Amazon to Meet Regulators as U.S. Considers Possible Antitrust Suit
Amazon to Meet Regulators as U.S. Considers Possible Antitrust Suit
Amazon is scheduled to meet with members of the Federal Trade Commission next week to discuss an antitrust lawsuit that the agency may be preparing to file to challenge the power of the retailer’s sprawling business, according to a person with knowledge of the plans.
The meetings are set to be held with Lina Khan, the F.T.C. chair, and Rebecca Kelly Slaughter and Alvaro Bedoya, who are F.T.C. commissioners, said the person, who spoke on the condition of anonymity because the discussions are confidential.
The scheduled meetings signal that the F.T.C. is nearing a decision on whether to move forward with a lawsuit arguing that Amazon has violated antimonopoly laws. Such discussions are sometimes known as “last rites” meetings, after the prayers some Christians receive on their deathbed. The conversations, which are usually one of the final steps before the agency’s commissioners vote on whether to file a lawsuit, give the company a chance to make its case.
If the F.T.C. moves ahead with a lawsuit, it would be one of the most significant challenges to Amazon’s business in the company’s nearly 30-year history. As a $1.4 trillion behemoth, Amazon has turned into a major force in the economy. It now owns not just its trademark online store, but the movie studio Metro-Goldwyn-Mayer, the primary care practice One Medical and the high-end grocery chain Whole Foods. It is also becoming the world’s largest provider of cloud computing services.