FTC is 'just getting started' as it takes on Amazon, Meta and more, Chair Lina Khan says
Source: ABC News
May 5, 2024, 10:27 AM
In the nearly three years since President Joe Biden appointed Lina Khan as chair of the Federal Trade Commission, the government agency has taken on some of America's largest corporations, filing lawsuits or taking other actions to challenge Big Tech, Big Pharma and Big Business.
"The FTC has been squarely focused on making sure we're using all of our tools and authorities to protect the American people from illegal business practices," Khan told ABC News "This Week" co-anchor Jonathan Karl in an interview that aired Sunday.
Tasked with enforcing the nation's antitrust laws and protecting consumers from unfair or deceptive business practices, the FTC under Khan has homed in on industry giants like Amazon, Meta and biotechnology company Amgen. But not every pursuit has been successful -- an attempt to block Meta from acquiring a virtual reality startup failed, for example -- and Khan told Karl that she believes there's still much more to do.
"In many ways it feels like our work is just getting started," she said, telling Karl that it "would be an honor" to be nominated for another commissioner term after her current term expires on Sept. 24.
Read more: https://abcnews.go.com/Politics/ftc-started-takes-amazon-meta-chair-lina-khan/story?id=109928219
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