Big Tech critic Khan becomes U.S. FTC chair
The HinduLina Khan, an antitrust researcher focused on Big Tech’s immense market power, was sworn in on Tuesday as chair of the U.S. Federal Trade Commission, a victory for progressives seeking a clampdown on tech firms who hold a hefty share of a growing sector of the economy. Previously, as a staffer for the House Judiciary Committee's antitrust panel, she helped write a massive report alleging abuses of market dominance by Amazon.com Inc, Apple Inc, Facebook Inc and Google parent Alphabet Inc. "We applaud President Biden and the Senate for recognizing the urgent need to address runaway corporate power," advocacy group Public Citizen said in a statement. "With Chair Khan at the helm, we have a huge opportunity to make big, structural change by reviving antitrust enforcement and fighting monopolies that threaten our economy, our society, and our democracy," Warren said in a separate statement. The Information Technology and Innovation Foundation, whose board includes representatives from tech companies, issued a statement warning that a "populist approach to antitrust" would "cause lasting self-inflicted damage that benefits foreign, less meritorious rivals."