Federal Trade Commission
Summary
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of "consumer protection" and the elimination and prevention of what regulators perceive to be harmfully "anti-competitive" business practices, such as coercive monopoly.The Federal Trade Commission Act was one of President Wilson's major acts against trusts. Trusts and trust-busting were significant political concerns during the Progressive Era. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq.
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Skechers Settles Deceptive Ad Case With FTC for $40M
When it comes to cracking down on health and fitness claims in ads, the Federal trade Commission isn't sitting on its butt.
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GE Bulbs Switch to Color Coding
Twenty-two years ago, the government raised hackles in the food industry by requiring a “Nutrition Facts” label on packaged edibles. Now, regulators have a new target: lightbulbs. Starting this year, the FTC will require the makers of all incandescent, compact fluorescent and LED fixtures to affix a “Lighting Facts” label on their packaging.
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Facebook boosts IPO size by 25 percent, could top $16 billion
NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No. 1 social network trumps debate about the company's long-term potential to make money.
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Expect a 6 month freeze on Facebook’s Instagram acquisition
A former Justice lawyer and antitrust expert says Facebook’s purchase of photo-sharing site Instagram will take between 4 months and one year to clear regulatory hurdles. In the meantime, the deal is effectively on hold.
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Facebook IPO overvalued at $96bn, say investors
Poll finds 79% think social media giant's price tag is too high – but report says next week's flotation is already oversubscribed.
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Google, Twitter quizzed on Facebook-Instagram: source
(Reuters) - The U. S. Federal Trade Commission has reached out to Google Inc and Twitter in an investigation into Facebook Inc's $1 billion acquisition of photo-sharing service Instagram, a source familiar with the probe told Reuters.
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'Do not track' system expected by year's end
A do-not-track mechanism in development in conjunction with online ad industry stakeholders may be implemented by the end of the year, according to FTC Chairman Jon Leibowitz. Key to agreement from industry, privacy advocates, and government entities will be whether the DNT mechanism allows people to opt out from all data tracking.
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Senate Dems Push For Online Privacy Legislation
Senate Democrats aren't going to let a little distraction like the 2012 presidential election stop them from pushing for baseline legislation to protect consumers’ privacy online.
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MySpace Settles With FTC Over Privacy Charges
MySpace joined Google and Facebook in settling Federal Trade Commission charges that it violated millions of users' privacy, contrary to what the social network said in its privacy policy.
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FTC: Myspace advertisers given personal user information [with copy of settlement agreement]
Myspace and the Federal Trade Commission have agreed a settlement on charges that the social network company misused user information and misrepresented its privacy practices.
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