Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump considers tax hike on Americans making $2.5...
GOP senators: Congress should vote on Trump’s potential...
White House highlights over $2B in savings from...
GOP talk on millionaire tax hike ‘makes no...
Trump’s first vice president urges his old boss...
Department of Justice opens criminal investigation into NY...
Trump claims ‘I don’t know her’ and ‘listened...
Rubio just got an additional job in Trump’s...
OpenAI’s Sam Altman thanks Sen John Fetterman for...
Former Supreme Court Justice David Souter dead at...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases

by admin January 8, 2025
January 8, 2025
FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases

Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending  antitrust lawsuits by her agency with a “sweetheart deal.”

But, “I can’t predict what future people in my position are going to do,” Khan said on CNBC’s “Squawk Box.”

Khan’s comments come as Amazon chairman Jeff Bezos and Meta CEO Mark Zuckerberg have made apparent efforts to curry favor with President-elect Donald Trump.

Those efforts have included $1 million donations to Trump’s inauguration fund, and Bezos and Zuckerberg separately visiting the president-elect at Mar-a-Lago, his Florida home.

CNBC’s Andrew Ross Sorkin asked Khan how she views those moves.

Khan said, “It is true that the FTC has been very successful, including in its ongoing litigations against Amazon and Facebook.”

“And so it’s only going to be natural that those companies are going to want to come in and see, can they get some type of sweetheart deal, right?” said Khan, an appointee of President Joe Biden.

“Can they get some type of settlement that’s cheap, that settles for pennies on the dollar and … lets them escape from a liability finding in court?” she said.

Asked if she saw that happening under the next administration, Khan said, “I hope it won’t.”

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

“We are set to go to trial against Facebook this spring, against Amazon in fall of 2026. Of course they would want a sweetheart deal, and I hope future enforcers wouldn’t give them that.”

Trump last month picked FTC Commissioner Andrew Ferguson to replace Khan, who as the agency’s boss has aggressively policed anticompetitive business practices.

This post appeared first on NBC NEWS

previous post
Trump reacts to Trudeau resignation: ‘Many people in Canada LOVE being the 51st State’
next post
Sierra Space CEO leaves as $5 billion company pushes to launch space plane

You may also like

OpenAI considering 16 states for data center campuses...

February 8, 2025

Spanish retailer Mango to open 60 new U.S....

November 27, 2024

John Deere to abandon Pride festival sponsorships following...

July 19, 2024

Retailers saw a dismal fall quarter. The election...

November 28, 2024

Spirit AeroSystems to furlough 700 workers as Boeing...

October 21, 2024

U.S. airlines cut growth plans in a bid...

July 31, 2024

Mike Tyson, Jake Paul fight was the most...

November 21, 2024

Boeing taps aerospace veteran Ortberg to replace Dave...

August 1, 2024

Donatella Versace steps down as head of Italian...

March 14, 2025

Rite Aid files for second bankruptcy in two...

May 6, 2025

Recent Posts

  • Trump considers tax hike on Americans making $2.5 million or more per year
  • GOP senators: Congress should vote on Trump’s potential Iran nuclear deal
  • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days
  • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says
  • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (712)
    • Investing (2,058)
    • Politics (2,553)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.