Skip to main content

Market Overview

Trump Names Andrew Ferguson As Choice To Replace FTC Chair Lina Khan: Appointee Says He Will 'End Big Tech's Vendetta' Against Free Speech (Updated)

Share:
Trump Names Andrew Ferguson As Choice To Replace FTC Chair Lina Khan: Appointee Says He Will 'End Big Tech's Vendetta' Against Free Speech Updated

Editorial Note: The previous version of this article was published with an incorrect headline. We have updated the headline to accurately reflect the content and context of the story.

President-elect Donald Trump has named Federal Trade Commission Commissioner Andrew Ferguson as his choice for FTC chair on Tuesday, potentially reshaping the agency’s approach to tech regulation and antitrust enforcement.

What Happened: Ferguson, who joined the FTC in April and previously served as Virginia’s solicitor-general and chief counsel to Senate Republican leader Mitch McConnell, would replace current Chair Lina Khan.

Ferguson, responding to Trump’s announcement on X, pledged to “end Big Tech’s vendetta against competition and free speech” while promoting innovation. This stance suggests a potential shift from Khan’s aggressive enforcement approach, though Trump’s attorney general nominee Matt Gaetz has previously supported Khan’s tech industry lawsuits.


See Also: Biden Set To Block US Steel Sale To Nippon Steel: Report

Why It Matters: Under Khan’s leadership, the federal firm has aggressively targeted tech giants including Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), though it notably lost its bid to block Microsoft’s Activision Blizzard acquisition in 2022.

The announcement comes as the FTC pursues major antitrust investigations, including a reported probe into Microsoft Corp. (NASDAQ:MSFT) over alleged anti-competitive practices in its cloud computing business.

Read Next:

Image Via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

 

Related Articles (AMZN + GOOG)

View Comments and Join the Discussion!

Posted-In: Andrew Ferguson Donald Trump Kaustubh Bagalkote Lina KhanNews Economics Markets Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com