Federal Trade Commission

AppWizard
March 2, 2026
A 63-year-old resident in Solon, Ohio, lost over a million dollars to a scammer posing as a cryptocurrency investment guru. The scam began with a friendly outreach on Facebook, which transitioned to WhatsApp for private conversations. Over several months, the victim was convinced to invest in what he thought was a legitimate opportunity. This incident reflects a broader trend, as the FBI reported that Ohioans aged 60 and older lost over a million to fraud in 2024. Meta Platforms is enhancing tools to detect and disrupt fraudulent activities on its platforms, including new warnings for screen sharing requests on WhatsApp. In the first half of 2025, Meta removed eight million accounts suspected of scams and shut down 21,000 pages impersonating legitimate businesses. Warning signs in the Solon case included initial contact from a stranger, a quick shift to cryptocurrency discussions, and unusually high promised returns.
AppWizard
February 26, 2026
New York Attorney General Letitia James has filed a lawsuit against Valve, the creator of Steam, regarding loot boxes in games like Counter-Strike 2, Dota 2, and Team Fortress 2, claiming they promote gambling behaviors among youth. The state seeks to stop Valve's use of loot boxes and impose financial penalties. The lawsuit argues that loot boxes resemble traditional slot machines and that items obtained can be traded for real-world value, with a virtual gun skin from Counter-Strike 2 reportedly selling for over a million dollars in 2024. The lawsuit claims Valve intentionally makes high-value items rare to increase their perceived worth and highlights the potential for addiction and illegal gambling, particularly among young people. Valve has not yet responded to the lawsuit.
AppWizard
January 26, 2026
Microsoft has filed a friend-of-the-court brief urging a federal court to maintain an injunction against Google, which requires the company to dismantle its alleged monopoly in the Android apps market, particularly regarding payment practices. This injunction stems from Epic Games' lawsuit against Google, initiated in 2020. On January 16, Microsoft submitted its brief ahead of a court hearing where Google and Epic are seeking modifications to a permanent injunction issued in October 2024. The proposed changes could allow Google to impose fees between 9% and 20% on app developers, which Microsoft argues would undermine the original intent of the injunction. A recent settlement between Google and Epic includes a partnership valued at 0 million over six years, but details remain confidential. Judge Donato is reviewing the settlement and has requested briefings from the FTC and appointed an expert witness for evaluation. Epic Games has also announced that its games app is now available on Google Play worldwide.
AppWizard
December 20, 2025
NGL was acquired by Mode Mobile, a company that monetizes user engagement through advertisements. NGL gained popularity in late 2021 but faced controversy for fostering bullying and employing questionable growth hacking strategies, including sending automated misleading messages. The FTC banned NGL's availability to minors after a two-year investigation and fined the app million for deceptive practices. Following the acquisition, the remaining three employees of NGL will join Mode Mobile. Mode Mobile has developed the “EarnPhone,” which allows users to earn money through everyday activities but relies heavily on advertising revenue. The specific terms of the acquisition are undisclosed.
AppWizard
November 19, 2025
Judge James Boasberg ruled that Meta, the parent company of Facebook, Instagram, and WhatsApp, does not have an illegal monopoly in the social media market. The Federal Trade Commission (FTC) failed to prove that Meta currently holds monopoly power, despite its past dominance. The emergence of competitors like TikTok and YouTube has created significant competition for Meta. The judge noted that consumers are increasingly spending time on these alternative platforms, which contributes to Meta's need to invest heavily to stay relevant. This ruling is part of a broader trend among major tech companies successfully navigating antitrust challenges in rapidly changing markets.
AppWizard
October 30, 2025
Claude Cummings Jr., president of the Communications Workers of America (CWA) union, has requested a thorough investigation by the Federal Trade Commission (FTC) and the Committee on Foreign Investment in the United States (CFIUS) regarding the proposed acquisition of Electronic Arts (EA) by a consortium of investors primarily funded by Saudi Arabia. He expressed concerns about job security for thousands in the gaming industry and the potential impact on market dynamics, urging regulators to evaluate how the acquisition could affect EA's market power and wage-setting authority. The acquisition would transition EA to private ownership under investors including the Saudi Public Investment Fund. The CWA previously supported the acquisition of Activision Blizzard by Microsoft after negotiating a labor neutrality agreement.
AppWizard
October 17, 2025
Saudi Arabia's Public Investment Fund, along with private equity firms, is acquiring Electronic Arts (EA) for a billion dollars, facing significant resistance from the United Videogame Workers-CWA union. The union has urged regulators to prioritize job protection, creative freedom, and accountability in decision-making. EA, with annual revenues of .5 billion and profits of billion, is not in distress, but concerns have been raised about potential layoffs, particularly at BioWare, a studio known for its progressive narrative approach. The union warned that job losses would be a choice made for investor profit rather than necessity. U.S. senators Richard Blumenthal and Elizabeth Warren have expressed concerns about national security risks related to the acquisition, but regulatory intervention seems unlikely due to a shift in the FTC's stance and the involvement of Jared Kushner in the deal. The union has initiated a petition to prompt regulatory examination of the acquisition.
Search