New York state law takes aim at personalized pricing
Businesses that use personalized pricing are now required to tell customers, “This price was set by an algorithm using your personal data.”
Businesses that use personalized pricing are now required to tell customers, “This price was set by an algorithm using your personal data.”
Khan’s appointment sends a message to the tech industry, whose most powerful players have already been critical of Mamdani, a Democratic socialist.
One post, authored by Khan’s staff, was published on January 3, 2025 with the title “AI and the Risk of Consumer Harm.” It noted that the FTC was “taking note of AI’s potential for real-world instances of harm – from incentivizing commercial surveillance to enabling fraud and impersonation to perpetuating illegal discrimination.”
A surprising figure is celebrating Figma’s successful IPO: Lina Khan, former chair of the Federal Trade Commission, who said the offering demonstrates the value of “letting startups grow into independently successful businesses.”