Business > Republicans

Rep. Paul Tonko calls for FTC to stop 'Grinch Bots' from ruining holiday shopping

1 month ago   |   By WGN TV

WASHINGTON - There's a growing army online, making holiday gifts and toys, more expensive.
"Certain items that children really desire are unaffordable because of the cyber bots operation," Rep. Paul Tonko said.
Tonko authorized a bill to stop so-called grinch bots and is also calling on the FTC to step in and prevent these bots from buying up merchandise and reselling at a profit.
"When you've cornered that market, you then have the power to perhaps double the price. Retailers will give us a range of activity that is far from just an incremental increase," Tonko said.
Supply chain...
Read more ...

 


Search by Tags

   Republicans      Market      Washington DC Bureau  


How the World's Second-Richest Man Lost $68 Billion in a Week

A bomb has gone off in the Indian business world, all thanks to a scrappy Wall Street short seller. Read more ...

ChatGPT just created a new tool to catch students trying to cheat using ChatGPT

School districts around the country say they are seeing the conversation around ChatGPT evolve quickly. Read more ...

In Photos: France Gripped By 2nd Round Of Massive Protests Against...

Half a million people protested in the streets of Paris Tuesday, pushing back on the government's plan to raise the retirement age from 62 to 64. Read more ...

How To Challenge Your Team Without Burning People Out

"There are healthy challenges, and there are challenges that cause harm and lead to irreparable loss." Read more ...

13 Best High-interest CDs and Savings Accounts Today: High-yield savings...

Our experts answer readers' banking questions and write unbiased product reviews. In some cases, we receive a commission from our partners ; however, our opinions are our own... Read more ...

Wife of doctor accused of driving his Tesla off a cliff with his family...

Emergency personnel at the site of the Tesla crash in Northern California near Devil's Slide. Sgt. Brian Moore/San Mateo County Sheriff's Office/Associated Press The wife of a... Read more ...

EV Makers Are Eliminating AM Radio, Infringing On Iconic Medium

Yes, you can stream AM radio stations on your smartphones and bring them into the car with you. But EV makers are threatening a cultural institution by beginning to eliminate... Read more ...

AI success is being limited by poor digital transformation

AI success is being limited by poor digital transformation

Developing AI systems that are connected across the enterprise is essential to successful AI implementation and digital transformation. Read more ...

Kenny Florian respects Jake Paul's interest in MMA competition: 'This isn't...

Jake Paul wants to compete in MMA, and that has caught the eye of a few veterans of the sport. Count former UFC contender and current PFL commentator Kenny Florian among the... Read more ...

Ex-Wagner mercenary who fled the war in Ukraine says commanders rounded up...

A pedestrian walks past a mural depicting the logo of the Russian mercenary 'Group Wagner' and a slogan in Russian on January 20, 2023 in Belgrade, Serbia. Srdjan... Read more ...