Deadlock podcast12/18/2023 ![]() All rights reserved.Ratchet & Clank is a series of action platformer and third-person shooter video games. The-CNN-Wire™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. “And it’s up to the antitrust agencies to make sure we are fully enforcing the laws and not allowing these incumbents to unlawfully maintain their monopoly with the use of these technologies.” “We have to be mindful that this is, once again, a moment where incumbents could face important competition,” Khan said. Khan declined to say how TikTok’s rapid rise may affect the FTC’s allegations that Meta has unlawfully monopolized the market for “personal social networking.” But she said it’s another example showing how new competitive threats can encourage anti-competitive lawbreaking by dominant companies. Since the suit was first filed during the Trump administration, the social media sector has continued to evolve, with Meta facing a rising threat from the short-form video platform TikTok. ![]() The FTC has previously declined to comment on the request. Meta has opposed the suit by saying the mergers at issue in the litigation were not opposed by the FTC at the time, and the company has called for Khan to recuse herself from decision-making surrounding the case, citing her earlier work on the congressional investigation of the tech industry. (Editor’s Note: Meta is reportedly in the process of selecting a site in Durham for an office location, and outgoing COO Sheryl Sandberg is visiting this week.) ![]() The FTC’s signature lawsuit involving the tech industry, an anti-monopoly suit against Meta, is not expected to go to trial until 2024 at the earliest. Whatever law Congress may come up with, Khan said, “we stand ready to enforce it.”įacebook’s parent company Meta planning ‘significant presence’ in Durham, sources sayĮven as the FTC seeks to position itself to address future mandates, it still has its hands full with the demands of today. While the Commission does not have a direct role in crafting the laws, Khan said the agency is prepared to offer lawmakers the expertise and knowledge of its staff, and called the bipartisan privacy proposal “an important step forward.” The draft legislation is viewed as a breakthrough in negotiations that have stretched on fruitlessly for years. Lawmakers are contemplating changes to US antitrust law that would erect new barriers between tech giants’ multiple lines of business and, separately, legislation that could establish the country’s first-ever national data privacy rights. “So that’s something we’re actively considering, alongside ongoing enforcement in that area.”Ĭongress could soon heap even more onto the FTC’s plate. “We’ve seen a lot of concern across the board on how endless data collection could be potentially leading to various harms for Americans,” Khan said. It is considering new rules and regulations surrounding anticompetitive business practices, an initiative that Khan said will likely look at restricting the use of noncompete clauses by employers.Īnd the FTC is also considering tougher rules on corporate data collection practices, which Khan said has become part of a wider “commercial surveillance” industry that grew particularly powerful during the pandemic. Teasing the likelihood of “significant enforcement actions,” Khan said the agency is continuing to work with the Justice Department to revamp the country’s merger guidelines. Khan said Wednesday the FTC is focused on three priorities amid a “very full agenda.” In May, Senate lawmakers filled the commission’s fifth and final position after a months-long delay, breaking a 2-2 partisan deadlock at the agency and enabling Khan to embark on more initiatives.įacebook loses court bid to halt FTC antitrust complaint Last year, President Joe Biden surprised many by not only nominating Khan to be an FTC commissioner, but to lead the agency. Khan is among the tech industry’s fiercest critics, having helped lead a 16-month congressional investigation of the sector and spurred a national debate over Amazon’s economic dominance with a Yale Law Journal paper highlighting the company’s impact. ![]() The remarks highlight how expansively the FTC views its mission as Khan seeks to reshape the US government’s approach to antitrust.
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