this post was submitted on 16 Mar 2024
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Something might happen, maybe…
This FTC is really aggressive, so this is literally true, not just sarcasticly true.
They aren't hitting every pitch, but they are swinging a lot, and hard at that.
And more importantly, any indication of impending regulatory action tends to spook away investors who might not want to be on the hook for fines and forced changes to the business model that affect profitability. Yet another staple in the rotting cardboard casket of Huffman's favorite piggy bank.
FTFY.
He also 110% deserves to have his darling little piggy bank IPO ruined after the bullshit, lack of communication, and steamrolling pulled with the API fiasco.
Lina Khan is taking her role seriously. She needs more time though, let’s hope she’ll have it.