FTC Chair Lina Khan's Impact? Amazon Hires Dozens of Former FTC Officials
Portfolio Pulse from Anusuya Lahiri
Amazon has hired several former Federal Trade Commission (FTC) officials in preparation for an antitrust battle with the regulator. The company is facing charges of forcing third-party sellers to use its logistics network. The FTC has already filed three lawsuits against Amazon and may bring an antitrust suit to break up the company. Some speculate that the FTC may force Amazon to spin off its Amazon Web Services unit, divest its logistics business, or unwind significant acquisitions like MGM and Whole Foods.
June 30, 2023 | 12:07 pm
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Amazon's hiring of former FTC officials indicates the company is preparing for a serious legal battle. The potential outcomes of this battle, such as a forced spin-off of AWS or unwinding of major acquisitions, could significantly impact the company's structure and operations.
The news of Amazon hiring former FTC officials indicates that the company is taking the potential antitrust battle very seriously. The outcomes of this battle could have significant impacts on the company's structure and operations, potentially leading to a forced spin-off of AWS or unwinding of major acquisitions. This could disrupt the company's business model and negatively impact its stock price in the short term.
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