The Federal Trade Commission (FTC) has filed an antitrust lawsuit against Amazon, alleging that the company has used its market power to distort e-commerce across the internet. The lawsuit, backed by attorneys general from 17 states, including two Republicans, focuses on Amazon’s primary marketplace, Amazon.com. It accuses the company of …
Read More »Lina Khan Named Chair Of FTC By President Biden
The Senate confirmed Columbia Law professor Lina Khan to the Federal Trade Commission (FTC) in a 69 to 28 vote on Tuesday before she was named chair of the body by President Joe Biden. Khan has been a fierce critic of Amazon and other tech giants dominating multiple markets. She will …
Read More »Facebook Sued By Federal Government And States For Anti-Competitive Behavior
The Federal Trade Commission is looking to break up Facebook with a permanent injunction. The injunction will require the company to divest assets. “Personal social networking is central to the lives of millions Americans,” FTC’s Bureau of Competition Ian Conner said in a statement. “Facebook’s actions to entrench and maintain its monopoly …
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