May 24, 2024

Amazon will reportedly meet with regulators from the Federal Commerce Fee in an effort to move off a large antitrust go well with the company has been prepping.

FTC Chairwoman Lina Khan has been a longtime critic of Amazon. Underneath her management, the company has reportedly been stepping up its efforts to reign within the e-commerce and cloud firm, however The New York Instances experiences that Amazon is keen to keep away from a battle.

The Instances’ sources say that Amazon officers plan to fulfill with Khan, in addition to FTC Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya, subsequent week. It’s believed that the assembly will present Amazon one final likelihood to make its case as to why the FTC shouldn’t pursue authorized motion.

Amazon has more and more been beneath scrutiny as the corporate has pushed right into a plethora of industries, from healthcare to groceries to a film studio.

“It’s a watershed second,” mentioned Stacy Mitchell, a co-executive director of the Institute for Native Self-Reliance. “What we have to see from the F.T.C. is a case that targets the core of Amazon’s monopolization technique.”

At this level, nonetheless, it appears unlikely that Amazon will be capable of say something that may achieve dissuading the FTC.