Basically, it’s a way for google to implement fingerprint resistance in chrome and default to blocking third party cookies without killing their own funding source.
I think this is a pretty good take. With floc there is a possible storry to tell companies that want to target/customize, but only in the amount tolerated by the users.
Once thats established, it's much easier to go after shutting down businesses using less ethical means.
No, not really - ETP only blocks the most technically literal meaning of "third-party cookie" while still allowing plenty of tracking scripts to work with shared first-party data.
Chrome has well over 50% of the desktop browser market share, which by some measurements makes it the only major browser, and FLoC is definitely a prerequisite to Chrome disabling third-party cookie support.