Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Jan. 27, 2021

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Wed Jul 24 14:58:26 +0000 2019

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Brian Fung | @[email protected] @b_fung

That’s obviously less than the $5 billion it ultimately agreed to pay, but also a far cry from the double-digit billions the FTC initially sought as its opening position. — PolitiTweet.org

Posted July 24, 2019 Hibernated

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Brian Fung | @[email protected] @b_fung

Also new: Facebook’s opening offer to the FTC when they sat down to talk fines? $0, James Kohm, director of the FTC’s enforcement division, told me in an interview this morning. FB later upped that to $100 million, but its highest offer was only $1 billion. — PolitiTweet.org

Posted July 24, 2019 Hibernated

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Brian Fung | @[email protected] @b_fung

FTC Chair Joe Simons is addressing complaints the Facebook settlement is too weak. “Would it have been nice to get $10 billion?” he says. Sure, but “we would have to go to court” and come away with “far less relief.” "The only real world choice here was to take a settlement." — PolitiTweet.org

Posted July 24, 2019 Hibernated