Amazon is expected to have a meeting with the FTC before a potential antitrust lawsuit is filed against the company. The meeting, set to take place next week, will involve Amazon representatives discussing the government agency’s investigation into potential antimonopoly violations. The FTC, led by chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya, will hear Amazon’s arguments as they approach a decision on whether to proceed with the lawsuit.
The investigation into Amazon’s practices began in 2019, with the FTC interviewing third-party marketplace vendors to assess the impact of Amazon’s influence on competition. The potential lawsuit is likely to challenge various aspects of Amazon’s business practices, and if successful, it could result in a court-ordered restructuring of the company’s massive $1.3 trillion empire. It’s worth noting that this lawsuit is separate from a previous one filed in June, which accused Amazon of deceptive practices related to Prime subscriptions.
Lina Khan, the chair of the FTC, has been critical of Amazon for a long time. During her time as a law student at Yale, she authored a paper suggesting the need to rethink antitrust laws in response to Amazon’s dominant position. Khan’s perspective centers on the idea that antitrust laws should not solely focus on consumer prices but also consider other ways companies can gain unfair competitive advantages. Amazon has called for Khan’s recusal from the case due to her academic work and previous statements.
The Biden administration has expressed growing concerns about the influence of Big Tech companies, including Amazon. They aim to reverse what they perceive as years of insufficient oversight regarding corporate consolidation and market power. The DOJ has also taken legal action against other tech giants like Meta (formerly Facebook) and Google on multiple occasions.
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Frequently Asked Questions (FAQs) about antitrust lawsuit
What is the purpose of the meeting between Amazon and the FTC?
The purpose of the meeting is for Amazon to discuss the government agency’s investigation into potential antimonopoly violations ahead of a potential antitrust lawsuit.
When did the FTC start investigating Amazon?
The FTC began investigating Amazon in 2019 for its alleged use of influence to harm competition.
Who will be present at the meeting between Amazon and the FTC?
FTC chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya will be present at the meeting, along with Amazon representatives.
What could the potential antitrust lawsuit against Amazon entail?
The lawsuit is likely to challenge various aspects of Amazon’s business practices and, if successful, could lead to a court-ordered restructuring of the company’s $1.3 trillion empire.
What has been Lina Khan’s stance on Amazon?
Lina Khan has been a longtime critic of Amazon, advocating for a rethinking of antitrust laws in response to the company’s dominance. She believes antitrust laws should consider other ways companies can gain unfair competitive advantages, not just consumer prices.
How does the Biden administration view Big Tech companies?
The Biden administration has expressed growing concerns about the influence of Big Tech companies and seeks to reverse what it perceives as decades of lax oversight over corporate consolidation and market power.
Is this lawsuit the only legal action taken against Amazon?
No, this lawsuit is separate from a previous one filed in June that accused Amazon of deceptive practices related to Prime subscriptions.
Does BuyTechBlog have any affiliations with the products they recommend?
BuyTechBlog claims that all product recommendations are independent of their parent company. Some stories may contain affiliate links, and they may earn an affiliate commission if readers make purchases through those links.
Are the prices mentioned in the articles accurate?
Yes, the prices mentioned in the articles are correct at the time of publishing.
More about antitrust lawsuit
- New York Times: Amazon will reportedly meet with the FTC ahead of potential antitrust lawsuit
- Politico: FTC’s potential antitrust lawsuit against Amazon could lead to restructuring
- The New York Times: Lina Khan’s perspective on Amazon’s dominance and antitrust laws
- Bloomberg: Biden administration’s concerns about Big Tech influence
- DOJ: Lawsuits against Meta and Google over antitrust violations
- BuyTechBlog: Editorial team’s product recommendations and affiliate links disclaimer
4 comments
metoo into trouble too! DOJ suin’ Meta n google. FTC may challenge amazon’s biz practices, hope they fix stuff. lina khan been critical, hm.
wow, FTC checkin’ on amazon since 2019! gonna sue for antimonopoly stuff. lina khan ain’t a fan, she wants 2 rethink antitrust. big trouble!
amazon meeting ftc b4 possible antitrust lawsuit! chair lina khan n commissioners r gonna talk w/ amazon reps. big tech under biden’s eyez, uh-oh!
amazon might face a court-ordered makeover! FTC talkin’ 2 ’em next week, tryna avoid antitrust lawsuit. those prices in buytechblog stories r legit, yo.