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MYSTERIOUS: 6 | Mind Blowing Facts

Amazon Gets Sued Bigly

Plus: Trump commits fraud, a hacker house cooks steak, progressive movements can't stop failing, and more...

Reason

‘Different set of rules’: how FTC head Lina Khan is fighting tech giants such as Amazon

Youngest ever Federal Trade Commission chief and antitrust scholar is suing Amazon in latest effort to take on big tech – not always with success

The Guardian - US

A threat to Amazon and a test of the FTC: is this big tech’s antitrust reckoning?

At the core of the case is whether the company used its position to disadvantage rivals and the power of the agency to rein in tech firms

The Guardian - US

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US government accuses Amazon of using its power to inflate prices

Federal Trade Commission and 17 states sue retail giant in major antitrust case

The Guardian - US

FTC Files Antitrust Lawsuit Against Amazon

Among the allegations, the agency charges that Amazon Prime subscribers are incentivized to make the most of their subscription by buying more products.

Reason

The FTC’s case against Amazon could set a dangerous precedent–and benefit other retailers

'The latest lawsuit against Amazon fulfills the agenda Chair Lina Khan brought to the FTC,' writes Ted Bolema.

Fortune

Amazon facing major anti-trust lawsuit for allegedly ripping off customers and suffocating competition

‘Amazon is a monopolist and it is exploiting its monopolies in ways that leave shoppers and sellers paying more for worse service,’ FTC chair Lina Khan said

The Independent UK

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Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers

The Federal Trade Commission and 17 state attorney generals filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition

The Independent UK

U.S. sues Amazon in a monopoly case that could be existential for the retail giant

The Federal Trade Commission and 17 states accuse Amazon of suffocating rivals and raising costs for both sellers and shoppers.

WEKU

Competition, Not Antitrust, Is Humbling the Tech Giants

The worst of the antitrust alarmism keeps proving untrue, as tech companies believed by some to be monopolies instead lose market share.

Reason

The Biden Administration's Antitrust Changes Would Be Great for Bureaucrats—and Bad for Consumers

The guidelines would ignore decades of academic findings about how firm concentration can have a positive impact on consumers' welfare.

Reason

Apple should buy ESPN from Disney for $50 billion, says analyst who calls a deal a ‘no brainer’

Disney’s CEO is searching for a ‘strategic partner’ for ESPN as he looks to adapt the sports network for the streaming era. Would he entertain an outright sale?

Fortune

The Chicago school economist who warned years ago of America's ‘business dynamism’ fading still sees 'something broken in the background'

Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.

Fortune

FTC’s Khan Takes Aim At Amazon, Antitrust Lawsuit Looms

FTC's Lina Khan to File Antitrust Lawsuit Against Amazon, Risking Breakup.

Zenger

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Reason

Judge Blocks Biden Administration's Strict Asylum Restrictions

Plus: Digital rights groups protest "bad internet bills," the FTC might be readying another lawsuit against Amazon, and more...

Fortune

Larry Summers ‘disappointed’ in FTC’s new merger guidelines. It’s not the first time he’s disagreed with the Biden admin

The former Treasury secretary has a track record of criticizing the Biden administration’s economic policies.

Fortune

Private equity’s favorite way to make acquisitions may be illegal, FTC chair Lina Khan says

FTC Chair Lina Khan said the agency is looking into whether roll-up strategies, often used by private equity firms, violate antitrust laws.

The Independent UK

Biden's White House is taking on corporate mergers, landlord junk fees and food prices

The Biden administration is proposing new guidelines for corporate mergers, taking steps to disclose the junk fees charged by landlords and launching a crackdown on price-gouging in the food industry

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WEKU

FTC and Justice Department double down on strategy to go after corporate monopolies

New guidelines from the FTC and Justice Department are part of a broader push to promote competition and limit what the White House sees as excessive consolidation.

Fortune

Are A.I. regulatory fears just an 'upsell' opportunity for Big Tech?

A.I. ethics, safety, and regulation concerns may just be another "upsell" opportunity for some tech firms.

Salon

The FTC chair taking on Big Tech

Republicans smeared Khan as a "bully" who is "misleading" the FTC. Here's why an FTC chair is enraging the right

Al Jazeera

ChatGPT creator OpenAI faces US probe over libellous output

US Federal Trade Commission asks startup to provide information about safeguards amid reports of defamatory content.

The Guardian - US

Republicans attack FTC chair and big tech critic Lina Khan at House hearing

Khan accused of giving herself ‘unchecked power’ by taking aggressive steps to regulate Twitter, Meta and Google

Windows Central

Explosive Exchange: FTC Chair faces off against hostile US Congress over Microsoft-Activision merger

The tax-payer funded U.S. FTC hasn't had much luck recently. FTC Chair Lina Khan was accused of "intentionally" taking cases it knew it would lose in a fraught hearing at the U.S. House of Representatives. Watch the clips here.

WEKU

FTC investigating ChatGPT over potential consumer harm

ChatGPT sees its first hint of regulation as the federal agency requests documentation about its business practices.

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