US Sets High Bar to Settle Facebook Antitrust Suit: FTC Chair

US Sets High Bar to Settle Facebook Antitrust Suit: FTC Chair
FTC Commissioner nominee Lina M. Khan testifies during a Senate Commerce, Science, and Transportation Committee hearing on the nomination of Former Senator Bill Nelson to be NASA administrator, on Capitol Hill in Washington on April 21, 2021. Graeme Jennings/Pool via Reuters
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WASHINGTON—Federal Trade Commission Chair (FTC) Lina Khan, who promised tougher antitrust enforcement, said she would not rule out a settlement with Meta’s Facebook, which the agency sued in 2020, but indicated there was a high bar for any agreement.

In an interview on Tuesday, she also criticized what she said was a large number obviously illegal deals and added she was not a fan of agreements to remedy problematic mergers with asset sales. Nor does she like behavioral remedies, when companies pledge a particular policy change for a certain number of years.