• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

FTC chair hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases

by January 8, 2025
written by January 8, 2025

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.

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.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Why Zuckerberg killed fact-checking as he keeps cozying up to Trump
next post
Trump energy plan will avoid Europe’s energy disaster

related articles

Cracker Barrel shares plummet after pushback on new...

August 22, 2025

Walmart boosts sales outlook as it says tariff...

August 21, 2025

How a ship that glides like a pelican...

August 21, 2025

Apple just landed a key win for the...

August 20, 2025

Best Buy launches third-party marketplace as it looks...

August 19, 2025

Group accused of using fake accounts to buy...

August 19, 2025

Playboy moving its headquarters to Miami Beach and...

August 17, 2025

Lyft co-founders to step down from ride-hailing firm’s...

August 16, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Apple Watch getting redesigned blood oxygen feature following...

August 15, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • NBC ripped up its Olympics playbook for 2024 — so far, the new strategy paid off

    September 4, 2024
  • What’s Turo? The ‘Airbnb of cars’ was used in New Orleans and Las Vegas incidents

    January 3, 2025
  • Long CHWY: Chewy Inc. Surges on Wolfe Research Upgrade, Eyes $40 Target

    January 6, 2025
  • Vance issues ultimatum to Russia, Ukraine on peace negotiations

    April 23, 2025
  • House Pentagon funding bill would ban transgender treatments for minor children of military personnel

    December 12, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,789)
  • Investing (634)
  • Stock (894)

Latest Posts

  • S&P 500 and Nasdaq: The S&P 500 is up this morning

    August 30, 2024
  • The Euro index is increasing and the Yen index is stagnating

    July 15, 2024
  • Father and son fraudsters sentenced in case of $100 million New Jersey deli

    May 13, 2025

Recent Posts

  • Trump pick for Joint Chiefs chair tells Senate ‘element of surprise’ should be guarded amid Signal chat leak

    April 1, 2025
  • IonQ Stock Review: Should You Consider Investing Now?

    March 20, 2025
  • Trump-pardoned real estate mogul Charles Kushner confirmed for key diplomatic post

    May 20, 2025

Editor’s Pick

  • Pam Bondi, Trump’s pick for attorney general, praised as ‘loyal’ and ‘qualified’ for top US prosecutor role

    November 22, 2024
  • TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’

    July 8, 2025
  • Dem accuses Trump admin of ‘fire sale approach’ as GOP aims to lower federal gov’s real estate portfolio

    April 8, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock