government policy

DOJ Sues Google, Seeking to Break Up Online Advertising Business

DOJ Sues Google, Seeking to Break Up Online Advertising Business

The Justice Department is seeking the breakup of Google’s business brokering digital advertising across much of the internet, a major expansion of the legal challenges the company faces to its business in the U.S. and abroad. A lawsuit filed Tuesday, the Justice Department’s second against the Alphabet Inc. GOOG -1.98% unit following one filed in …

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Microsoft Prepares to Go to Battle With FTC Over Activision Deal

Microsoft Prepares to Go to Battle With FTC Over Activision Deal

Microsoft corporation MSFT -1.73% has signaled that it plans to contest the Federal Trade Commission’s lawsuit to block its $75 billion deal for Activision ATVI -0.38% Blizzard Inc., and is expected to argue that it is an underdog in game development. The personal computing company has been publicizing its position for months, saying the acquisition …

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FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy

FTX founder Sam Bankman-Fried oversaw one of the biggest financial frauds in American history, a top federal prosecutor said in charging that the former chief executive stole billions of dollars from the crypto exchange’s customers while misleading investors and lenders. An indictment by the U.S. attorney’s office for the Southern District of New York, unsealed …

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FTC’s Move to Block Microsoft’s Deal for Activision Blizzard Came Despite Charm Offensive

FTC’s Move to Block Microsoft’s Deal for Activision Blizzard Came Despite Charm Offensive

Microsoft corporation MSFT -0.80% had been working for nearly a year to calm regulators’ concerns about the acquisition of video game developer Activision Blizzard Inc., ATVI 0.54% But the Federal Trade Commission’s lawsuit to block the deal raised questions about the company’s commitment not to shut out rivals. This week, the FTC took one of …

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WSJ News Exclusive | Apple Plans New Encryption System to Ward Off Hackers and Protect iCloud Data

WSJ News Exclusive | Apple Plans New Encryption System to Ward Off Hackers and Protect iCloud Data

Apple Inc. AAPL -1.38% plans to significantly expand its data encryption practices, a step that is likely to lead to tensions with law enforcement and governments around the world as the company continues to build new privacy protections for millions of iPhone users. The expanded end-to-end encryption system, an optional feature called Advanced Data Protection, …

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Coinbase’s Rapid Rise Left It Exposed in Crypto’s Collapse

Coinbase’s Rapid Rise Left It Exposed in Crypto’s Collapse

Brian Armstrong, an early devotee of blockchain technology, built the cryptocurrency exchange Coinbase Global Inc. COIN 4.67% to be big. He hired employees by the hundreds, pushed into new markets and scaled up the number of digital tokens available on the platform. Coinbase became the largest crypto exchange in America and went public in spring …

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