FTC's big swing at Amazon expected as soon as this month, reports say
CNBC 2023-09-06 17:10:14 • 3 mins
Key Points
- The Federal Trade Commission is expected to file an antitrust lawsuit against Amazon as soon as this month, The Wall Street Journal and Bloomberg reported.
- A challenge to Amazon's alleged monopoly could ultimately result in a breakup of the more-than-trillion-dollar business, should the FTC file the lawsuit and win in court.
- Khan made a name for herself in antitrust circles with her 2017 Yale Law Journal note, "Amazon's Antitrust Paradox."
In this article
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Federal Trade Commission (FTC) Chair Lina Khan testifies before a House Judiciary Committee hearing on "Oversight of the Federal Trade Commission," on Capitol Hill in Washington, July 13, 2023.
Kevin Wurm | Reuters
In Lina Khan's two years helming the Federal Trade Commission, her name has been most associated with one company: Amazon.
So far, that's largely been because of her viral Yale Law Journal article from 2017, titled "Amazon's Antitrust Paradox." The paper made waves in the antitrust community because it argued that the modern application of antitrust laws has failed to capture the ways tech giants like Amazon are able to dominate in a digital world.
