Amazon.com set to meet with U.S. FTC ahead of potential antitrust lawsuit: Source

Amazon.com is set to meet next week with the U.S. Federal Trade Commission ahead of a potential long-awaited antitrust lawsuit against the retailer, according to a source familiar with the matter. The FTC began probing Amazon during former President Donald Trump's administration when the government decided to investigate Amazon, Google, Facebook and Apple for allegedly breaking antitrust law. Before becoming FTC chair, Lina Khan in 2017 wrote a Yale Law Journal article tiled "Amazon's Antitrust Paradox," that argued that the traditional antitrust focus on price was inadequate to identify antitrust harms done by Amazon. After the Trump Justice Department and FTC opened probes into Alphabet's Google, Meta's Facebook, Apple and Amazon, a House of Representatives panel released a major report that discussed how those companies dominate their industries. The FTC on May 31 announced a $5.8 million settlement with Amazon's Ring doorbell camera unit after the agency said cameras had been used for spying on some customers.