this post was submitted on 27 Sep 2023
98 points (100.0% liked)

News

23675 readers
4474 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

One day after filing a massive antitrust lawsuit against Amazon, Federal Trade Commission Chair Lina Khan defended the agency’s decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax on sellers.

In an interview Wednesday on CNBC’s “Squawk Box,” Khan said that the lawsuit is “fundamentally about protecting free and fair competition” and denied suggestions that the FTC is interested in punishing large companies for their success.

The lawsuit marks a major milestone for Khan’s FTC and has been long anticipated, given Khan’s own rise to prominence came from her 2017 Yale Law Journal note “Amazon’s Antitrust Paradox.” That article detailed Khan’s view of how the prevailing approach to antitrust enforcement at the time failed to account for the vast scale and network effects present in digital markets.

top 3 comments
sorted by: hot top controversial new old
[–] [email protected] 5 points 1 year ago (1 children)

I wonder who Amazon managed to tick off.

Amazon’s monopoly has been defended by the government up to recently, particularly in the field of ebooks.

Certainly not defending Amazon, but I’m wondering what the full story is.

[–] [email protected] 1 points 1 year ago

Somebody didn't get their kickback.

[–] [email protected] 2 points 1 year ago

Good to see her bouncing back and standing strong after the media dragged her through the mud a month or two ago when one of her cases was thrown out