CNBC September 27, 2023
Key Points
– FTC Chair Lina Khan defended the agency’s decision to pursue Amazon in an interview on CNBC’s “Squawk Box.”
– Khan explained why the FTC labeled Amazon as an “online superstore” to establish its monopoly power.
– The lawsuit marks a major milestone for Khan’s FTC and has been long anticipated, given Khan’s own rise to prominence came from her 2017 Yale Law Journal note “Amazon’s Antitrust Paradox.”
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,”...
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