Penalties that Pack a Pinch
June 19th, 2013
The cost of invading privacy
Company revenues for 2012? $52 billion
Settlement amount? $22.5 million
Outraged privacy advocates and a dissenting FTC commissioner argued that the penalty was “de minimis” given Google’s assets. Consumer Watchdog said an independent analysis calculated the appropriate statutory penalty to be $8 billion.
An order that has been agreed to by both parties to a legal dispute.