Categories: politicsUSA

FTC chair Lina Khan fears Trump deal for Amazon, Facebook

Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending antitrust lawsuits by her agency with a “sweetheart deal.”

But, “I can’t predict what future people in my position are going to do,” Khan said on CNBC’s “Squawk Box.”

Khan’s comments come as Amazon chairman Jeff Bezos and Meta CEO Mark Zuckerberg have made apparent efforts to curry favor with President-elect Donald Trump.

Those efforts have included $1 million donations to Trump’s inauguration fund, and Bezos and Zuckerberg separately visiting the president-elect at Mar-a-Lago, his Florida home.

CNBC’s Andrew Ross Sorkin asked Khan how she views those moves.

Khan said, “It is true that the FTC has been very successful, including in its ongoing litigations against Amazon and Facebook.”

“And so it’s only going to be natural that those companies are going to want to come in and see, can they get some type of sweetheart deal, right?” said Khan, an appointee of President Joe Biden.

“Can they get some type of settlement that’s cheap, that settles for pennies on the dollar and … lets them escape from a liability finding in court?” she said.

Read more CNBC politics coverage

Asked if she saw that happening under the next administration, Khan said, “I hope it won’t.”

“But again, I can’t predict that,” she added.

“We are set to go to trial against Facebook this spring, against Amazon in fall of 2026. Of course they would want a sweetheart deal, and I hope future enforcers wouldn’t give them that.”

Trump last month picked FTC Commissioner Andrew Ferguson to replace Khan, who as the agency’s boss has aggressively policed anticompetitive business practices.

cnbc

newsnetdaily

Recent Posts

Gleb Savchenko and Brooks Nader separate after a roasting, romance with the romance of the stars

It is officially finished for Gleb Savchenko and Brooks Nader, page six can confirm. "They…

2 minutes ago

Targeting the needs of the list of keys for the choice of 49ers in the first round

"The 49ers add the skills of Campbell's strength and protection to the left guard, with…

4 minutes ago

To defend his disabled wife, he cuts tires from 53 cars parked in points of disabilities.

Show the content table Hide the content table A husband frustrated in Chambéry, in France,…

5 minutes ago

Jennifer Garner’s black t-shirt is comfortable and easy

Jennifer Garner dresses for herself, and I mean that like the highest form of praise.…

7 minutes ago

The Polish delegation in the EPP challenges the right quarter directed by Manfred Weber – Politico

"I do not see the meaning," said Halicki, who is from the party of the…

8 minutes ago