All articles tagged with #regulatory scrutiny
Originally Published 20 days ago — by NBC News
Instacart has ceased its 'item price tests' involving AI technology following public criticism and federal investigations into its pricing practices, amid concerns over price variability and past deceptive tactics, while retailers retain control over their own prices.
Originally Published 25 days ago — by CNBC
Shares of Instacart fell about 7% after reports that the FTC is investigating the company's pricing practices, particularly related to its AI-driven pricing tool, amid concerns over price variability and potential consumer impact.
Originally Published 2 months ago — by CNN
Paramount Skydance CEO David Ellison is persistently pursuing a takeover of Warner Bros. Discovery, viewing it as a strategic move to build a media empire, with potential political advantages linked to Trump administration support, despite WBD's rejection of his offers and concerns over regulatory hurdles globally.
Originally Published 3 months ago — by Bloomberg.com
StubHub Holdings Inc. priced its IPO at $23.50 per share to raise $800 million, valuing the company at $8.64 billion, amid a strong US IPO market and ongoing regulatory scrutiny of the ticket industry. The company aims to expand into new ticket issuance and has a significant ownership stake retained by co-founder Eric Baker. The IPO is led by JPMorgan Chase and Goldman Sachs, with trading expected to start on the NYSE under the symbol STUB.
Originally Published 4 months ago — by TipRanks
OpenAI is considering relocating from California due to regulatory and political challenges related to its plan to convert into a for-profit entity, which is crucial for securing funding and advancing AI development, but faces opposition from regulators, nonprofits, and a lawsuit from Elon Musk.
Originally Published 4 months ago — by BeInCrypto
The Trump family is involved in a controversial $750 million crypto deal linked to the WLFI token, which could significantly impact their fortune. The deal involves circular transactions with Alt5 Sigma, raising transparency concerns, and the WLFI token is set to debut amid regulatory and market scrutiny, with potential for high volatility and controversy.
Originally Published 5 months ago — by CBS News
The U.S. Coast Guard report reveals that OceanGate used intimidation tactics to evade regulation before the Titan submersible tragedy, which resulted in five deaths. The investigation criticizes the company's safety culture, design flaws, and ignored warnings about hull damage, with blame largely placed on co-founder Stockton Rush for negligence. The incident highlights preventable safety failures and regulatory challenges.
Originally Published 5 months ago — by TechCrunch
Lina Khan, former FTC chair, celebrates Figma's successful IPO as validation of her approach to scrutinizing tech mergers, highlighting the importance of fostering independent growth over acquisitions, despite some critics attributing Figma's success to its innovation rather than regulatory influence.
Originally Published 5 months ago — by The New York Times
UnitedHealth, once a dominant force in healthcare, has faced significant setbacks including cyberattacks, investigations, leadership changes, and public distrust, leading to a decline in investor confidence and challenges in maintaining its long-term growth and reputation.
Originally Published 6 months ago — by Gizmodo
Google disrupted OpenAI's $3 billion deal by poaching key talent from Windsurf and licensing its technology, exemplifying a trend of 'non-acquisition' strategies in Silicon Valley's AI race, which allows tech giants to gain competitive advantage while navigating regulatory challenges.
Originally Published 6 months ago — by AMBCrypto
OKX, a major crypto exchange, faces user complaints over account freezes and strict compliance measures, with its CEO acknowledging high false-positive rates in its risk control system. The company is under increased regulatory scrutiny, especially in the U.S., and is working to improve user experience while maintaining compliance.
Originally Published 6 months ago — by Reuters
Shares of the French payments company Worldline plummeted over 41% after media allegations that it covered up client fraud to protect revenue, despite the company's claims of strengthening controls and conducting a thorough review. The company faces regulatory and reputational challenges, with its stock reaching record lows and a significant loss in market value since 2021.
Originally Published 7 months ago — by TipRanks
UnitedHealth faces short-term challenges from regulatory investigations and rising medical costs but remains cautiously optimistic due to its diversified business model, strong long-term healthcare trends, and strategic leadership, making it a potentially attractive investment despite recent volatility.
Originally Published 1 year ago — by Yahoo Finance
Nvidia has denied rumors of cutting exports to China amid ongoing regulatory scrutiny, including an antitrust probe into its acquisition of Mellanox Technologies. Despite these challenges, Nvidia is expanding its workforce in China, focusing on AI and autonomous driving technology. CEO Jensen Huang emphasizes "long thinking" in AI research to enhance problem-solving capabilities.
Originally Published 1 year ago — by Financial Times
Omnicom and Interpublic are in discussions to merge in a $30 billion deal that would create the world's largest advertising agency, surpassing Publicis and WPP. The merger, structured as a takeover of Interpublic by Omnicom, would result in a combined entity with over $20 billion in net revenue. The deal, which could be announced soon, is expected to face significant regulatory scrutiny due to overlaps in media and creative agencies. This move comes as traditional advertising firms face challenges from tech giants like Google and Amazon and the rise of AI tools in marketing.