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Amazon lawsuit protects ‘free and fair competition,’ says FTC Chair Lina Khan

Posted on AllSides September 27th, 2023
From The Center
Tom Williams | Cq-roll Call, Inc. | Getty Images

One day after filing a massive antitrust lawsuit against Amazon, Federal Trade Commission Chair Lina Khan defended the agency’s decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax on sellers.

In an interview Wednesday on CNBC’s “Squawk Box,” Khan said that the lawsuit is “fundamentally about protecting free and fair competition” and denied suggestions that the FTC is interested in punishing large companies for their success.

The lawsuit marks a major milestone for Khan’s FTC and has been long anticipated, given...

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https://www.cnbc.com/2023/09/27/amazon-lawsuit-protects-free-and-fair-competition-ftcs-lina-khan.html

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