Own Pyrex Measuring Cups? FTC Might Be Sending You a Check | Entrepreneur

October 8, 2024October 7, 2024 ~ knjohn ~ Leave a comment

If you bought Pyrex measuring cups recently, you might be eligible for a refund.

The Federal Trade Commission (FTC) is sending more than $88,000 in refunds to consumers after the agency took action against Instant Brands, the maker of Pyrex-brand kitchen and home products, in 2023. The FTC accused the company of claiming that all of its popular glass measuring cups were made in the U.S., but some were actually imported from China, according to an FTC press release.

The FTC says that “more than 110,000 units” of Chinese-made measuring cup sets were sold to U.S. consumers.

Bitcoin ATMs are a hotbed for scams, FTC says | TechCrunch

September 4, 2024September 3, 2024 ~ knjohn ~ Leave a comment

The Federal Trade Commission (FTC) published a report about increasing fraud at Bitcoin ATMs. These ATMs allow people to turn their cash into crypto, but they’ve become a tool for scammers to perpetrate fraud. Since 2020, the FTC says, fraud at Bitcoin ATMs has ballooned nearly tenfold, and just in the first half of 2024, consumers have lost over $66 million to these scams.

Scammers use tactics like fake phone calls, messages, and security alerts to convince people that they’re in danger, and that they should deposit cash into a Bitcoin ATM to protect it. Then, the scammer may share a QR code to scan at the Bitcoin ATM, which deposits the cash into the scammer’s wallet.

The FTC is suing to stop Meta from acquiring Within, a VR fitness company | Mashable

July 28, 2022 ~ knjohn ~ Leave a comment

In an era full of giant tech companies devouring smaller tech companies, the Federal Trade Commission is actually trying to stop one such acquisition.

The FTC filed a lawsuit on Wednesday to block Meta from acquiring the VR developer Within, per The Verge. Within is perhaps best known for developing Supernatural VR, a popular VR fitness app. The federal agency’s primary charge is that, in purchasing Within, Meta would be monopolizing VR fitness, given that it already owns another one of the most popular VR workout games in Beat Saber.

“Letting Meta acquire Supernatural would combine the makers of two of the most significant VR fitness apps, thereby eliminating beneficial rivalry between Meta’s Beat Saber app and Within’s Supernatural app,” the FTC’s complaint said.