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In this instance, no. The FTC authorized the settlement of $5 billion, and that's what Facebook paid. It's not like the FTC authorized a settlement for $1 billi
by jjulius 5y ago
In this instance, no. The FTC authorized the settlement of $5 billion, and that's what Facebook paid. It's not like the FTC authorized a settlement for $1 billion and Facebook paid $5 billion.
The "overpayment" alleged by the lawsuit is that the settlement should've been far, far less than $5 billion, but was increased to that amount in order to prevent Zuckerberg from being individually targeted, thereby "overpaying".
Caveat: I'm not a lawyer, and I just have a basic understanding of this entire issue.