May 2023
Cato Audio
The Effects of the FTC Suit on Consumers
Many of these new FTC suits focus on very speculative harms down the road, they end up ignoring how the enforcement action harms consumers now. When you look at Facebook's moves in the metaverse, the incredible amount of money they've spent there has had the effect of creating a new industry. We should really be concerned about any industry being under that kind of scrutiny if it isn't based in the economics.
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