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Climate COP26 Summit Amazon founder Jeff Bezos is donating $100 million to the Obama Foundation in the wake of Amazon clashing with the Biden administration over antitrust issues.
Bezos’ $100 million donation to the Obama Foundation, made in honor of late Rep. John Lewis, is the foundation’s largest individual contribution received to date, the Obama Foundation announced in a Monday press release. Jeff Bezos lectures normal people about climate change Pool/Getty) GLASGOW, SCOTLAND – NOVEMBER 08: Former US President Barack Obama delivers a speech while attending day nine of the COP26 at SECC on November 8, 2021 in Glasgow, Scotland. (Photo by Christopher Furlong/Getty Images) The donation comes after the House Judiciary Committee’s Subcommittee on Antitrust introduced five bills last summer aimed to curb anti-competitive practices in the tech industry. The bills have been presented as a bipartisan effort to rein in the power of dominant Silicon Valley companies.
One bill aimed to prevent technology companies from favoring their own products and services on their platform, a practice that Google and Amazon have been accused of. Another targeted the use of data obtained from competitors to gain an advantage over them, a practice that has made Amazon the subject of an EU antitrust investigation.
Moreover, Lina Khan, the Chairperson of the Federal Trade Commission (FTC), is reportedly probing Amazon’s $8.5 billion acquisition of MGM Studios. In June, Amazon demanded that Khan recuse herself from any FTC probes of the company, reported New York Post .
Bezos’ nine-figure gift to the Obama Foundation was arranged by former Obama press secretary and current Amazon senior vice president of global corporate affairs Jay Carney, according to a report by Puck News.
The Obama Foundation says Bezos’ donation will “help expand the scope of programming that reaches emerging leaders in the United States and around the world,” adding that Bezos “has asked for the Plaza at the Obama Presidential Center to be named the John Lewis Plaza.”
While the foundation was vague regarding what Bezos’ donation will be spent on, it said that the money will give “the next generation of emerging leaders” the “necessary tools, resources, and training […]
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