FTC Settlement Won't Change Facebook's Behavior, Commissioner Slaughter Says

The transcript discusses the FTC's decision regarding Facebook's settlement, highlighting differing opinions on whether litigation would have been more effective in ensuring accountability and transparency. The commissioner argues for public litigation to deter future misconduct, while a colleague supports the settlement for its certainty. Concerns about Facebook's behavior, potential penalties for Zuckerberg, and the importance of children's privacy are also addressed. The FTC's role in antitrust investigations and the broader issue of Big Tech regulation are discussed, emphasizing the need for consumer protection and competition.

Why did the speaker oppose the Facebook settlement?

• They believed the fine was too high.

• They thought the settlement lacked transparency and accountability.

• They wanted to avoid any legal proceedings.

• They were concerned about the impact on small businesses.

What does the speaker suggest as an alternative to the settlement?

• Increasing the fine amount.

• Taking Facebook to court for public litigation.

• Negotiating directly with Zuckerberg.

• Reducing the injunctive relief.

What is one potential benefit of litigation mentioned by the speaker?

• It avoids media attention.

• It is less costly than settlements.

• It provides public accountability and transparency.

• It guarantees a favorable outcome.

How does the speaker view the role of the FTC in litigation?

• As a body working in the interests of the American public.

• As a mediator between companies.

• As an entity making expected value calculations.

• As a private corporation seeking profit.

What is the speaker's concern about the settlement's impact on Facebook's behavior?

• It will lead to more lawsuits.

• It will result in higher fines for other companies.

• It will not change Facebook's behavior significantly.

• It will increase Facebook's market share.

What does the speaker believe about the FTC's role in antitrust issues?

• It should address competition problems across the economy.

• It should prioritize small businesses over large corporations.

• It should focus only on tech companies.

• It should avoid involvement in antitrust matters.

What is the speaker's view on the concentration of power in the economy?

• It is only a problem in the tech industry.

• It should be ignored by the FTC.

• It is a dangerous issue across various sectors.

• It is beneficial for economic growth.