linakhan
Amazon has been accused of being an illegal monopoly by US authorities. The Federal Trade Commission has condemned the e-commerce giant for using a set of interlocking anticompetitive and unfair strategies" to increase prices and muffle competition in a new lawsuit. The Jeff-Bezos company called the claims wrong on the facts and law” and went on to outline how they looked “forward to making that case in court". The head of the FTC Lina Khan - who was appointed to the position in 2021 - has been pursuing Amazon for a number of years. For example, in 2017, she published an academic article that ...
BANG Showbiz English
Twitter has been fined £119 million for selling users’ data. The micro-blogging site has been issued with a whopping fine by the Federal Trade Commission and the Department of Justice after they say it violated a deal it had with regulators, say court documents. According to the documents, Twitter had agreed to not sell personal data - such as phone numbers and email addresses - to advertisers and that federal investigators say this promise was broken. The FTC - which seeks to enforce antitrust law and ensure consumer protection - accuses Twitter of breaking the terms of an order that banned t...
BANG Showbiz English
Following is the unofficial transcript of a CNBC and New York Times interview with Federal Trade Commission Chair Lina Khan. She was interviewed by Andrew Ross Sorkin, CNBC Anchor and New York Times columnist and DealBook Founder and Editor-at-Large, and Kara Swisher, host of The New York Times “Sway” podcast and a CNBC Contributor. The interview took place today during a special edition of CNBC’s “Capital Exchange” and the conversation with Khan will be featured on The New York Times “Sway” podcast. Q4 2021 hedge fund letters, conferences and more Lina Khan: Big Tech, Big Deals And A New Era ...
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