FTC’s Khan Takes Aim At Amazon, Antitrust Lawsuit Looms

The Amazon delivery sign is seen on the exterior of the Amazon warehouse in Palmdale, California, on July 25, 2023. When they unionized, Amazon tried to get rid of them. In California, more than 80 delivery drivers are currently rebelling against the e-commerce giant, with a strike that could have major implications for the way it operates in the United States. For the past month, workers have been marching every morning in front of the warehouse in Palmdale, north of Los Angeles, to slow down the vans carrying the company's packages. (ROBYN BECK/GETTY IMAGES)

The Federal Trade Commission (FTC) is coming down hard on Big Tech. President Joe Biden-appointed commissioner Lina Khan is expected to soon file a new antitrust lawsuit against Amazon.com, Inc. (NASDAQ:AMZN) that risks breaking apart some parts of the company.

The FTC recently lost an antitrust lawsuit which tried to stop Microsoft Corp.’s (NASDAQ:MSFT) $69 billion acquisition of Activision Blizzard Inc. (NASDAQ:ATVI). The Department of Justice is reportedly reading an antitrust lawsuit against Apple Inc. (NASDAQ:AAPL) and has already sued Google’s parent company, Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), for monopolizing digital advertising technologies, in a case that now has 17 U.S. states involved.