By David Shepardson WASHINGTON (Reuters) - Federal Trade Commission Chair Lina Khan - whose agency filed a long-awaited antitrust lawsuit against ...
By David Shepardson WASHINGTON - Federal Trade Commission Chair Lina Khan - whose agency filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday - published a major academicBy David Shepardson
Six years later, Khan, who became the FTC's chair in 2021, is leading the agency's antitrust charge against the online retailer. The FTC's lawsuit filed on Tuesday asks a court to consider forcing the company to sell assets to stop what it said was ongoing harm to consumers. The FTC on May 31 announced a $5.8 million settlement with Amazon's Ring doorbell camera unit after the agency said cameras had been used for spying on some customers. Amazon also agreed in May to pay $25 million to settle FTC allegations it violated children's privacy rights by failing to delete recordings by virtual assistant Alexa.
Since her 2017 article Amazon's market capitalization has more than doubled to $1.35 trillion as its revenue grew from $177 billion to $434 billion last year. The company has invested more than $530 billion in the United States since 2010 and now employs 1.54 million people.
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