» WTF, FTC
Scathing post by Philip Elmer-DeWitt on Apple’s FTC consent decree and $32.5 million settlement on in-app purchases:
Any money that’s not spent — which could, in theory, be millions of dollars — goes to … wait for it … the commission.
So, bottom line, the FTC has hit an Apple trifecta: 1) headlines that paint the government as protectors of parents and children in the digital age, 2) a story in which the FTC gets to play the giant killer, and 3) a novel way to extract millions out of Apple’s coffers — and maybe send some of it directly to the FTC’s.
And, if that’s not enough, the new chairwoman of the FTC who swooped in and demanded the consent decree was a partner at Quinn Emanuel, whose clients included Google and Samsung. In fact, it’s the same firm that leaked information to Samsung on contract agreements between Nokia and Apple.