Amazon founder Jeff Bezos donates $ 100 million to the Obama Foundation following clashes between Amazon and the Biden administration over antitrust issues.
Bezos’ $ 100 million donation to the Obama Foundation, made in honor of the late Representative John Lewis, is the foundation’s largest individual contribution to date, the Obama Foundation said in a press release Monday.
The donation comes after the House Judiciary Committee’s antitrust subcommittee introduced five bills last summer to tackle anti-competitive practices in the tech industry. The bills have been touted as a bipartisan effort to harness the power of dominant Silicon Valley corporations.
A bill sought to prevent tech companies from promoting their own products and services on their platform, a practice of which Google and Amazon have been accused. Another involved using data obtained from competitors to gain an advantage over them, a practice that Amazon has been the subject of an EU antitrust investigation.
In addition, Lina Khan, chairman of the Federal Trade Commission (FTC), is said to be investigating Amazon’s acquisition of MGM Studios for $ 8.5 billion. In June, Amazon asked Khan to withdraw from any FTC investigation into the company, reported New York Post.
Bezos’ nine-figure giveaway to the Obama Foundation was hosted by former Obama press secretary and current Amazon senior vice president of global affairs Jay Carney, according to a Puck News report.
The Obama Foundation has said that Bezos’ donation “will help broaden the reach of programming that reaches emerging leaders in the United States and around the world,” adding that Bezos “requested that the Plaza at the Obama Presidential Center be named the John Lewis Plaza. “
While the foundation was vague about where Bezos’ donation was going, she said the money would give “the next generation of emerging leaders” the “tools, resources and training to be the change they want to see in. the world, just as MP Lewis did.
“I am delighted to support President and Mrs. Obama and their Foundation in their mission to train and inspire the leaders of tomorrow,” Bezos said.
Earlier this month, former President Barack Obama traveled to Glasgow, Scotland for the COP26 climate conference to tell the “old folks” to “get out of the way”.
“From the perspective of the Obama Foundation, one of the things that excites me the most is seeing young activists around the world taking over and not just working in their own countries, but now forming a collective movement to across borders to tell the older generation that got us into this mess that we all have an obligation to get out of this, ”Obama said in a recorded video message.
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