AT&T just paid a $105 million fine to the FTC to settle a cramming lawsuit where the company charged its customers bogus charges on their bills
FTC Leads Shutdown of 'Bogus' Bitcoin-Mining Rig Maker Butterfly Labs
Upon the FTC’s request, a federal court has ordered the shutdown of Butterfly Labs, which specializes in building computers for Bitcoin mining. The FTC says the company has delayed shipment or failed to deliver paid-for products, thereby resulting in losses to its customers.
T-Mobile Overtakes Sprint as No.3 Buyer of Smartphones in US
Since most people’s contracts are usually 2 years long, you don’t usually see any significant movements of subscribers from one carrier to another. They happen slowly and quarterly, after all, it would take at least 8 quarters for a company to theoretically lose all of their subscribers if every single person wanted to leave. So, it comes as little surprise that Sprint still holds the numbers 3 spot in terms of subscribers when compared to T-Mobile. Based on T-Mobile’s last earnings call, they ended the first quarter of this year up 2.4 million with nearly 50 million customers, coming ever closer to Sprint’s 54 million.
Snapchat Lied, Your Images are Saved, Settles with FTC
So, you know the whole premise that Snapchat is based upon? The fact that you can set a timer for an image and once that image’s time disappears, so does the image? And that somehow is supposed to prevent people from potentially saving those embarrassing or racy photos? Well, that was all a big fat lie. In a settlement that Snapchat has reached with the Federal Trade Commission (FTC) they have agreed to a whole host of regulations and oversight of the company’s privacy and security policies since they had misled consumers about both. In fact, Snapchat’s security and privacy will be monitored closely for
Comcast to Divest 3.9 Million Customers, 1.4 Million to Charter
In an attempt to placate the FCC, DoJ, FTC and basically every government agency on earth against their acquisition of Time Warner Cable, Comcast has announced that they will be divesting 3.9 million subscribers from the potential Comcast-TimeWarnerCable merger. This new announcement is a huge farce on the part of Comcast attempting to make it look like they’re seriously divesting from certain markets and giving subscribers to Charter. When in reality this new deal they are proposing actually muddies the waters further than a straight Comcast-TimeWarner acquisition and lines Comcast up for a quiet re-acquisition of those 3.9 million subscribers as well as “New Charter”
