{"id":2485973,"date":"2025-09-12T17:25:02","date_gmt":"2025-09-12T21:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/this-billionaire-could-gain-from-the-anti-monopoly-summit-hes-sponsoring\/"},"modified":"2025-09-12T17:29:20","modified_gmt":"2025-09-12T21:29:20","slug":"this-billionaire-could-gain-from-the-anti-monopoly-summit-hes-sponsoring","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/this-billionaire-could-gain-from-the-anti-monopoly-summit-hes-sponsoring\/","title":{"rendered":"This billionaire could gain from the &#8216;anti-monopoly&#8217; summit he&#8217;s sponsoring"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthis-billionaire-could-gain-from-the-anti-monopoly-summit-hes-sponsoring%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2485973&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>the article discusses billionaire Pierre Omidyar, founder of eBay, and his involvement in sponsoring the annual &#8220;Anti-Monopoly Summit,&#8221; which prominently targets large tech companies like Amazon. Omidyar, who retains significant wealth through his eBay holdings, stands to benefit financially and politically from antitrust enforcement against Amazon, a key competitor to eBay. The summit features notable speakers such as former Federal Trade Commission chair Lina Khan, known for her aggressive legal actions against Amazon, former Assistant Attorney General jonathan Kanter, and several progressive lawmakers and critics who advocate stricter antitrust measures against Big Tech.<\/p>\n<p>Omidyar&#8217;s philanthropic network, particularly the Omidyar Network and Democracy Fund, funds numerous organizations involved in antitrust advocacy, many of which are also sponsors of the summit. These groups, which have received significant funding from Omidyar, promote enforcement against Amazon and other dominant tech firms.The article highlights the potential conflict of interest where Omidyar&#8217;s efforts to curb Amazon&#8217;s market power could simultaneously enhance his own business and philanthropic influence. the piece portrays Omidyar&#8217;s sponsorship as part of a broader strategy aligning his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-green-commerce-nominee-should-commit-to-keeping-huawai-on-blacklist\/\" title=\"Rep. Green: Commerce Nominee Should Commit to Keeping Huawai on Blacklist\">financial interests<\/a> with political activism against monopolistic practices in the tech industry. <br \/> <!DOCTYPE html><br \/>\n<?xml encoding=\"utf-8\" ?><html><body><\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">This billionaire could gain from the &lsquo;anti-monopoly&rsquo; summit he&rsquo;s sponsoring<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1888972\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Pierre Omidyar made billions by founding the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-now-bans-books-that-treat-gender-dysphoria-as-mental-illness\/\" title=\"Amazon Now Bans Books That Treat Gender Dysphoria as Mental Illness\">e-commerce giant<\/a> eBay in 1995. Three decades later, Omidyar still relies on the online marketplace for a considerable share of his wealth and influence. Now, the billionaire is sponsoring a well-publicized conference headlined by individuals who have frequently attacked one of eBay&rsquo;s primary competitors: Amazon.<\/p>\n<p>The Omidyar Network, a giant in the left-of-center fundraising world, is listed as one of the sponsors of the annual &ldquo;<a href=\"https:\/\/antimonopolysummit.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">Anti-Monopoly Summit<\/a>.&rdquo; The summit&rsquo;s headliners include the likes of former Federal Trade Commission chair <a href=\"https:\/\/www.npr.org\/2023\/11\/03\/1197954506\/lina-khan-interview-amazon-ftc-antitrust-paradox-monopoly\" target=\"_blank\" rel=\"noreferrer noopener\">Lina Khan<\/a>, <em>American Prospect <\/em>executive editor <a href=\"https:\/\/inthesetimes.com\/authors\/david-dayen\" target=\"_blank\" rel=\"noreferrer noopener\">David Dayen<\/a>, former Assistant Attorney General of the Department of Justice&rsquo;s Antitrust Division <a href=\"https:\/\/www.justice.gov\/archives\/opa\/pr\/two-amazon-marketplace-sellers-and-four-companies-plead-guilty-price-fixing-dvds-and-blu-ray\" target=\"_blank\" rel=\"noreferrer noopener\">Jonathan Kanter<\/a>, and Rep. <a href=\"https:\/\/jayapal.house.gov\/2021\/06\/24\/big-tech-legislation-passes-judiciary-committee\/\" target=\"_blank\" rel=\"noreferrer noopener\">Pramila Jayapal<\/a> (D-WA), all of whom, among many others slated to be in attendance, have histories of advocating antitrust enforcement against Amazon.&nbsp;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/investigations\/3803895\/trump-go-after-organizations-foment-political-violence-experts-weigh-in\/\">Trump resolves to go after organizations that foment &lsquo;political violence.&rsquo; Experts weigh in on what that could mean<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/3805450\/internet-detectives-disinformation-naming-wrong-person-charlie-kirk-killing\/\">Internet detectives start disinformation frenzy after naming wrong person in Charlie Kirk killing<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/crime\/3805222\/antifascist-sayings-written-charlie-kirk-shooter-bullet-casings\/\">Antifascist sayings written on Kirk shooter&#8217;s bullet casings: &#8216;Bella Ciao&#8217;<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Both Omidyar&rsquo;s personal wealth and his political influence would stand to gain from antitrust enforcement against Amazon.&nbsp;<\/p>\n<p>Democracy Fund, one of the primary arms of Omidyar&rsquo;s philanthropic empire, has an endowment filled with eBay stock, tax filings <a href=\"https:\/\/projects.propublica.org\/nonprofits\/organizations\/383926408\/202313189349102036\/full\" target=\"_blank\" rel=\"noreferrer noopener\">show<\/a>. As eBay&rsquo;s stock price climbs, so does the power of Omidyar&rsquo;s nonprofit advocacy operation. Further, documents filed with the Securities and Exchange Commission in 2020 <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1079553\/000107955320000002\/xslF345X03\/edgardoc.xml\" target=\"_blank\" rel=\"noreferrer noopener\">indicated<\/a> that Omidyar held 23 million shares in eBay at the time.<\/p>\n<p>Khan, who is set to give the summit&rsquo;s keynote address, made a name for herself in the Biden administration through her antitrust crusade against Big Tech. Notable actions taken by Kahn against Amazon during her time at the FTC included a high-profile <a href=\"https:\/\/www.cnbc.com\/2023\/09\/27\/amazon-lawsuit-protects-free-and-fair-competition-ftcs-lina-khan.html\" target=\"_blank\" rel=\"noreferrer noopener\">lawsuit <\/a>alleging that the company&rsquo;s online marketplace used its alleged monopoly status to harm small businesses, <a href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/06\/ftc-takes-action-against-amazon-enrolling-consumers-amazon-prime-without-consent-sabotaging-their\" target=\"_blank\" rel=\"noreferrer noopener\">another lawsuit<\/a> against purportedly unfair Prime subscription practices, and a <a href=\"https:\/\/www.youtube.com\/watch?v=oaDTiWaYfcM\" target=\"_blank\" rel=\"noreferrer noopener\">wide range<\/a> of public criticism aimed at the tech and e-commerce giant.&nbsp;<\/p>\n<p>After graduating from law school, Khan secured a job as the <a href=\"https:\/\/www.law.columbia.edu\/faculty\/lina-khan\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-justice-department-nominee-faces-ethics-minefield-from-fathers-corporate-interests\/\" title=\"Biden Justice Department Nominee Faces Ethics Minefield From Father\u2019s Corporate Interests\">legal director<\/a><\/a> at the Open Markets Institute, an organization that is both <a href=\"https:\/\/www.openmarketsinstitute.org\/funders-and-supporters\" target=\"_blank\" rel=\"noreferrer noopener\">funded by Omidyar<\/a> and has <a href=\"https:\/\/www.openmarketsinstitute.org\/publications\/open-markets-amazon-our-years-of-work-to-address-amazons-monopoly-abuse\" target=\"_blank\" rel=\"noreferrer noopener\">sought<\/a> to bring antitrust enforcement against Amazon.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Pierre Omidyar. (Ramin Talaie\/Corbis via Getty Images)<\/figcaption><\/figure>\n<p>Other speakers at the Anti-Monopoly Summit who have been critical of Amazon include conservative journalist <a href=\"https:\/\/americancompass.org\/the-gops-embarassing-big-tech-performance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Saagar Enjeti<\/a>, Former Acting Assistant Attorney General of the DOJ&rsquo;s Antitrust Division <a href=\"https:\/\/www.economicliberties.us\/our-work\/transforming-antitrust-enforcement-how-aag-kanter-is-protecting-competition-across-the-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Doha Mekki<\/a>, former Federal Trade Commissioner <a href=\"https:\/\/www.theguardian.com\/us-news\/2025\/mar\/19\/alvaro-bedoya-trump-bezos-ftc-commissioner\" target=\"_blank\" rel=\"noreferrer noopener\">Alvaro Bedoya<\/a>, comedian <a href=\"https:\/\/www.youtube.com\/watch?v=TPVtCW3NZvM\" target=\"_blank\" rel=\"noreferrer noopener\">Adam Conover<\/a>, Sen. <a href=\"https:\/\/www.murphy.senate.gov\/newsroom\/press-releases\/murphy-and-nadler-lead-bicameral-letter-urging-national-labor-relations-board-to-reach-decision-in-cases-of-mistreated-amazon-delivery-drivers\" target=\"_blank\" rel=\"noreferrer noopener\">Chris Murphy<\/a> (D-CT), American Economic Liberties Project executive director <a href=\"http:\/\/www.economicliberties.us\/wp-content\/uploads\/2023\/11\/20230929-AELP-Amazon-Brief_FINAL.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Nidhi Hegde<\/a>, Rep. <a href=\"https:\/\/www.detroitnews.com\/story\/news\/local\/wayne-county\/2020\/05\/13\/tlaib-dingell-seek-federal-probe-amazon-site-conditions-amid-pandemic\/5187057002\/\" target=\"_blank\" rel=\"noreferrer noopener\">Debbie Dingell<\/a> (D-MI), Sen. <a href=\"https:\/\/www.vox.com\/2017\/7\/20\/16005394\/cory-booker-amazon-google-tech-antitrust-competition-mergers-trump\" target=\"_blank\" rel=\"noreferrer noopener\">Corey Booker<\/a> (D-NJ), Fordham University professor Zephyr Teachout, and former Consumer Financial Protection Bureau Director <a href=\"https:\/\/www.cnbc.com\/2019\/09\/13\/ftc-commissioner-rohit-chopra-on-big-tech-antitrust-investigations.html\" target=\"_blank\" rel=\"noreferrer noopener\">Rohit Chopra<\/a>.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3798720\/california-great-place-to-do-business-newsom-donors\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CALIFORNIA IS A GREAT PLACE TO DO BUSINESS &mdash; FOR NEWSOM&rsquo;S DONORS<\/strong><\/a><\/p>\n<p>In addition to directly sponsoring the Anti-Monopoly Summit, Omidyar also funds several of the other organizations sponsoring the event, many of which are themselves critical of Amazon. The <a href=\"https:\/\/projects.propublica.org\/nonprofits\/organizations\/201173866\/202403189349103435\/full\" target=\"_blank\" rel=\"noreferrer noopener\">American Economic Liberties Project<\/a> and <a href=\"https:\/\/demandprogress.org\/about\/\" target=\"_blank\" rel=\"noreferrer noopener\">Demand Progress<\/a>, two of the summit&rsquo;s other sponsors, received $250,000 and $445,000 from Omidyar, respectively, in recent years.&nbsp;<\/p>\n<p>Omidyar&rsquo;s potentially self-empowering anti-monopoly crusade extends well beyond a single conference. The Omidyar Network&rsquo;s <a href=\"https:\/\/omidyar.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">mission statement<\/a>, in fact, is to &ldquo;bend the arc of the digital revolution toward shared power, prosperity, and possibility.&rdquo; In service of this aspiration, the Omidyar Network&rsquo;s <a href=\"https:\/\/projects.propublica.org\/nonprofits\/organizations\/201173866\/202403189349103435\/full\" target=\"_blank\" rel=\"noreferrer noopener\">latest tax forms<\/a> reported over $29 million in grants to other organizations.<\/p>\n<p>In addition to tech-related grants, Omidyar&rsquo;s philanthropic network also <a href=\"https:\/\/www.influencewatch.org\/non-profit\/democracy-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">disburses significant funds<\/a> to left-of<a href=\"https:\/\/amzn.to\/3YuVZYV\" >-center voter mobilization efforts<\/a>, nonprofit media outlets, and efforts to oppose President Donald Trump.<\/p>\n<p>The Omidyar Network did not respond to a request for comment.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script> <\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Omidyar may benefit from anti-monopoly summit<\/p>\n","protected":false},"author":894,"featured_media":2485976,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/Pierre-Omidyar_b2.webp?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651,538],"tags":[63242,5684,4284,7778],"class_list":["post-2485973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","category-washington-examiner","tag-anti-monopoly","tag-billionaire","tag-business","tag-summit"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/11\/Pierre-Omidyar_b2.webp?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2485973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2485973"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2485973\/revisions"}],"predecessor-version":[{"id":2485978,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2485973\/revisions\/2485978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2485976"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2485973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2485973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2485973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}