After a senior Facebook employee recently spirited thousands and thousands of documents out of the company, documents that appear to show the company`s internal research about the effects of its own products, that research was totally at odds with the company`s public statements about the same matters.
The FTC has these big tech companies in their sights, under the Biden administration, the FTC has already asked a federal court, to break up Facebook. When President Biden picked a new chief, for the Federal Trade Commission, he picked a young, the youngest leader in the FTC`s history, a young, brilliant academic, who literally made her career challenging the outsized power and market share of gigantic tech companies like Amazon and the artist formerly known as Facebook. You sound like a dust ruffle company now, or a meditation app - except one that gives you lung cancer. When Philip Morris decided that all of the anti-smoking moaning and groaning, and coughing was really cramping its public style, Philip Morris decided it would become, Altria, which is frankly still funny nearly 20 years later. They didn`t wanted to be associated with Johnson & Johnson anymore, so they formed a new company, they gave him a forgettable little name that consist solely of initials, and then they promptly declared that company bankrupt. That`s who you sue if it gives you cancer. That is the deliberately forgettable company name, that sounds nothing at all like Johnson & Johnson, and Johnson & Johnson nevertheless created to be corporately responsible for all the talcum powder. Is that forgettable for enough for you for that? Name did you already forget? I did, LTL. Well, Johnson & Johnson will no longer technically be the company that makes or ever made that talcum powder, they created a new company, to bear that burden. Johnson & Johnson got on the hook for its talcum powder allegedly causing cancer.
This is a tried and true and frankly tired tactic. But they came back under a different name, probably wise, they change their name and now they`re called Ally Bank.
It`s called GMAC, in that bail out worked, that entity came back after the financial crash. When Wall Street melted down, the economy in 2000, and the federal government decided it needed to spend $17 billion, bailing out the financing arm of GM.
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