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WSJ Tech News Briefing

TNB Tech Minute: FTC to Take Action Against Adobe for Hidden Fees

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 17 June 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, the U.S. Surgeon General calls for social-media warning labels. And Tesla sues a battery supplier over alleged trade secrets disclosure. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

O. C.I. is the single platform for your infrastructure, database, application development, and

0:05.3

AI needs. Do more and spend less like Uber, 8 by 8, and Databrics Mosaic.

0:11.4

Take a free test drive of OCI at oracle.com

0:14.4

slash Wall Street. Here's your Tn B Tech Minute for Monday, June 17th. I'm

0:21.9

Zoe Thomas for the Wall Street Journal.

0:25.0

The U.S. Surgeon General has called for warning labels on social media platforms.

0:30.3

In an op-ed for the New York Times, Dr Vivick Murphy said urgent action was needed to address a mental health emergency involving young people.

0:38.0

He said the warning labels should be similar to those on alcohol and tobacco products. The Surgeon General didn't name any

0:44.6

social media companies in the article. Tik-talk, Snapchat, X, and Meta platforms which owns

0:50.0

Facebook and Instagram didn't immediately respond to requests for comment.

0:55.1

Tesla has sued Matthews International, a supplier of electric vehicle batteries

0:59.7

for allegedly

1:02.8

disclosing its confidential trade secrets to other companies,

1:04.4

including competitors.

1:06.0

According to the lawsuit, Matthews breached its contract

1:09.2

and allegedly improperly filed patent applications

1:12.3

incorporating Tesla's trade secrets without the

1:15.0

EV Maker's consent.

1:17.0

Matthews said the claims are without merit and it intends to defend itself against them.

1:22.0

And the Federal Trade Commission has said it will be taking action against software maker

1:26.5

Adobe and two of its executives for allegedly deceiving customers.

1:31.2

The FTC said the company and its executives hit an early termination fee for its most

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