FTC Chair Lina Khan defended the agency’s decision to pursue the company in an interview with CNBC’s “Squawk Box.”
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FTC Chair Lina Khan defended the agency's decision to pursue Amazon in an interview with CNBC's"Squawk Box."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.
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." That article detailed Khan's view of how the prevailing approach to antitrust enforcement at the time failed to account for the vast scale and network effects present in digital markets.Sign up for NBC Philadelphia newsletters.
Khan added that any remedies should take into account the aggregated harms that resulted from that scale in order to"fully restore competition." The FTC has yet to lay out in detail the remedies it would seek because it's focused on establishing liability, typically the first stage in a monopoly case.
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