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@FTC

Mar 29

New: FTC sues Intuit for its deceptive Turbotax “free” filing campaign. Commission seeks an immediate halt to Intuit’s deceptive ads for “free” products: bit.ly/3NGDVUm

Commission alleges the company’s ubiquitous advertisements touting their supposedly “free” products—some of which have consisted almost entirely of the word “free” spoken repeatedly—mislead consumers into believing that they can file their taxes for free with TurboTax. /2

Most tax filers can’t use company’s “free” service b/c it is not available to millions of taxpayers, such as those who get a 1099 form for work in gig economy, or those who earn farm income. In 2020, for example, approx. 2/3 of tax filers could not use TurboTax’s free product. /3

Read 4 tweets

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@FTC

Mar 11

FTC charges HomeAdvisor, Inc. with cheating small businesses seeking leads for home improvement projects. Since 2014, Angi affiliate has misrepresented the quality, source of leads, and likelihood they would result in actual jobs, agency alleges

“Gig economy platforms should not use false claims and phony opportunities to prey on workers and small businesses,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.

“Today’s administrative complaint against HomeAdvisor shows that the FTC will use every tool in its toolbox to combat dishonest commercial practices.” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.

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@FTC

Jan 18

@JusticeATR

FTC and @JusticeATR seek to strengthen enforcement against illegal mergers. Agencies launch joint public inquiry aimed at modernizing merger guidelines to better detect and prevent anticompetitive deals: bit.ly/3IfiWEr /1

Recent evidence indicates that many industries across the economy are becoming more concentrated and less competitive – imperiling choice and economic gains for consumers, workers, entrepreneurs, and small businesses. /2

These problems are likely to persist or worsen due to an ongoing merger surge that has more than doubled merger filings from 2020 to 2021. /3

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@FTC

Dec 9, 2020

@FTC

#BREAKING: @FTC today sued Facebook (FB), alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct: go.usa.gov/xAqQs 1/12

Complaint alleges FB engaged in a systematic strategy—including its 2012 acquisition of Instagram, its 2014 acquisition of WhatsApp and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly: go.usa.gov/xAqQM 2/12

FTC is seeking a perm. injunction in court that could, among other things: req FB to divest assets, incl Instagram & WhatsApp; prohibit FB from imposing anticompetitive conditions on software developers & req. FB to seek prior notice/approval for future mergers/acquisitions 3/12

Read 12 tweets

FTC

@FTC

Dec 8, 2020

Reports about the release of #COVID19 vaccines by the end of the year are promising, but plans for distribution are still being worked out. Know that COVID-19 vaccines are in the pipeline and scammers won’t be far behind. More: go.usa.gov/x7hnM #COVID19Vaccine

1/4

Remember these tips to avoid COVID-19 vaccine scams:

❌You can't pay to put your name on a list to get the vaccine.

THAT'S A SCAM!

#COVID19Vaccine #COVID19

2/4

❌You can't pay to get early access to the vaccine.

THAT'S A SCAM! #COVID19Vaccine #COVID19

3/4

Read 4 tweets

FTC

@FTC

Nov 9, 2020

@zoom_us

#Breaking: FTC announces settlement with @zoom_us requiring the company to implement a robust information security program, settling allegations it engaged in deceptive and unfair practices that undermined the security of its users: go.usa.gov/x7NaE 1/6

Zoom agreed to establish and implement a comprehensive security program, is prohibited from making privacy and security misrepresentations, and must implement other detailed and specific relief. 2/6

Zoom’s user base has skyrocketed from 10 million in December 2019 to 300 million in April 2020 during the COVID-19 pandemic. 3/6

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