FTC versus Amazon
Behind the Money
Topher Forhecz
4.4 • 350 Ratings
🗓️ 11 October 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
In its latest fight to curb the power of Big Tech, the US Federal Trade Commission has sued Amazon. The regulator says the e-commerce giant has become such a big monopoly that its practices are hurting consumers and the third-party sellers that rely on its services. The FT’s San Francisco correspondent Camilla Hodgson explains what this case could mean for the company’s future.
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For further reading:
Amazon’s most prominent antitrust critic makes her case
What Lina Khan’s antitrust case could mean for Amazon
Amazon offers concessions over third-party sales to appease UK antitrust watchdog
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On Twitter, follow Camilla Hodgson (@CamillaHodgson) and Topher Forhecz (@ForheczT)
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Can I show this data? |
| 0:04.0 | Am I too late? |
| 0:05.0 | Find clarity in your investment decision-making. |
| 0:08.0 | Manage your portfolio for sustainable growth |
| 0:11.0 | and regulatory alignment |
| 0:12.0 | with the ultimate blend of powerful AI and |
| 0:14.6 | industry expertise. |
| 0:16.5 | Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on |
| 0:21.1 | facts, not opinions. |
| 0:23.0 | Clarity AI scaling human decisions through tech. |
| 0:26.6 | Visit clarity. |
| 0:27.7 | AI and take action today. |
| 0:29.9 | When Lena Khan became the chair of the U.S. Federal Trade Commission in 2021, |
| 0:37.0 | there was a lot of hype around how she would regulate big tech companies like Amazon. |
| 0:41.0 | She's been tracking Amazon for a long time and when she was appointed to this role, it perhaps set |
| 0:47.6 | off alarm bells in particular tech companies' minds and analysts that track these companies because clearly this is a focus |
| 0:56.1 | both company and sector for her. |
| 0:58.8 | She spent a lot of time going through the Amazon kind of business model in trying to understand whether and how it might |
| 1:05.5 | fall foul of antitrust laws. That's the F.T.'s Camilla Hudson. She reports on Amazon and |
| 1:11.5 | e-commerce. Camilla says one of the reasons why Khan knew so much about Amazon |
| 1:16.0 | was because Khan wrote this really buzzy paper about the company |
... |
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