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Topic: Washington

The lawsuit, filed in U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon’s businesses. (REUTERS) News 

FTC Accuses Amazon of Overcharging Sellers and Inflating Prices

Febin Mathew,

On Tuesday, Amazon was hit with an antitrust lawsuit by the Federal Trade Commission and 17 state attorney generals. The lawsuit claims that the e-commerce giant leverages its market dominance to raise prices on other platforms, unfairly charge sellers, and suppress competition. The lawsuit, filed in the U.S. District Court for the Western District of Washington, is the result of a years-long investigation into Amazon’s business practices and one of the most significant legal challenges brought against the company in its nearly 30-year history. According to a press release sent…

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Clicking a link on X to one of the affected websites resulted in a delay of about five seconds before the webpage loaded, the Washington Post reported. (REUTERS) News 

X of Elon Musk Prevents Access to New York Times, Instagram, Facebook, and More

Jim Hendler, , , , , ,

According to a report from the Washington Post on Tuesday, Social media company X, previously recognized as Twitter, has postponed the availability of links to content from Reuters, New York Times, and competitors such as Bluesky, Facebook, and Instagram. Clicking on X’s link on one of the affected websites resulted in a delay of about five seconds before the webpage loaded, the Washington Post reported, citing tests it conducted on Tuesday. Reuters also saw a similar delay in tests it ran. By late Tuesday afternoon, X appeared to have cleared…

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Attorney Sam Enzer, center, sits between Heather Morgan, left, and her husband, Ilya "Dutch" Lichtenstein in New York. (Bloomberg) News 

Couple Agree to Plea Deal in US for Alleged Bitcoin Money Laundering

Nitin Misra,

According to a court filing and an individual familiar with the situation, a rapper active on social media, who referred to herself as the “Crocodile of Wall Street,” and her spouse have come to an agreement with prosecutors in a case related to the laundering of billions of dollars worth of stolen Bitcoin. Heather Morgan and Ilya Lichtenstein are scheduled to appear for an arraignment on Aug. 3, more than a year after they were charged, according to Friday in federal court in Washington. The pair were arrested in February…

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Senate Majority Leader Chuck Schumer, D-N.Y., arrives to talk to reporters about artificial intelligence, during a news conference after a closed-door meeting with fellow Democrats, at the Capitol in Washington, Wednesday, June 21, 2023. (AP) AI 

Democrat Urges Quick Action on AI Regulations to Spark a Revolution

Febin Mathew, , ,

Senate Majority Leader Chuck Schumer stated on Wednesday that the swift expansion of artificial intelligence tools is a pivotal moment of revolution, and emphasized the need for the government to promptly regulate companies involved in its development. The New York Democrat said he is working on “very ambitious” bipartisan legislation to maximize the technology’s benefits and mitigate significant risks. While Schumer did not reveal the specifics of such legislation, he did offer some key goals: protecting U.S. elections from AI-generated misinformation or interference, protecting U.S. workers and intellectual property rights,…

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