Thursday, July 29

FTC

FTC, Justice Department, New Jersey, robocalls, Sales, Tech, Tech Insider, Weekend BI UK

New Jersey brothers who made 60 million robocalls to sell cesspool cleaners must pay $1.66 million penalty

Three New Jersey brothers settled for $1.66 million after making 59.6 million robocalls. "Hello, this is not a sales call or a solicitation," the robocalls began. About 63% of the numbers called were on the National Do-Not-Call Registry. LoadingSomething is loading. ...
Biden administration, doj, Economy, FTC, Jobs, Joe Biden, Labor, Politics, The White House, White House, Work

Biden’s executive order aims to stop businesses suppressing workers’ wages

Biden will issue an executive order Friday designed to stop firms collaborating to suppress wages. He will push the FTC and DOJ for tougher guidance to stop companies sharing wage and benefit data. Biden will call on the FTC to ban or limit non-compete agreements, per notes from the White House. LoadingSomething is loading. ...
$1 trillion club, $1 Trillion Market Cap, $1 trillion stock, Antitrust, Antitrust lawsuits, Facebook, Facebook stock, facebook stock price, FTC, Mark Zuckerberg, Market Cap, Market capitalization, Markets, Tech, Tech Insider

Facebook is now worth $1 trillion after a US court’s dismissal of 2 antitrust lawsuits spurs jump in stock

Facebook CEO, Mark Zuckerberg. Chip Somodevilla/Getty Images Facebook hit a $1 trillion valuation for the first time on Monday after an antitrust court victory. A US judge dismissed two lawsuits lodged against Facebook by the FTC and state attorneys general. The social-media giant is the youngest of five US companies to reach the trillion-dollar milestone. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Facebook leapt into the $1 trillion territory on Monday after an antitrust court victory helped its stock reach that valuation for the first time, making it the fifth US company to achieve the milestone. The social-media giant's stock closed 4.2% higher on Monday at $355.64 per share, after a US federal judge dismissed two complaints filed against the co...
Antitrust, BI Commentary, Brett Kavanaugh, College Sports, Department of Justice, Economy, FTC, Markets, NCAA, Neil Gorsuch, Opinión, permalancer, Policy, Politics, Sports, Supreme Court

I was a Division I college football player. The Supreme Court’s NCAA ruling isn’t just a huge moment for college athletes — it’s a major warning to America’s biggest businesses.

The Supreme Court's unanimous ruling on the NCAA's benefits limit for athletes is a big deal. The decision weakens the NCAA's grip on college sports and could open the door to fair compensation for athletes. It also sends a signal that the Court could be open to more antitrust actions in the future. This is an opinion column. The thoughts expressed are those of the author. See more stories on Insider's business page. In a remarkable decision delivered on June 21, the Supreme Court ruled that restrictions on education-related benefits offered to college athletes by universities violated antitrust law — in ess...
BI Commentary, Business School, Economy, Facebook, FTC, Instagram, Mark Zuckerberg, MBA, Opinión, permalancer, review, Stanford, start-ups, Strategy, Tech Insider, yale

Mark Zuckerberg’s reputation has gone from heralded genius to’worst Bond villain ever.’ So why do so many business school grads still want to be the next Zuckerberg?

Despite the declining reputation of Big Tech, many business school grads are setting out to become the next great tech founder. Tom Eisenmann, an entrepreneurship at Harvard Business School, set out to examine why so many grads are attracted to startup's in his new book "Why Startups Fail: A New Roadmap for Entrepreneurial Success." But beyond providing a few interesting case studies, Eisenmann fails to deliver insight on what is driving the continued move towards these "ill-considered, ill-fated ventures." This is an opinion column. The thoughts expressed are those of the author. See more stories on Insider's business page. ...