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☆ The New York Times stands by its reporting on the Hamas terror attack after questions are raised
▼ + stars: | 2024-03-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

New York CNN —The New York Times is facing questions about a sweeping investigative story it published on the Israel-Hamas war back in December. But key elements of The Times’ reporting in telling that larger story have since fallen under the microscope. “We weren’t aware of the rape initially; we were informed only when The New York Times’ journalist approached us,” her mother told the Israeli outlet YNet. we don’t know exactly what happened.”“It was only following the New York Times investigation that we learned from the journalists that my sister had been raped,” Abdush’s brother added to YNet. In this case, there is a large volume of evidence to indicate that Hamas carried out sexual assaults during the October 7 attack.

Persons: ‘, —, Jeffrey Gettleman, Anat Schwartz, Adam Sella, Schwartz, “, Gal Abdush, ” Abdush, Jeremy Scahill, Ryan Grim, Daniel Boguslaw, ’, Abdush’s, ”, Gal, Boguslaw, Grim, Gray, Charlotte Klein Organizations: New York CNN, The New York Times, CNN, The, Pulitzer, Times, The Times, New York Times, YNet Locations: New York, Israel, Gaza

☆ A Doctor’s Lifelong Quest to Solve One of Pediatric Medicine’s Greatest Mysteries
▼ + stars: | 2024-02-27 | by ( Emily Baumgaertner | Ariana Drehsler | ) www.nytimes.com time to read: +1 min

This one was from the heart of a 20-year-old jujitsu fighter who was last seen at the gym and was found dead in his bed two days later. The blood vessel tissue on the slide looked abnormal. Dr. Burns turned to the examiner: “I think this was likely one of mine.”Dr. Burns is an expert in a rare childhood illness called Kawasaki disease, which is the most common cause of acquired heart disease in children worldwide. It is also one of pediatric medicine’s greatest mysteries: No one knows what causes it. And Dr. Burns, who leads the investigations at the University of California San Diego’s Kawasaki Disease Research Center, has devoted her life to solving that mystery.

Persons: Dr, Jane Burns, Burns Organizations: CSI, University of California San, Kawasaki Disease Research Locations: San Diego County

☆ Here’s why a SCOTUS ruling on social media rules matters to so many people
▼ + stars: | 2024-02-27 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

It’s obvious enough that the legislation would affect those social media giants, who are challenging the laws’ constitutionality through industry trade associations. But in scrutinizing the laws’ scope and First Amendment impacts, justices from both sides of the ideological spectrum worried Monday that the legislation’s effects could spill far beyond major social media platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Social media applications are seen on an iPhone in this photo illustration taken on 10 November, 2023 in Warsaw, Poland. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-Reynolds/AFP/Getty ImagesThat law permits social media users to try to sue platforms for violations.

Persons: CNN — Uber, —, Henry Whitaker, “, ”, Amy Coney Barrett, Sonia Sotomayor, Whitaker, Jaap Arriens, ” Whitaker, Sotomayor, Ketanji Brown Jackson, “ I’m, ” Jackson, Uber, Aaron Nielson, Barrett, ” Sotomayor, ” Nielson, ” Chris Marchese, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Neilson, ” Barrett, you’ve, Elena Kagan, you’re, Kagan Organizations: CNN, Facebook, YouTube, Web, LinkedIn, NetChoice Litigation, AFP, Getty, Texans, PayPal Locations: Texas, Florida, Warsaw, Poland, ” Texas, ”, Washington , DC, AFP, El Paso

☆ Macy’s posts another quarter of falling sales as it unveils strategy to get back to growth
▼ + stars: | 2024-02-27 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Macy's on Tuesday said sales fell nearly 2% in the holiday quarter, as the 166-year-old department store operator unveiled its strategy to get back to growth. Macy's plans to close about 150 unproductive locations and to prioritize investing in about 350 other namesake locations. In the fiscal year that starts in early 2025, Macy's said it expects low-single digit comparable sales growth on an annual basis, including owned, licensed and marketplace sales. The namesake store's comparable sales on an owned-plus-licensed basis dropped by 4.7%, as the women's shoes and cold weather apparel and accessories categories struggled. At Bloomingdale's, comparable sales declined 1.6% on an owned-plus-licensed basis, as the men's and designer handbag businesses came in soft.

Persons: Spring, Tony Spring, Macy's, Arkhouse Organizations: Arkhouse Management, Brigade Capital Management, LSEG, Revenue Locations: New York City, Macy's

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Texas man guilty of making $1.8M after eavesdropping on his wife's work calls as they worked from home
▼ + stars: | 2024-02-24 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Read previewA Houston man has pleaded guilty to insider trading after he made $1.76 million in illegal profits after listening in on his wife's work calls as they worked from home. AdvertisementThe regulator said that Loudon purchased 46,450 shares of TravelCenters stock without his wife's knowledge before the deal was announced. It alleged that he "took advantage of his remote working conditions and his wife's trust to profit from information he knew was confidential." He told her he did it because he didn't want her to work long hours anymore, said the SEC complaint. The SEC noted that Loudon had not denied the allegations and had agreed to a partial judgment subject to court approval.

Persons: —, Tyler Loudon, Alamdar, Hamdani, Loudon, scrutinizing, didn't Organizations: Service, BP, Business, Securities, Exchange Commission, SEC Locations: TravelCenters, Loudon

☆ EY and Deloitte are scrutinizing staff workloads and quietly letting some workers go
▼ + stars: | 2024-02-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now they’re scrutinizing employee workloads and letting go of "underemployed" staff, The Times of London reported . EY told Business Insider in a statement that it has "well-established performance management processes" that look at a variety of metrics. The Big Four firms, which include EY, Deloitte, PWC, and KPMG, have cut hundreds of jobs in the past year amid a challenging economic climate. It recently gave 3,000 staff poor performance reviews , which are internally known as "concerns," according to Bloomberg .

Persons: —, workloads, EY Organizations: Service, Deloitte, Big, Times, EY, PWC, KPMG, Consulting, McKinsey, Bloomberg Locations: London

☆ $100,000 of goods were stolen from Home Depots across Florida in an organized self-checkout barcode switching scheme, the state's attorney general says
▼ + stars: | 2024-02-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThree people are facing grand theft charges after more than $100,000 of goods were stolen from Home Depot stores in Florida by swapping out the barcodes for lower-cost items at self-checkouts, the state's attorney general said. On Home Depot's website, the roof sealer currently retails at $119 for a 0.9-gallon bucket or $349 for a 4.75-gallon bucket. Moody's Office of Statewide Prosecution charged Popat with one count of grand theft over $100,000, and Abad and Baglin with one count of grand theft over $20,000. Now, this group faces our Statewide Prosecutors and time in prison, where I can promise there is no self-checkout line."

Persons: —, Ashley Moody's, Vicky Popat, Christopher Abad, Christopher Eduardo Baglin, Henry 887 Tropi, Abad, Moody Organizations: Service, Home Depot, Statewide, Business, Statewide Prosecution, Depot, Statewide Prosecutors, Midwest Locations: Florida, Home, South, Central Florida

☆ LockBit: FBI and allies seize dark-web site of world’s most prolific ransomware gang
▼ + stars: | 2024-02-19 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —The FBI and its international allies have seized a dark-web site that the world’s most prolific ransomware gang has used to extort its victims, according to a message on the website viewed by CNN. The hackers claimed credit for a November ransomware attack that forced New Jersey-based Capital Health to cancel some patient appointments. LockBit also claimed responsibility for ransomware attacks on the Industrial and Commercial Bank of China and Fulton County, Georgia, in recent months. The US Justice Department also announced the indictment of two Russian men for deploying LockBit ransomware against victim organizations throughout the US, including against unnamed manufacturing firms. While there have been notable arrests and law enforcement seizures of millions of dollars’ worth of ransom payments, the ransomware economy continues to thrive.

Persons: LockBit, ”, cybercriminals, LockBit’s ransomware, Don Smith, Cybercriminals, ” Allan Liska, ” Liska, “ LockBit Organizations: CNN, FBI, Health, Industrial, Commercial Bank of China, National Crime Agency, LockBit, US Justice Department, Justice Department, Government Locations: New Jersey, Fulton County , Georgia, Australia, Germany, Eastern Europe, Russia, China, Secureworks

Here are some key findings from an Associated Press investigation into Rocha's alleged betrayal and the missed red flags that could have helped him avoid scrutiny for decades. Rodríguez told AP he believed at the time he received from the Cuban defector in 2006 was an attempt to discredit a fellow anti-communist crusader. It wasn’t just Rodríguez’s tipster — whom he refused to identify to the AP but says was recently interviewed by the FBI. Officials told the AP that as early 1987, the CIA was aware Castro had a “super mole” burrowed deep inside the U.S. government. The FBI and CIA declined to comment, and the State Department didn’t respond to requests.

Persons: Manuel Rocha, Félix Rodríguez, Rocha, “, ” Rodríguez, MANUEL ROCHA, ”, Fidel Castro’s, Fidel Castro, “ El, Liliana Ayalde, Castro, Evo Morales, Ayalde, retracing, “ Che ” Guevara, Rodríguez, tipster, Peter Romero Organizations: MIAMI, Ivy League, CIA, Cuban, Miami, FBI, State Department, Associated Press, WHO, Yale, of Intelligence, Authorities, The Taft School, Prosecutors, U.S, AP, Officials, . Locations: America, Cuban, Cuba, Chile, Colombia, New York City, Connecticut, Bolivia, U.S, Paraguay, Brazil, Latin America, Investigative@ap.org

Now, faced with unprecedented attacks in state legislatures, transgender rights leaders acknowledge they are playing defense — and two of the biggest groups are joining forces to counter the onslaught. “This is going to be a defense game — and a movement-strengthening game,” said Andy Marra, executive director of the Transgender Legal Defense and Education Fund. Many of laws ban gender-affirming medical care for trans minors or bar trans athletes from competing on girls’ and women’s scholastic sports teams. The national political environment — in regard to LGBTQ+ rights — has changed dramatically since then. Marra, who has been active in the LGBTQ+ rights movement for 20 years, says she remains optimistic in the face of current setbacks.

Persons: —, ”, Andy Marra, Rodrigo Heng, Lehtinen, Marra, Ken Paxton, Greg Abbott, Abbott, ” Marra, Heng, “, Lehtinen —, “ We’ve, He’s, Ileana Ros, Ros, Rodrigo, ” Ros, Bud Light, influencer Dylan Mulvaney Organizations: Transgender Legal Defense, Education Fund, Republican, National Center for Transgender Equality, Trans, Texas, Gov, GOP Locations: U.S, New York, Washington, North Carolina

☆ Rolling Stone’s editor-in-chief exits magazine after brief run over differences with top boss
▼ + stars: | 2024-02-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

In a note to staff, Wenner thanked Shachtman and said that he will begin a search for a new editor in the coming weeks. Shachtman added that while he was stepping down as editor, he would be a contributing writer for the magazine. Shachtman also emphasized that under his stewardship, Rolling Stone would not be afraid to take aim at some of music’s biggest names. The scandal ultimately led to Jann being removed from the Rock and Roll Hall of Fame. At the time, Rolling Stone described the comments as “offensive” and Shachtman published a piece examining the magazine’s history.

Persons: Noah Shachtman, Rolling Stone, Gus Wenner, ” Shachtman, Wenner, Shachtman, ” Wenner, Sean Woods, Lisa Tozzi, ”, “ I’ll, Jann, Stone Organizations: CNN, Rolling, Rolling Stone, Magazine, New York Times, Hall of Fame Locations: “, Shachtman

☆ We’re about to get investigators’ first report on the Alaska Airlines flight whose door plug blew off
▼ + stars: | 2024-02-06 | by ( Pete Muntean | ) edition.cnn.com time to read: +2 min

CNN —The National Transportation Safety Board will release its preliminary report Tuesday on last month’s blowout of a part of an Alaska Airlines Boeing 737 Max 9 flight, NTSB spokesman Eric Weiss told CNN. On a January 5 Alaska flight 1282, the door plug blew off the side of the plane. The door plug fills a space in the fuselage that can otherwise contain an emergency exit door when plane seats are arranged a certain way. CNN has reported that NTSB investigators have been closely scrutinizing the door plug and whether crucial bolts that hold it in place were properly installed when the incident occurred. Meanwhile, the head of the Federal Aviation Administration will tell House lawmakers Tuesday that his agency is “closely scrutinizing” Boeing after last month’s door plug blowout.

Persons: Eric Weiss, Mike Whitaker, Whitaker, “, ” Whitaker, ” Organizations: CNN, Transportation, Alaska Airlines Boeing, Max, Federal Aviation Administration, Boeing, NTSB, FAA Locations: Alaska, United States, Renton , Washington

☆ Thai court orders election-winning party to end its royal reform campaign in blow to voters who backed change
▼ + stars: | 2024-01-31 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +9 min

“This would effectively mean that the lese majeste law would become untouchable,” said Munin Pongsapan, associate professor at Thammasat University’s Faculty of Law. Sentences for those convicted under lese majeste can be decades long and hundreds of people have been prosecuted in recent years. Anyone – including ordinary citizens – can bring lese majeste charges on behalf of the king, even if they are not directly involved with the case. Protesters demanding royal reform wanted to abolish the lese majeste law, and to ensure the king is answerable to the constitution, with protesters scrutinizing Vajiralongkorn’s immense wealth and power. Move Forward’s predecessor, the Future Forward Party, came out of nowhere to win the third most seats in the 2019 election.

Persons: Pita Limjaroenrat, lese, ”, Munin Pongsapan, “, Munin, Parit Wacharasindhu, Stringer, Wiroj Lakkhanaadisorn, ’, Thitinan, ” Thitinan, lese majeste, Thais, King Maha Vajiralongkorn, King Bhumibol Adulyadej, Maha Vajiralongkorn, Anusak, turfing, Pita, Wednesday’s Organizations: Thailand CNN, Wednesday, Party, University’s, of Law, CNN, Anadolu Agency, Chulalongkorn University, Forward Party, Legal, Thai Lawyers for Human Rights, Lawmakers Locations: Bangkok, Thailand, Thai

☆ Amazon Scraps Deal to Buy Maker of Roomba Amid Regulatory Scrutiny
▼ + stars: | 2024-01-29 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +1 min

Amazon said on Monday that it was abandoning plans to buy iRobot, the maker of the self-driving Roomba vacuum, after regulators raised concerns the deal would hurt competition. antitrust regulators warned Amazon that they might try to block the deal because it could restrict competition in the market for robot vacuum cleaners. The Federal Trade Commission was also scrutinizing the deal. Amazon, which will pay iRobot a $94 million termination fee, said in a statement that “disproportionate regulatory hurdles” caused it to step away from the deal, which was first announced in 2022. IRobot’s products, which also include robotic mops and air purifiers, were to join a growing list of connected home products made by Amazon, including Ring home security systems and Echo smart speakers.

Organizations: Amazon, Foods, MGM Studios, European Union, Federal Trade Commission Locations: E.U

☆ FTC Chair Lina Khan on scrutinizing Big Tech AI deals: The goal here is to look 'under the hood'
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC Chair Lina Khan on scrutinizing Big Tech AI deals: The goal here is to look 'under the hood'FTC Chair Lina Khan joins 'Squawk Box' to discuss the why the agency is scrutinizing recent deals made between Big Tech giants and artificial intelligence companies, the impact on competition, and more.

Persons: Lina Khan Organizations: scrutinizing Big Tech, Big Tech

deals in the cross hairsTech giants like Microsoft, Amazon and Google have sought an edge in the artificial intelligence race by investing in innovative start-ups like OpenAI and Anthropic. But that strategy is drawing more attention, as the F.T.C. joins international counterparts in scrutinizing those deals. It’s the latest effort by the agency to check the power of Big Tech, but raises questions about whether it also will impede the ability of start-ups to raise needed cash. The big question: Do these deals hinder competition?

Persons: Sam Altman, OpenAI’s Organizations: Tech, Microsoft, Google, Big Tech

☆ FAA paves way for Boeing 737 Max 9 to resume flying, but it won't be 'back to business as usual' for the embattled aviation manufacturer
▼ + stars: | 2024-01-25 | by ( Erin Snodgrass | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The FAA subsequently grounded all models of the Boeing 737 Max 9 after the incident, leading to flight cancellations and frustration among airline executives. "Let me be clear: This won't be back to business as usual for Boeing," FAA Administrator Mike Whitaker said in a Wednesday statement. The agency has halted all further expansion production on Boeing 737 Max 9s until it is "satisfied" that the aircraft's quality control issues are resolved. In-house safety inspections of Alaska Airlines's fleet of Boeing 737 Max 9s following the initial incident revealed that there were "many" loose bolts found on the jets. The FAA's new safety guidelines for the 737 Max 9s come after a review of data stemming from 40 inspections of the grounded planes, the agency said.

Persons: —, Mike Whitaker, Max, Whitaker, Stan Deal Organizations: Service, Boeing, Max, Alaska Airlines, Business, Federal Aviation Authority, FAA, National Transportation Safety Locations: Alaska Airlines's, Alaska

Political Cartoons View All 253 ImagesMicrosoft’s years-long relationship with OpenAI is the best known of the partnerships. Google and Amazon have more recently made multibillion-dollar deals with Anthropic, another San Francisco-based AI startup formed by former leaders at OpenAI. The European Union and the United Kingdom have already signaled that they might also scrutinize the relationship with Microsoft and OpenAI. Antitrust advocates welcomed the actions from both the FTC and Europe into the deals that some have derided as quasi-mergers. The companies have 45 days to provide information to the FTC that includes their partnership agreements and the strategic rationale behind them.

Persons: OpenAI, ”, Lina Khan, Khan, Microsoft didn't, Matt Stoller, Satya Nadella, Kara Swisher, Sam Altman, Nadella, “, ” Nadella, Altman’s, It’s, They’re, Kelvin Chan Organizations: Google, Microsoft, U.S . Federal Trade Commission, FTC, Anthropic, OpenAI, European Union, Antitrust, Big Tech, American Economic Liberties, “, Intel, Bloomberg, Economic Locations: San Francisco, United Kingdom, Europe, OpenAI, Davos, Redmond , Washington, Iowa, Switzerland, London

Publicly listed data company LiveRamp's $200 million acquisition of data clean room provider Habu looks set to fire the starting pistol for a more buoyant year of adtech and martech M&A, experts have predicted. He noted that while ad teams aren't using these clean rooms en masse, many have activated them, which bodes well for the Habu acquisition. ID5's technology is deployed by the most online publishers of any identity service, according to Sincera , which measures which adtech companies are used across the industry. LiveRamp, also, could be an acquisition target, Salmon noted, as it builds out new data offerings like the clean rooms it will inherit from Habu. But not everyone is predicting the Habu acquisition will necessarily lead to an influx of M&A around cookieless adtech.

Persons: Conor McKenna, Luma's McKenna, Shailin Dhar, Dhar, Mathieu Roche, who've, InfoSum, Myles Younger, Dan Salmon, Wayne Blodwell, ID5, Roche, " Roche, Salmon, Elgin Thompson, hasn't, Thompson Organizations: Business, LUMA Partners, FIT Holdings, Companies, New, Research, Impact Media, Citizens JMP Securities, Walmart Locations: adtech, LiveRamp, Habu

☆ NASA says the solar eclipse cutting from Texas to Maine in April 2024 will be way cooler than any before it. Here's why.
▼ + stars: | 2024-01-20 | by ( Jenny Mcgrath | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

If this sounds familiar, it's because in 2017, a 70-mile-wide band of the US saw a total solar eclipse, while many other areas saw a partial eclipse. But the total eclipse coming in April will be even cooler, excited NASA scientists told reporters at an American Geophysical Union meeting. Over 30 million people will be able to see the total solar eclipseA young woman looks through special eyewear to a solar eclipse. A map showing where the moon's shadow will cross the US during the 2023 annular solar eclipse (in yellow on the left) and 2024 total solar eclipse (in purple on the right). Sertac Kayar/ReutersThis will probably be the most observed total solar eclipse in history.

Persons: —, Kelly Korreck, Korreck, Huang Shan, Nour, Albert Einstein's, Sertac Kayar, It's Organizations: Service, Business, American Geophysical Union, NASA, Getty, Johns Hopkins University, Reuters Locations: planetariums, Atlanta, Charlotte, North Carolina, Mexico, Canada, Dallas, Cleveland, Indianapolis, Xiamen, Fujian Province, China, Diyarbakir, Turkey

☆ The NRA wants your kid to love guns: programs promote 2nd Amendment absolutism to Kindergarteners on up
▼ + stars: | 2024-01-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Essays on "What the Second Amendment Means To You" can win $1,000 prizes for kids grades K-12. AdvertisementFor the National Rifle Association, no American is too young to join in their absolutist defense of the Second Amendment — and that includes Kindergarteners. "It's very dangerous for younger Americans to be indoctrinated with the viewpoint that the Second Amendment allows every American to lawfully possess a firearm," she said. Defense of the Second Amendment is a core mission for the NRA. The gun lobby also offers free training programs through an online education course in several states; the New Mexico and Alabama program takes kids 10 and up.

Persons: —, Kris Brown, Brady, Brown, Wayne LaPierre, Sarah B, Rogers, Letitia James, LaPierre Organizations: NRA, Service, National Rifle Association, Miami . Defense, Youth Education Summit Locations: Manhattan, Miami, New York, Washington ,, New Mexico, Alabama, Texas, Kentucky

☆ Feds crack down hard on selling of personal data without consent
▼ + stars: | 2024-01-19 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

CNN —The US government is coming down hard on a data broker accused of selling consumers’ detailed location histories without their consent, highlighting privacy regulators’ growing focus on a sensitive and revealing form of personal information. But InMarket never got those people’s informed consent before using that data for advertising, according to the FTC. In addition to banning InMarket from selling or licensing the data, it also forced the company to either delete all of its previously collected location data or to take steps to anonymize it. Policy experts have highlighted the potential for location data to reveal whether a person has sought certain medical care. “All too often, Americans are tracked by serial data hoarders that endlessly vacuum up and use personal information,” FTC Chair Lina Khan said in a statement on the InMarket settlement.

Persons: InMarket, ”, ” InMarket, “, Roe, Wade, Thursday’s, —, Lina Khan, “ We’ll Organizations: CNN, Federal Trade Commission, InMarket Media, FTC, Google Locations: Texas

☆ Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme
▼ + stars: | 2024-01-19 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. But in actuality, Jicha and two unnamed co-conspirators, both USI Tech executives, lured and defrauded investors in a "multilevel marketing scheme," prosecutors allege. Around the spring of 2017, Jicha and his co-conspirators began "aggressively promoting" USI Tech, prosecutors said. In 2018, as regulators began scrutinizing USI Tech, prosecutors alleged that Jicha terminated the company's U.S. operations, preventing investors from withdrawing their money. Since then, around $150 million of that money has been transferred to accounts controlled by Jicha, prosecutors said Friday.

Persons: Prosecutors, Horst Jicha, Jicha, Jicha's, It's, Descalzo, David Tarras Organizations: U.S, Eastern, of, USI Tech, Authorities, Prosecutors, Tech, SEC, Jicha Locations: of New York, Brooklyn, New York City, German, Miami, Valley Forge , Pennsylvania, U.S

☆ Amazon entertainment layoffs stir 4 big questions for insiders about the tech giant's Hollywood ambitions
▼ + stars: | 2024-01-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The layoffs hit Prime Video and the Amazon MGM Studios division, with many of the cuts related to Amazon's $8.5 billion acquisition of MGM in 2022, the second biggest deal in the tech giant's history. The layoffs, combined with other factors straining the entertainment business — from strikes to content spending pullbacks — have heightened concerns about the future of the company's entertainment ambitions. These are the questions that came up the most about that future, according to conversations with six people close to Prime Video and Amazon MGM Studios. As part of the layoffs, two MGM teams were integrated under Chris Brearton, a business-side exec who joined Amazon with the MGM acquisition in 2022. How will sports impact original content spending?

Persons: what's, Jen Salke, Freevee, didn't, Who's, Chris Brearton, Salke, Mike Hopkins, What'll, there's Organizations: Amazon, Amazon MGM Studios, MGM, Amazon's, Hollywood Reporter, Hollywood, Diamond Sports, MLB, NHL, NBA Locations: Salke, Africa, MENA, Northern, Central

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