By: City AM
June 16, 2021
Since taking over as European Commissioner for Competition in 2014, Margrethe Vestager has made her mission clear: to crack down on the ballooning power of Big Tech.
The ruthless competition czar has undoubtedly delivered on those ambitions, handing down high-profile fines running into the tens of billions of euros against the likes of Facebook, Apple, Amazon and Google.
But now the US looks set to gain its own Big Tech nemesis after President Joe Biden tapped high-profile antitrust researcher Lina Khan as the new head of the Federal Trade Commission (FTC).
Khan the campaigner
Lina Khan was this morning sworn in as the new chair of the FTC — the US regulator charged with enforcing competition law.
It came hours after she was confirmed by the US Senate for a seat on the five-year commission, and her term in charge will run until September 2024.