Hi,

Big Tech billionaire and Microsoft board member Reid Hoffman has donated
tens of millions of dollars to Democrats in recent years.^1

Now he's called for the firing of Federal Trade Commission Chair Lina
Khan, the most effective FTC chair we've had in decades.^2

We're not about to let that happen.

Lina Khan has battled corporate monopolies from Big Tech to Big Pharma.^3
Billionaires like Reid Hoffman want her fired because she's fighting to
protect everyday American families from corporate corruption and
price-gouging. We need to have her back!

Demand Progress Action has mobilized tens of thousands of people to
support Lina Khan's efforts to check corporate power. Now we need to step
up and defend her from these billionaire attacks.

[ [link removed] ]Will you donate $10 to support our work, including
defending FTC Chair Lina Khan against attacks from Big Tech billionaires?

[ [link removed] ]Donate $10

[ [link removed] ]Donate $20

[ [link removed] ]Donate $40

[ [link removed] ]Or, donate another amount

Under Khan, the FTC has fought monopolistic corporate power at every turn.
She's cracking down on exploitative anti-worker noncompete agreements,
gone after Amazon on wage theft, and sued Google for deceptive
advertising.^4,5

However, Khan's determination to diminish unbridled corporate power has
drawn enemies from Big Tech, Wall Street, congressional Republicans, Fox
News, the Wall Street Journal opinion page… you name it.^6

Reid Hoffman, a Microsoft board member, has a particular personal stake in
getting rid of Lina Khan. Earlier this year, Microsoft agreed to pay $650
million to the Hoffman-founded artificial intelligence company Inflection
AI. But Khan's FTC is currently scrutinizing the deal as a potential
violation of antitrust law.^7

So for Reid Hoffman, giving a few million dollars here or there to
politicians isn't much compared to the $650 million windfall if this deal
goes through.

Demand Progress Action has long regarded Khan as one of the fiercest and
most effective critics of Big Tech. She understands both the threats that
monopolies pose and how to use the tools of government to hold them
accountable

We need strong champions like Lina Khan in charge of the FTC, and at this
moment we need to defend her against Big Tech billionaire attacks. Will
you donate $10?

[ [link removed] ]Yes, I'll donate $10 to Demand Progress Action to defend
Lina Khan against Big Tech billionaire bullies and fight for other reforms
to break up corporate monopolies.

With gratitude,

The team at Demand Progress Action

[ [link removed] ]DONATE

Sources:
1. Open Secrets, "Donor Lookup: Reid Hoffman," [ [link removed] ]accessed August 1, 2024.
2. The Lever, "Dems' Billionaire Tech Donor Presses Harris To Fire
Antitrust Regulator," [ [link removed] ]July 25, 2024.
3. Common Dreams, "Democratic Party's Wall Street Donors Are Reportedly
Pushing Biden to Fire Lina Khan," [ [link removed] ]September 11, 2023.
4. The New York Times, "Lina Khan: Noncompetes Depress Wages and Kill
Innovation," [ [link removed] ]January 9, 2023.
5. The Intercept, "The Feds Take Big Tech to Court," [ [link removed] ]September 30,
2023.
6. American Economic Liberties Project, "The Wall Street Grumble,"
[ [link removed] ]July 24, 2024.
7. The Wall Street Journal, "FTC Opens Antitrust Probe of Microsoft AI
Deal," [ [link removed] ]June 6, 2024.
----------

PAID FOR BY DEMAND PROGRESS (<a href="[link removed]">DemandProgress.org</a>) and not authorized by any candidate or candidate's committee. Contributions are not deductible as charitable contributions for federal income tax purposes. Join our online community on <b><a href="[link removed]">Facebook</a></b> or <b><a href="[link removed]">Twitter</a>.</b>

You can unsubscribe from this list at any time: [link removed]