Credit cards
Loans
Banking
Mortgage
Safe
Credit Monitoring
Personal Finance
Small Business
Taxation
Help with low scores
Invest
SELECT
All cards
Find the card for you
The best credit cards
Best Credit Cards with Rewards
Best Travel Credit Cards
The best 0% TAP credit cards
Best Credit Cards for Balance Transfer
Best Credit Cards with Cash Back
The Best Welcome Bonuses for Credit Cards
The Best Credit Cards for Building Credit
SELECT
All loans
Find the private loan for you
The best personal loans
Best Debt Consolidation Loans
Best Loans to Refinance Credit Card Debt
The best loans with fast financing
The Best Small Personal Loans
The Best Major Personal Loans
The best personal loans to apply online
Better Student Loan Refinancing
SELECT
All banking services
Find the savings account for you
The Best High-Performance Savings Accounts
The best savings accounts from banks.
The best checking accounts of the big banks
The best current accounts without commissions
No overdraft on checking accounts
The Best Current Account Bonuses
The Best Money Market Accounts
Best CDs
Best Credit Unions
SELECT
All mortgages
The best mortgages
The Best Mortgages for a Small Down Payment
The Best Down Payment Mortgages
The best mortgages without origination fees
Best Mortgages for a Credit Score
Variable mortgages
Accepting a mortgage
SELECT
All insurances
The Best Life Insurance
The best home insurance
The Best Renters Insurance
Best Car Insurance
Travel Insurance
SELECT
All follow-ups
The best tracking services
Better coverage against identity theft
How to Increase Your Credit Score
Credit services
SELECT
All finances
Best budgeting apps
Best Expense Tracking Apps
Best Money Transfer Apps
The best apps and resale sites
Buy Now, Pay Later (BNPL) Applications
Better debt relief
SELECT
All Small Businesses
Best Small Business Savings Accounts
Best Checking Accounts for Small Businesses
Best Credit Cards for Small Businesses
Best Small Business Loans
Best Tax Software for Small Business
SELECT
All taxes
The best tax software
Best Tax Software for Small Business
Tax refund
SELECT
Everything you need for low credit scores.
The Best Credit Cards for Bad Credits
The Best Personal Loans for Bad Credit
Best Debt Consolidation Loans for Bad Credit
Personal loans if you have credit
The Best Credit Cards for Building Credit
Personal loans with a score of 580 or less
Personal loans with a score of 670 or less
The best mortgages for bad loans
The best loans for hardships
How to Increase Your Credit Score
SELECT
All investments
Best IRAs
Best Roth IRA Accounts
The best investment apps
Best Free Stock Trading Platforms
The best robo-advisors
Index funds
Investment funds
ETF
Obligations
In Lina Khan’s two years at the helm of the Federal Trade Commission, her call has been the most related to one company: Amazon.
So far, this is largely due to his viral 2017 Yale Law Journal article, titled “The Amazon Antitrust Paradox. “The document has caused a sensation in the antitrust network because it claims that the fashionable antitrust application has failed to master how tech giants like Amazon are able to dominate in a virtual world.
The article made Khan’s call ubiquitous in antitrust circles and helped her become the youngest chairwoman of the FTC. Once sworn in, Amazon insisted that Khan be recused from its antitrust investigations, pointing to his complaint beyond his activities. A similar attempt through Meta was rejected through a judgment in a separate case.
While the FTC has lashed out at big tech corporations under Khan’s government (for example, through its challenge to Meta’s proposed acquisition of Within Unlimited, a maker of virtual fitness apps, and a customer coverage lawsuit opposed to Amazon’s Prime service), those who stick to the company have long expected a lawsuit challenging Amazon’s alleged monopoly power.
That trial will now begin early this month, the Wall Street Journal and Bloomberg reported this week.
A challenge to Amazon’s alleged monopoly could lead to the dissolution of the trillion-dollar business, if the FTC sues and wins in court.
On Aug. 15, the FTC held a so-called last-rite meeting with Amazon, a source familiar with the matter showed CNBC, who was not legal to speak publicly about the personal discussions. Such meetings are the last step before commissioners vote on whether to take legal action, giving a company a chance to express its explicit views.
In this case, however, an agreement and appropriate responses were discussed, the source said, confirming the Journal and Bloomberg data.
The lawsuit most likely targets key elements of Amazon’s retail business, including fulfillment through Amazon, its fulfillment program, as well as costs charged through third-party distributors on its website, according to the Journal, citing anonymous sources. Even before Khan joined after the signing, FTC staff had begun asking Amazon distributors whether the company’s dominant position harmed competition, Bloomberg reported in 2019.
The FTC declined to comment on the reports. In the past, Amazon has declined to comment on the Journal article.
Subscribe to CNBC on YouTube.
WATCH: A look at Amazon’s new $2. 5 billion headquarters in Arlington, Virginia
Do you have confidential news? We listen to you.
Sign up for free newsletters and get more CNBC in your inbox
Receive this in your inbox and more information about our services.
© 2023 CNBC LLC. All rights reserved. A department of NBCUniversal
The data is a real-time snapshot. * Data is delayed for at least 15 minutes. Global financial and trade news, inventory market quotes, market insights and market analysis.
Data also by