FTC Sues AI-Powered Amazon Store Scam That Defrauded Investors of Millions
A Florida-based e-commerce company claimed to use AI and a '$5 million supercomputer' to run automated Amazon stores, charging investors up to $75,000. The FTC revealed the technology was fake, with most stores generating minimal revenue or getting suspended.
Republican Attorneys General Challenge FCC's Universal Service Fund in Supreme Court
Fifteen Republican state attorneys general are pushing the Supreme Court to declare the FCC's $8 billion Universal Service Fund unconstitutional. The program, which provides broadband subsidies to low-income households and schools, faces opposition despite bipartisan support and warnings from industry experts.
Data Privacy Alert: FTC Exposes How Companies Use Personal Data for Dynamic Pricing
A groundbreaking FTC investigation reveals how major tech firms leverage consumer data, from location to browsing habits, to set personalized product prices. The study of six companies including Mastercard and Accenture raises concerns about privacy and fairness in modern retail pricing.