How to reel in tech powerhouse

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Long2themoon
2021-06-16

How to reel in tech powerhouse companies...

Big Tech critic Khan becomes U.S. FTC chair

WASHINGTON, June 15 (Reuters) - Lina Khan, an antitrust researcher focused on Big Tech’s immense mar

Big Tech critic Khan becomes U.S. FTC chair

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Long2themoon
·2021-06-17
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·2021-06-17
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The FTC has sued Facebook and is investigating Amazon. The Justice Department has sued Google.</p>\n<p>Ahead of Khan's appointment, Google and Amazon declined comment and Apple and Facebook did not respond to a request for comment.</p>\n<p>Biden previously selected fellow progressive and Big Tech criticTim Wuto join the National Economic Council.</p>\n<p>In 2017, Khan wrote a highly regarded article, \"Amazon's Antitrust Paradox,\" for the Yale Law Journal. It argued that the traditional antitrust focus on price was inadequate to identify antitrust harms done by Amazon.</p>\n<p>In addition to antitrust, the FTC investigates allegations of deceptive advertising.</p>\n<p>On that front, Khan will join an agency adapting to a unanimousSupreme Court rulingfrom April which said the agency could not use a particular part of its statute, 13(b), to demand consumers get restitution from deceptive companies but can only ask for an injunction. Congress is considering a legislative fix.</p>\n<p>Khan previously worked at the FTC as a legal adviser to Commissioner Rohit Chopra, Biden's pick to be director of the Consumer Financial Protection Bureau.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOG":"谷歌","AMZN":"亚马逊","NFLX":"奈飞","GOOGL":"谷歌A","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178647581","content_text":"WASHINGTON, June 15 (Reuters) - Lina Khan, an antitrust researcher focused on Big Tech’s immense market power, was sworn in on Tuesday as chair of the U.S. Federal Trade Commission, a victory for progressives seeking a clampdown on tech firms who hold a hefty share of a growing sector of the economy.\nHours earlier, the U.S. Senate had confirmed Khan, with bipartisan support.\nShe recently taught at Columbia Law School. 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