The Federal Trade Commission just fined brain-game maker Lumos Labs for falsely claiming that its games can help people ward off the effects of aging and make them smarter.
The company accrued $67.5 million worth of investor funding, according to Crunchbase, after plenty of media coverage touting its memory-enhancing program. Then a 2014 article from the New York Times put a real damper on the hype, citing studies that cast doubt on whether brain games could really improve cognition.
