CounterCorp @CounterCorp

“No #PBM gives data to clients. They contractually own the data. Healthcare data is very valuable, and PBMs can sell it, so it’s a good revenue stream for them. Plus, if the client doesn’t get its data, then it doesn’t know how poorly the PBM is actually working on its behalf.”💰

“Healthcare is broken because it’s structurally built wrong. It’s mostly built to serve [huge corporations] like #CVS, @Cigna, and @UnitedHealthGrp” whose “job is to make as much money as they can off the backs of American healthcare, and they actually do” inc.com/tim-crino/this…

77% of U.S. consumers reported experiencing a product or service problem in the past year — more than double the rate in 1976. 64% of customers with a problem say they feel rage, and a record high 50% say they’ve raised their voice to express displeasure. customercaremc.com/2025-national-…

The public-nuisance ruling comes five months after a New Mexico jury ordered @Meta to pay $375 MILLION in an earlier phase of the case, after finding the company had violated NM’s #consumerprotection law by misrepresenting the safety of @facebook and @instagram for younger users.

A New Mexico judge ruled in favor of the NM Attorney General’s contention that @Meta had created a public nuisance in the state by intentionally designing @facebook and @instagram to addict young users, and had failed to protect children on the platforms from sexual exploitation.

Corporate Crime Blotter @CorpCrimeBlot

2 weeks ago

A New Mexico judge ordered @Meta to pay more than $900 MILLION, and limit the time young people in the state can spend on its apps, significantly increasing the cost of a landmark child-safety verdict against the @facebook and @instagram parent corporation wsj.com/tech/meta-orde…

0 0 0 117 0

Internal @tiktok_us report: Using 10% of U.S. users (about 15 MILLION people) as an unchanged “baseline” group to test new algorithm safety measures led to the suicide of a teen, who was shown thousands of videos about loneliness, #depression, and despair. bloomberg.com/news/features/…

The EU has been taking steps to stem the flow of cheap imports from China through e-commerce platforms such as @AliExpress_EN, #Shein, and #Temu. In a separate case, the EU fined Temu $230 MILLION in 2026 for insufficient efforts to stop sales of illegal products on its platform.

Corporate Crime Blotter @CorpCrimeBlot

2 weeks ago

The EU cited Chinese online retailer @ShopTemu for ​not cooperating with investigators during a 2025 raid on its European headquarters ‌in Dublin, as part of a probe into government #subsidies. The firm could face fines of up to 1% of its annual turnover. reuters.com/business/retai…

0 0 0 77 0

The FTC also accused @HimsHersComms of “deceptive billing” and policies that made it difficult for customers to cancel, in violation of federal #consumerprotection laws. H&H did not deny the FTC claims, arguing that its #privacy policy lets users “choose how their data is used.”

FTC: Contrary to its own #privacy policy, @HimsHersComms used trackers provided by @Meta, @Snap and other tech and advertising firms — including @Microsoft, @Pinterest, @Reddit, and @X — that “captured and shared users’ health information,” and tracked user actions on its website

Corporate Crime Blotter @CorpCrimeBlot

3 weeks ago

The Federal Trade Commission is suing online healthcare firm @HimsHersComms for allegedly sharing its customers’ medical and healthcare information with advertisers and tech firms like @Meta and @Snap, and misleading consumers about its #privacy practices. techcrunch.com/2026/07/30/ftc…

0 0 0 108 0

The new iPhone operating system will reportedly allow financing providers to remotely put them in “restricted” mode that can block access to most apps and services until payment is made. The clock, phone, wallet, and other apps would remain accessible. 📵 macworld.com/article/319680…

Code found in a beta version of Apple’s forthcoming iPhone operating-system seems to indicate that if a consumer participating in the company’s new hardware-financing program misses a payment, @Apple will have the ability to restrict their iPhone usage. 🔒 bloomberg.com/news/articles/…

In 2005 @Samsung and @SKHynix pleaded guilty to engaging in a DRAM #pricefixing #conspiracy investigated by the U.S. Justice Department. #Samsung paid $300 MILLION and #SKHynix paid $185 MILLION in criminal fines, and several executives in both firms were convicted of conspiracy.

A “lawsuit alleges that Micron, Samsung and SK Hynix ‘simultaneously cut production, coordinated a pivot to high-bandwidth memory and exit from DDR3 and DDR4, and otherwise decreased and locked up conventional DRAM supply while prices [rose] with mind-blowing scale and rapidity.”

Corporate Crime Blotter @CorpCrimeBlot

a month ago

A #classaction lawsuit alleges oligopolist computer memory (RAM) suppliers @MicronTech, @Samsung, and @SKHynix coordinated DRAM production cuts that drove up prices — including huge spikes generally attributed to soaring demand for AI datacenter servers.💰 investors.com/news/technolog…

0 0 0 179 0

“More than almost any other company in the world, @Apple — with its huge reserves of cash and enviably high [30+ percent profit] margins – had the capacity to take the hit on this one. Raising its prices at this moment, and to this extent, was a choice.”💰 macworld.com/article/317163…

SEC Rule S7-2026-15 would let public companies hide bad numbers for six months at a time. Insiders dump their shares before disclosure, retail buys the bag. Comment is open until early July.

“Polls show CEOs are no longer as admired [or mythologized] as they once were, and there appears to be an increased risk of violence, highlighted by the killing of @UnitedHealthcare CEO Brian Thompson, and the attack on the home of @OpenAI CEO Sam Altman.” bloomberg.com/news/articles/…

The conglomerate that owns @Starbucks Korea apologized, withdrew the promo, and fired its CEO. It said employees used artificial intelligence to come up with the wording for the campaign, and were not aware of the context. An estimated 600–2,500 died in the 1980 Gwangju massacre.

Starbucks closed 2,000+ South Korean stores early for historical awareness / cultural sensitivity training after a “tank” campaign coinciding with the anniversary of its former military dictatorship’s use of tanks to crack down on pro-democracy protesters. nytimes.com/2026/06/22/wor…

It’s a defining feature of modern life: the steady grind of small hassles that eat away at our time, patience, and wallets. Everyday interactions that should be simple often turn into ordeals, leaving people feeling overwhelmed, ignored, or jerked around. groundworkcollaborative.org/work/taking-on…

An @ICIJorg investigation revealed @Merck’s essential business model of pricing opacity for its cancer drug #Keytruda, which it uses to impose costs high enough to strain #publichealth systems and encourage a flood of dangerous counterfeit pharmaceuticals. icij.org/investigations…