FTC Chair hopes Amazon, Facebook won't get 'sweetheart deal' from Trump in antitrust cases

Source: NBC News/CNBC

Jan. 7, 2025, 10:36 AM EST / Source: CNBC


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.

Read more: https://www.nbcnews.com/business/business-news/ftc-chair-khan-hopes-amazon-facebook-wont-get-sweetheart-deal-trump-an-rcna186569