Message from @Ralin Storm
Discord ID: 651603567743991820
FTC will remain an ineffective appendage during his tenure. Same goes for the FCC.
you don't seem to grasp how this shit works
the FTC isn't the police
they don't go after individuals
endgame is more important to him, the net Win as it were. Hes all about winning aka feeding the arrogance
they file big-time class action lawsuits on behalf of consumers
who's saying they do, @ManAnimal ?
all social media has been put on notice
@Spooky wah?
so all these companies are going to react by banning EVERYTHING
else the FTC will sue them out of business
FTC typically drops a lawsuit against a major corp, get's some paltry compensation, sprinkles across affected customers as plaintiffs.
@ManAnimal wrong, they will need the army that helped them get to where they are to prevent COPPA. If they continue the banning then they lose, big
They're penalties are a fucking joke to multi-billion corporations.
platform vs publisher
not with the class-action lawsuits
@JaceRex just play it both ways like YouTube does
a $50b class action suit suddenly disappears if they have enough people backing them when the fees come in
Social Media have cut off their bridges
a complaint to the FTC is usually enough to make ANY corporation no matter HOW big to back off
because the FTC doesn't fuck around
incorrect; if the FTC targets a company, they don't ever make out with the fines even if they settle
@Jack of Trades Based WAH poaster
it's always a loss
@ManAnimal Social media, if they are smart, will start unbanning people like Sargon
they need him
Perspective matters here. FTC's largest suit was against FB this year at $5 billion.
FB's annual for 2018 was $65 Billion.
relevance?
they settled for 5 billion?
I'm highlighting that while the FTC can flex some authority, it's not going to damage social media substantially.
2019 settlement was 5 Billion
@Mersenne $50b per giant social media company, that will cripple them
so your statement is incorrect
Fat fucking chance. 5 Billion was their *largest* suit
if they SETTLED for 5 billion, this means they were SUED FOR ALOT MORE
Sure. And between lobbyists and lawyers, nothing came of it.
and they came to an agreement to avoid potentially loosing more
otherwise, why settle?
@ManAnimal and social media will not have the power behind their bargaining without unbanning the people they've removed from society