm, codenamed “Project Nessie,” may have generated the company more than $1 billion in extra profits, according to new details released from the Federal Trade Commission’s antitrust case.
Sam Bankman-Fried found guilty on all seven counts::Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts
Amazon execs destroyed years of evidence before FTC action, agency says::Amazon allegedly destroyed communications, turned controversial programs on and off, and knowingly raised prices for consumers, according to unsealed documents.
One aspect of the Data Safety section that the Play Store introduced last year is the ability to feature “Independent security reviews.” Google Play is more prominently surfacing that badge when you search for VPN apps.
Critics renew calls for a TikTok ban, claiming anti-Israel bias on the platform::Critics are renewing calls to ban TikTok, arguing that the most popular content related to the Israel-Hamas war on the app has a pro-Palestinian slant.
Tech Billionaires’ Quest to Build a New City in California Is Already Mired in Trouble::A legal battle is already brewing over a quixotic attempt to build a new city on Bay Area farmland.