Wednesday, January 8, 2025
HomePoliticsFTC Chair Lena Khan worries about Trump's Amazon, Facebook deals | Real...

FTC Chair Lena Khan worries about Trump’s Amazon, Facebook deals | Real Time Headlines

FTC Chair Lina Khan hopes Facebook and Amazon won't get 'sweetheart deals' from Trump 2.0

Federal Trade Commission Chairman Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parents Yuan Get out of unresolved dilemmas antitrust litigation “Sweetheart Deal” by her agency.

However, Khan told CNBC, “I can’t predict what someone in my position will do in the future.”scream box”.

Khan made the remarks as chairman of Amazon Jeff Bezos Chief Executive Officer of Heyuan Mark Zuckerberg obvious efforts please with the president-elect Donald Trump.

Those efforts include a $1 million donation to Trump’s inaugural fund and separate trips by Bezos and Zuckerberg to visit the president-elect at his Mar-a-Lago resort in Florida.

CNBC’s Andrew Ross Sorkin asked Khan what she thought of the moves.

“The FTC has been really successful, including with ongoing lawsuits against Amazon and Facebook,” Khan said.

“So it’s only natural that these companies want to come in and see if they can get some type of sweetheart deal, right?” said Khan, a presidential appointee. Joe Biden.

“Could they get some kind of cheap settlement, a settlement at a very low price … that would allow them to escape liability in a court of law?” she said.

Read more CNBC politics coverage

Asked if she would see this happen under the next government, Khan said: “I hope not.”

“But again, I couldn’t predict that,” she added.

“We plan to have a trial against Facebook this spring and a trial against Amazon in the fall of 2026. They certainly want a sweetheart deal, and I hope future enforcers won’t give them that opportunity.”

Trump appointed FTC commissioners last month Andrew Ferguson Khan, who succeeded Khan as boss of the agency, has been active in policing anti-competitive business practices.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments