Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.
Skip to main content

Breakingviews

New U.S. antitrust sheriff

2 minute read
1/2

Then FTC Commissioner nominee Lina M. Khan testifies during a Senate hearing on Capitol Hill in Washington, April 21, 2021. Graeme Jennings/Pool via REUTERS

WASHINGTON, June 16 (Reuters Breakingviews) - Lina Khan brings star power to her new gig as head of the U.S. Federal Trade Commission. At 32, she will be the youngest agency chief, and she has already made a splash as a law student by using expanded views on antitrust laws to target Amazon.com (AMZN.O) read more . Her high profile and intellectual heft make her a tough opponent for big technology firms.

The FTC has historically gone easy on Silicon Valley giants. On mergers, it seamlessly cleared Amazon’s acquisition of Whole Foods Market, Facebook’s (FB.O) purchases of WhatsApp and Instagram, and Alphabet (GOOGL.O) unit Google’s deal for YouTube. It was only last December when the agency sued Mark Zuckerberg’s firm for allegedly using its merger strategy to stifle competition.

Khan’s energy likely means she won’t be outgunned by massive firms with vast resources and deep pockets. After taking on Amazon while at Yale’s law school, she contributed to a blistering U.S. House Judiciary Committee report on the anti-competitive behavior of Big Tech. The companies policed by the FTC can no longer count on just slaps on the wrist. (By Gina Chon)

On Twitter http://twitter.com/breakingviews

Capital Calls - More concise insights on global finance:

Macron’s 2030 EU tech push is oddly modest read more

Mortgage IPO comes out swinging Down Under read more

Mizuho executives take pointless pay cuts read more

Corporate America blowback read more

U.S. and EU bury trade hatchet in China’s back read more

SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: <a href="http://bit.ly/BVsubscribe" target="_blank">http://bit.ly/BVsubscribe</a> | Editing by Lauren Silva Laughlin and Amanda Gomez

Breakingviews
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

More from Reuters