Interestingly both sides have now turned against Lina Khan. The Biden admin appointed her and loved her the first 1.5 years. But then she blocked some geopolitically important deals like Nvidia's attempt to buy ARM and the Biden admin's attempt to make Tiktok US into a legally independent US entity (but still owned by ByteDance). Now the Biden admin is treating her like she doesn't exist.
But I can't really blame her unless US laws are changed to say that mergers and acquisitions should be given more leeway for geopolitical reasons.
That seems fine. When a billionaire buys one of the largest social networks on the planet and takes it private, it's probably best for the FTC to look into that with heightened scrutiny.
(In unrelated news, FERC spends a lot more time looking at companies with huge oil-extraction operations, like BP, than at individual small independently-owned wells).
Interestingly both sides have now turned against Lina Khan. The Biden admin appointed her and loved her the first 1.5 years. But then she blocked some geopolitically important deals like Nvidia's attempt to buy ARM and the Biden admin's attempt to make Tiktok US into a legally independent US entity (but still owned by ByteDance). Now the Biden admin is treating her like she doesn't exist.
But I can't really blame her unless US laws are changed to say that mergers and acquisitions should be given more leeway for geopolitical reasons.
The House doesn't have authority to fire an Executive appointee.
They could, hypothetically, impeach her. If they can come up with a high crime or misdemeanor she's guilty of.
"Making a judgment call on allocating investigative resources" probably isn't that.
[flagged]
King of taxpayer-funded FTC disputes?
You know, you don't have to erase your message if you're going to leave your genius little username up alongside it.
That seems fine. When a billionaire buys one of the largest social networks on the planet and takes it private, it's probably best for the FTC to look into that with heightened scrutiny.
(In unrelated news, FERC spends a lot more time looking at companies with huge oil-extraction operations, like BP, than at individual small independently-owned wells).