Big Tech is scared of Lina Khan
Recode Daily
Recode
4.6 • 1.3K Ratings
🗓️ 23 June 2021
⏱️ 10 minutes
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| 0:37.2 | For a few years now, Congress and regulatory agencies have been issuing warnings |
| 0:41.2 | for big tech. And in the past week, those threats got more real. On June 11th, |
| 0:46.7 | Congress introduced five antitrust bills that target Amazon, Apple, Facebook and |
| 0:50.8 | Google, and could potentially break up their core businesses. A few days later, |
| 0:55.4 | the White House appointed Lena Khan, a big enemy for big tech, as a commissioner of |
| 0:59.4 | the Federal Trade Commission. The agency then forces antitrust laws. Then, it made |
| 1:04.1 | her their leader. Here to explain is Trin Gaffari. |
| 1:12.8 | Hey, Shrin. Hey, Ronnie. So, Shrin, we've talked about her before, but for those who |
| 1:17.8 | don't know, who is Lena Khan? So Lena Khan is a legal scholar. And she's actually |
| 1:22.8 | the youngest person to ever join and furthermore lead the FTC. She's 32. And she's |
| 1:29.8 | really made a name for herself as a kind of expert on antitrust law. And someone who's been |
| 1:35.8 | a major, major critic of big tech. And it's alleged monopoly power. |
| 1:40.8 | I think one of the challenges is just the deep information asymmetries that exist |
| 1:44.8 | between some of these firms and enforcers and regulators. I think it's clear that in some |
| 1:51.8 | instances, the agencies have been a little slow to catch up to the underlying business realities |
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