Who is Lina Khan, the outgoing FTC chair who took on Silicon Valley? The Biden-appointee challenged Jeff Bezos’ Amazon and Mark Zuckerberg’s Meta during her tenure, but will reportedly resign soon
Lina Khan, the outgoing chair of the Federal Trade Commission, was appointed by US President Joe Biden to lead the antitrust agency and protect consumers against big tech companies forming monopolies
She has been called the voice of the “hipster antitrust” movement, with billionaire Silicon Valley investor Vinod Khosla saying she is not a “rational human being” and that she “doesn’t understand business”. But Lina Khan, head of the Federal Trade Commission and an associate professor at Columbia Law School, is no stranger to criticism – and certainly doesn’t shrink from the barbs thrown her way.
Nevertheless, in the coming weeks, Khan will reportedly resign from the commission she has been heading up since 2021, according to an internal memo seen by Reuters.
In what some have called a David and Goliath battle, Khan has been fearless in her pursuit of ensuring more regulation of and accountability for monopolies. Here’s how she has changed the landscape for dominant businesses.
What does the FTC role involve?
Khan, 35, was appointed FTC chair in 2021. Per The Guardian, the FTC aims to promote consumer protection and antitrust, or competition, laws in the United States and is responsible for preventing deals that could harm consumers. Before Khan’s appointment, the FTC was often criticised for allowing industries to merge, leading to fewer companies holding monopolies on critical services. According to Forbes, Khan’s appointment reset the competition agenda, leading to resistance from major companies.
Why has she angered big companies?
The Guardian has referred to Khan as Biden’s “most high-profile warrior”. As president, Biden repeatedly bemoaned the monopolisation of American business and enabled Khan to scrutinise big tech.