Business Insider: Amazon is finally terrified of someone in Washington. That’s great news for America.
It is not every day one of the most powerful companies in the world run by one of the richest men in the world shows its hand. But this week Amazon did just that when it filed a motion to request that Federal Trade Commissioner Lina Khan recuse herself from decisions regarding the company.
Amazon is anxious about Khan. This is good.
The FTC is currently reviewing both Amazon’s proposed acquisition of Hollywood studio MGM and its business practices in general,.This scrutiny has to potential to shine light on its predatory practices and blocking its ambition, especially with Khan at the helm of the FTC. As a law student at Columbia, Khan was well known for writing the definitive argument for Amazon’s monopoly status.
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“The broader lesson here and what’s actually exciting is that you have antitrust enforcers who are trying,” Matt Stoller, an anti-monopoly researcher and author of the book “Goliath, The 100 Year War Between Monopoly Power and Democracy”.