Skip to Content

Money

Amazon algorithm juiced prices, cost US consumers $1 billion, new FTC lawsuit documents allege

By Brian Fung, CNN Washington (CNN) — When the Federal Trade Commission and 17 states sued Amazon for antitrust violations this fall, a heavily redacted portion of the lawsuit referenced “Project Nessie,” a secret algorithmic pricing tool. The complaint offered few details on the program aside from disclosing its existence. Now, however, a newly unsealed

Continue Reading

National Association of Realtors CEO steps down, days after the trade group was found liable for conspiracy to inflate rates

By Anna Bahney, CNN Washington, DC (CNN) — Bob Goldberg, chief executive officer of the National Association of Realtors, the nation’s largest trade association, is stepping down, the organization announced Thursday. Earlier this week, a federal jury in Missouri found NAR and two brokerages conspired to keep real estate agent commissions artificially high and determined

Continue Reading

HBO chief Casey Bloys apologizes for directing staff to secretly troll critics on social media

By Liam Reilly , CNN New York (CNN) — HBO chief executive Casey Bloys apologized Thursday for directing staff to anonymously fire back at TV critics online, calling it a “very dumb idea.” On Wednesday, Rolling Stone published a report that cited text messages obtained as part of a lawsuit filed by former HBO executive assistant Sully Temori that showed Bloys asking

Continue Reading

News outlets take a more critical stance towards Israel Defense Forces as civilian deaths mount in Gaza

By Oliver Darcy, CNN (CNN) — News organizations are assuming a more aggressive posture toward Israel Defense Forces as it escalates its military operations in the Gaza Strip. While civilian deaths mount and the humanitarian crisis grows more severe in the Palestinian territory, spokespersons for Israel’s military are being confronted by anchors on live television,

Continue Reading

YouTube to stop repeatedly recommending certain types of content to teen users

By Clare Duffy, CNN New York (CNN) — YouTube is implementing new safeguards that could help prevent the platform from sending teen users down potentially harmful content rabbit holes. The platform plans to limit repeated content recommendations for videos on certain topics, including content that idealizes certain body weights, James Beser, director of product management

Continue Reading

NY Attorney General announces $328 million in settlement funds from Uber and Lyft for ‘taking earnings’

By Catherine Thorbecke, CNN New York (CNN) — Thousands of rideshare drivers in New York may be eligible to receive significant back pay from Uber and Lyft as part of a settlement announced by the state attorney general on Thursday. New York Attorney General Letitia James announced two settlement funds totaling $328 million with rideshare

Continue Reading
Skip to content