Ferguson was a "known dissenter" under Khan "and many people feel under his leadership the antitrust case against Alphabet will come to an end", said Jay Woods, chief global strategist at Freedom Capital Markets.

Andrew Ferguson, who is already one of the FTC's five commissioners, will replace Lina Khan, who became a lightning rod​ for Wall Street and Silicon Valley.

Donald Trump has named current commissioner Andrew Ferguson as the new Federal Trade Commission (FTC) chair, the president-elect posted on Truth Social. Ferguson has previously decried what he called censorship by big tech and worked as an antitrust enforcer for the FTC and Department of Justice.