“The Federal Trade Commission on Thursday revealed that Google has agreed to pay $22.5 million to settle charges that the company misrepresented its claim that it would not place cookie tracking files on the computers of users of Apple’s Safari browser. The settlement is a win for Google. The ‘record-setting’ fine is less than Google’s average daily profit in 2011 (about $32 million). For a person making $50,000 annually, the settlement amount is roughly comparable to a $100 speeding ticket, before taxes. Better still, settlement includes no admission of guilt.” [Yet another revenue shakedown]
http://www.informationweek.com/internet/google/google-225-million-ftc-fine-has-no-teeth/240005277
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
As the market panic demonstrates, central banks are stuck on a treadmill of money printing
Eric Margolis: US Struggle With Iran's Peace Offensive
Bill Bonner: The Cryptocurrency Revolution
Suddenly, Banks Are Victims In Justice Department's S&P Lawsuit
The Strange Tale of Swiss Banking – And What It Means for You
Peter Schiff on Politics, Precious Metals and President Obama's Second Term
Bill Bonner: Aiming for Aristotle’s Head
Senator Wyden Warns Against the Surveillance State
Will Grigg: What Holder Really Said
Michael Scheuer: Observing King Obama’s Syrian madness, II
It’s Unofficial: Social Security Is Broke - Gary North
The Hugely Hypocritical Hillary
Bill Bonner: 'Uber Alles'
Sitka Pacific Capital Management Client Letter, May 2013
The Military-Industrial Complex, Neocons and General Patraeus