The Federal Trade Commission reportedly forwarded a settlement offer last week to social media behemoth Facebook. The FTC began investigating Facebook over claims that the latter was violating the privacy of millions of users by changing the default value of several privacy settings without providing prior notice to subscribers.
The days of tax-free Internet shopping may soon be coming to an abrupt end, if two Republican senators have their way.
Sens. Mike Enzi of Wyoming and Lamar Alexander of Tennessee are currently preparing to introduce new legislation that would allow states to force Amazon.com and other out-of-state online retailers to collect sales taxes. Their bill has the backing of several key corporate retailers, including Wal-Mart Stores, Best Buy, Home Depot, and other companies that are currently required to collect sales taxes. At issue is whether online retailers should have to collect sales taxes in states where they’re making sales. Currently, online shoppers are supposed to report purchases for tax purposes but usually don’t.
Apple consumers began lining up Friday morning for a chance to purchase the technology giant’s latest innovation, the iPhone 4S. While the device closely resembles the iPhone 4, which Apple released last year, it features many intriguing specifics, and Apple reported that its sales topped four million units over the weekend in the United States, Canada, France, Germany, Japan, and the United Kingdom. Last year more than 1.7 million units of the iPhone 4 were sold in its first weekend.