The folks down at the Federal Trade Commission are busy helping all of us these days, whether they're weighing in on patent disputes or forcing firms to help cover your child's lack of parental supervision. Today, the FTC charged several companies and individuals with participation in an elaborate shell game from 2010 that was really just a $275 million dollar credit card scam. According to a separate, ongoing lawsuit filed by the Commission, a company called I Works did the stealing, but wouldn't have been able to take $26 million of the total without the aid of the defendants in this new lawsuit.
The FTC announced the suit on Thursday, citing concerns about innovation and competition as a primary reason.
The Federal Trade Commission is getting involved and wants companies like Facebook, Twitter, YouTube, Amazon, Reddit, ByteDance (owns TikTok), and even Discord to submit information about their privacy policies, advertising rules, and more.
Ever heard of stalkerware? Stalking apps are everywhere from well-meaning parents to overreaching bosses, but now the FTC is stepping in.