this post was submitted on 16 Jan 2025
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Friday: GoDaddy CEO donates $1,000,000 to Trump's inauguration fund
Monday: Trump takes office
Tuesday: Senate confirms new FTC chair
Wednesday: FTC announces a settlement with GoDaddy where the FTC will withdraw the case and GoDaddy agrees to a $125,000 penalty paid over the next five years
I wish I lived in a world where this seemed absurd.
That's very generous with the penalty. More likely to get off Scott free
More likely the US government will pay them $125k for their trouble in this "political witchhunt."
Tangent to the original discussion, but Trump is currently suing the Justice Department for raiding Mar-a-lago (back when we actually had hope that this man would be held to account for his crimes). When he takes office, he could ostensibly direct the Justice Department to settle the case and pay him a settlement.
I guess they're all paying Trump to make sure a Lina Khan will never get there ...
$125k over five years is stupid. That's $25k a year for five years.
GoDaddy made 4.481B last year.
For math nerds, that's 179,240 times the penalty.
That's the joke