Home Blog Terms & Conditions Privacy Policy

Adstoppi Blog | Facebook confirms new FTC antitrust investigation after posting strong earnings

Published by:


Facebook’s business continues to grow, largely unimpeded by the various privacy settlements, corporate scandals, and regulatory concerns over its handling of user data and other reckless practices. Yet the company announced today, as part of its second quarter earnings announcement, that the Federal Trade Commission is now officially investigating Facebook for potential violations of US antitrust law.

“The online technology industry and our company have received increased regulatory scrutiny in the past quarter. In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company,” reads the company’s earnings release. “In addition, in July 2019, the Department of Justice announced that it will begin an antitrust review of market-leading online platforms.”

Earlier today, Facebook and the FTC announced the terms of a settlement of an entirely separate investigation over the company’s privacy practices. That settlement is resulting in a $5 billion fine, the largest ever for a tech company, in addition to a number of conditions that will require Facebook to submit new products and services for a third-party privacy review and other oversights.

And last month, the FTC was granted authority to oversee antitrust probes into both Facebook and Amazon, while the US Department of Justice is handling Google. Now, it appears the FTC is actively working on bringing a case against the social network, as Facebook’s disclosure here is the first official confirmation of a formal antitrust investigation kicking off. The company says it was informed of the investigation last month, so we may hear more about antitrust cases against Amazon and Google when those two companies report earnings later this month.

Despite the torrent of bad headlines, Facebook’s business is doing just fine. The company announced that revenue soared 28 percent to $16.9 billion year over year, and the number of users logging into Facebook every day and every month has grown by 8 percent, to 1.59 billion and 2.41 billion people, respectively. In other words, Facebook continues to be the most popular internet service on the planet, and in three months, it made more than three times the amount that the FTC fined it for its handling of the Cambridge Analytica scandal and other privacy issues.

Recent Post

On a party-line vote, the FCC today approved a controversial measure that gives mobile phone carriers more power over text messages. The agency’s Republican leadership has pushed for the measure, which would classify text messaging as an information service. The move will give carriers leeway to stop spam texts without fear of breaking the law, Chairman Ajit Pai and his Republican colleagues have argued, and will keep robotexts from taking over phones the way robocalls have. The classification, Republican commissioners at the agency have argued, will only preserve the status quo. Chairman Pai said ahead of the vote that “the FCC should not make it easier for spammers and scammers to bombard consumers with unwanted texts” and cited support for the move from a group of attorneys...

Update, July 24 at 6:24 PM ET: SpaceX was forced to delay the launch due to bad weather over the launch site. The company will try again tomorrow, Thursday, July 25th at 6:01PM ET. Original story: This afternoon, SpaceX is slated to launch its latest cargo mission from Florida for NASA, sending about 5,000 pounds of supplies to the crew on the International Space Station. For this mission, the company is employing a Dragon cargo capsule that’s already been to space twice before. If successful, it’ll be the first time the same Dragon has gone on a third trip to space. Packed inside the Dragon’s main storage compartment are some interesting goodies and science experiments for the crew to work with over the next few months. These include a printer designed to create 3D organ-like...

What a difference a few weeks can make. Last month, I came to Chicago for the launch of Verizon's 5G network, which is now live both here and in Minneapolis. The inaugural 5G device was the Moto Z3 equipped with Motorola's 5G MotoMod, and my experience — and that of many other tech journalists — was less than positive: 5G coverage was exceedingly difficult to find. Speeds were noticeably faster than LTE, but not wickedly so. But today marks the release of Samsung's $1,400 Galaxy S10 5G, which will briefly be a Verizon exclusive before moving to other carriers. And now that there's a real, proper 5G phone on its network, Verizon has ramped things up. Coverage remains extremely limited: it varies widely and block by block. But when you find a good spot, it's amazing. I just ran a speed...

Microsoft co-founder Bill Gates has been reflecting on his time at the company when crucial decisions were made over its mobile operating system. During a recent interview at Village Global, a venture capital firm, Gates revealed his “greatest mistake ever” was Microsoft missing the Android opportunity: “In the software world, particularly for platforms, these are winner-take-all markets. So the greatest mistake ever is whatever mismanagement I engaged in that caused Microsoft not to be what Android is. That is, Android is the standard non-Apple phone platform. That was a natural thing for Microsoft to win. It really is winner take all. If you’re there with half as many apps or 90 percent as many apps, you’re on your way to complete doom. There’s room for exactly one non-Apple...

It’s always been something of a pain to have to sign in to a work computer, but advancements like Windows Hello facial recognition, fingerprint scanning, and Apple’s Touch ID systems have made it slightly less painful in recent years. Now, Dell has an option that’s even easier. The Latitude 7400 2-in-1, a recently introduced business laptop, features a new ExpressSign-in feature that takes Microsoft’s Windows Hello facial recognition app one step further: it looks for your face and then automatically signs you in to the system even if it’s in sleep mode. Aside from the trick new login system, the $1,599 ($2,802 as tested) Latitude is a fairly typical small business laptop. The 14-inch FHD (1920 x 1080) display is surrounded by a very narrow bezel, which, surprisingly, still...

Nielsen Media Research has released its ratings for the latest season of Netflix’s Stranger Things, showing that ratings for the third season over the first four days of release were significantly higher than for the second season. Those numbers back up Netflix’s assertion that the show broke records, although they highlight the differences in how both companies measure their audiences. On Monday, Netflix announced that at least 40.7 million accounts watched the series since its premiere on July 4th, “more than any other [Netflix] film or series in its first four days.” The company said 18.2 million of those accounts had already finished the entire season. The company counts a “view” as an account finishing at least 70 percent of an episode or film. Nielsen has produced...

Employment And The Workplace

Published by:

This segment addresses the practical issues that arise when an organization is called to solve human rights problems using human rights policies and complaint resolution processes. To learn more about establishing a human rights strategy to address and prevent discrimination, refer to Section IV-1a) Plan to prevent and address human rights problems. The organization is accountable for addressing and quitting offenses - All companies are accountable for dealing efficiently, fairly and quickly with scenarios involving claims of discrimination or harassment. At a minimum, companies must react to internal offenses complaints by: having a criticism mechanism in place - with a corporate understanding of what constitutes offenses - taking the issue seriously once an internal complaint is...

During an interview with Collider, Captain Marvel producers Victoria Alonso and Jonathan Schwartz confirmed that Marvel intends to release the full back catalog of MCU films in 4K over time. “We are going to remaster all of our films in 4K. We’re in the process of doing that, so it’s all happening,” Alonso said. Disney has already released 4K Blu-ray discs for a number of the Marvel Studios movies, which I’ve listed below, but there are definitely holes in the lineup. Some of those will be addressed this summer, per High-Def Digest, with Iron Man, Iron Man 2, Iron Man 3, Thor, and Thor: The Dark World slated for 4K Blu-ray release in the coming months. Still missing are Guardians of the Galaxy, Ant-Man, and Doctor Strange. MCU films currently available in 4K: Ant-Man and The...

Netflix is still looking for its big blockbuster franchise, but it seems unlikely that Michael Bay and Ryan Reynolds' new spectacle, 6 Underground, is the answer. 6 Underground is Peak Bay. The story is, frankly, difficult to parse, but focuses on six specially skilled people tasked with taking down a dictator in the Middle East. None of this matters. Instead, 6 Underground is defined by its 15-minute chase scene, an exuberant number of explosions, self-satirizing quips, and parkour. It's a movie that feels like it should have premiered in 2007, but instead was forgotten and handed over to Netflix more than a decade later. Critical appeal is subjective, but the lack of hype around a $150 million movie — Netflix's most expensive franchise play to date — encapsulates the company's...

Business Holiday Gift Ideas

Published by:

The holidays are upon us and if you haven't begun thinking about your vacation advertising plans it's not too late. Here are 9 vacation advertising ideas from some companies over the US. Thanksgiving cards make the difference - Send out a Thanksgiving card to clients\/potential clients. You can go the catalog path or send a collection of personal notes. One previous customer had his child draw something and he left copies depends on your own style. But I guarantee that your card will stand out because Thanksgiving isn't a card-oriented vacation. Rita Kueber - beaumontschool.org. Rubber Stamp It Once I was a caterer, I used a rubber stamp in each piece of email, every check, every invoice that went from our office, it said whos catering to your Christmas party? Celia Milton - 3. The Early...


Login Join Now