To explain my downvote, you are ascribing a perspective to the collective which doesn't match what many of us think. The letter is of interest because it presents the FTC's perspective on this issue, which is surprisingly nuanced. They are affirming that oversight of business practices is important, even when it comes from non-governmental agencies.
Note there are five ftc commissioners. Christine Wilson is one of three republicans. She is unfortunately the one who seems the most trumpian. She misleadingly quotes a filing her own agency made in this op-ed. Because of that, and a few other turns of phrase in here that appear frequently in Qualcomm PR (such as the factually incorrect statement that this case was filed during the Obama administration--it was actually filed under Trump) I'm willing to bet a lot of money Qualcomm wrote this and gave it to her and she signed off on it.
I'm still inclined to think it's a good thing. I'm not educated enough on this topic to agree or disagree with any of the commissioners' opinions, but the FTC is clearly interested in sending a signal to the public.
I'm moderately optimistic, although it will be interesting to see what happens after the next presidential election. It's possible that the commissioners are concerned about it, and are trying to make some kind of mark and set precedent before they're all fired and replaced if a Republican (Trump?) takes office in 2024.
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