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The Role of Billionaire Blockholders in Stifling Competition in Corporate America /
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2024-05-29 06:57:18

The Role of Billionaire Blockholders in Stifling Competition in Corporate America on Nostr: US Judge Rejects Amazon's Bid to Dismiss FTC Lawsuit Over Prime Enrolments ...

US Judge Rejects Amazon's Bid to Dismiss FTC Lawsuit Over Prime Enrolments
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#726a0ff0 ver:0.17

US Judge rejects Amazon's bid to dismiss FTC lawsuit over Prime enrolments. FTC Chair Lina Khan emphasizes the impact of corporate concentration on competition and innovation. Critics argue progressive antitrust agenda could stifle innovation, while proponents argue it's necessary to prevent negative consequences of consolidation. FTC expands focus on antitrust issues, aligning with Biden administration's directive. Compliance and private equity roll-up strategies also raise concerns. President Biden issues executive order to promote competition and root out illegal pricing. Companies facing antitrust scrutiny funneled money to Sen. Shaheen, who proposed budget cuts to Antitrust Division. US judge denies FTC complaint alleging Amazon enrolled users in Prime without consent. #Antitrust #Competition #CorporateConcentration #Innovation #PrivateEquity #Compliance #BidenAdministration #IllegalPricing #BudgetCuts #AmazonPrime...

#newstr #Amazon #Ftc #Lawsuit #Prime #Enrolments #Antitrust

https://here.news/story/726a0ff0?ver=0.17
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