Tag Archives: watchdog

The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at “artificially low prices.” The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result. According to SEC rules, investors …

Canada’s Competition Bureau is suing Google for alleged anti-competitive conduct in its online advertising. In a statement, the country’s antitrust watchdog alleged Google had illegally linked two advertising tools to maintain market supremacy and used this dominant position to distort ad auctions by preferring its own tools. The agency said it had filed an application with the Competition Tribunal, a …

Uber is facing an investigation by the US Federal Trade Commission (FTC) into its flagship subscription plan, the company has said. As first reported by Bloomberg, the US consumer watchdog was probing the ride-hailing giant over the enrolment and cancellation procedures of the service. Uber One, which has more than 25 million subscribers around the world, offers fee-paying members discounts …

The regulator says a merger between Vodafone and Three could go ahead – if both companies make price promises for consumers and commit to boosting the UK’s 5G rollout. The Competition and Markets Authority (CMA) had previously said that creating what would be the country’s biggest mobile network could drive up prices and harm competition. But it has now provisionally …

LinkedIn has suspended the use of UK user data to train its artificial intelligence (AI) models after a regulator raised concerns. The career-focused social networking site, owned by Microsoft, quietly saw users around the world opted into their data being used to train its AI models. But the Information Commissioner’s Office (ICO) said on Friday that it was “pleased” LinkedIn …