Lina Khan, who was tapped by President Joe Biden to lead the FTC, is set to be replaced by President-elect Donald Trump’s pick Andrew Ferguson.
Federal Trade Commission Chair Lina Khan said she hopes the Trump administration won't give Amazon and Facebook parent Meta a "sweetheart deal" in pending antitrust cases by her agency.
The FTC also alleges that Amazon is charging its sellers exorbitant fees, in many cases close to 50 percent of their revenue: “These fees harm not only sellers but also shoppers, who pay increased prices for thousands of products sold on or off Amazon,” the FTC argued in its filing.
Two men disguised as Amazon delivery employees reportedly beat a 66-year-old Savannah, Georgia, pub owner nearly to death with a sledgehammer-esque weapon on the morning of Jan. 11.
Amazon’s Retail Ad Service uses vast data to fuel ads, but do consumers give informed consent—or understand how their behaviors are tracked and monetized?
Two suspects allegedly posed as Amazon workers and brutally attacked an unsuspecting elderly homeowner with a sledgehammer for 8 minutes as part of a deranged home invasion in Georgia. Terrifying surveillance video captured the moment the two men approached George “Dirk” Hardison’s front door in Savannah, Ga. on January 11.
That said, 20% earnings growth is still impressive and is reason enough to own the stock, as long as it can be purchased at a fair price. Amazon currently trades at 36 times 2025 earnings, which is a bit pricey.
Meta will no longer take DEI considerations into account for purposes of hiring, training and picking suppliers, according to Axios.
Meta Platforms and Amazon are both rolling back diversity and inclusion (DEI) efforts, the latest in a string of major U.S. companies to withdraw from such work ahead of the White House comeback of Donald Trump, who has long railed against “woke” policies and diversity.
Amazon founder Jeff Bezos has had a contentious relationship with Donald Trump in the Washington Post. But things appear to have changed in recent months.
Shares of eBay soared Wednesday as Meta announced it will allow some listings to show up on Facebook Marketplace in Germany, France and the United States.
A handful of bullish factors are converging at the right time in the right way for all three of these companies.