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Google to pay up to $200 million to FTC on YouTube probe: source
Source: Reuters
BUSINESS NEWS AUGUST 30, 2019 / 12:46 PM / UPDATED AN HOUR AGO
Google to pay up to $200 million to FTC on YouTube probe: source
David Shepardson
3 MIN READ
WASHINGTON (Reuters) - Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters.
Politico reported the settlement is expected to be between $150 million and $200 million. The settlement is set to be announced next week and will be the largest ever fine imposed for violating the Children’s Online Privacy Protection Rule by collecting personal information from kids without parental consent.
Google declined to comment.
The FTC voted 3-2 to approve the settlement and sent it to the Justice Department as part of the review process, Reuters confirmed, citing a person familiar with the matter. The Washington Post reported the settlement’s approval in July but did not detail the amount of the civil penalty.
-snip-
Google to pay up to $200 million to FTC on YouTube probe: source
David Shepardson
3 MIN READ
WASHINGTON (Reuters) - Alphabet Inc’s Google will spend up to $200 million to settle a Federal Trade Commission investigation into YouTube’s alleged violation of a children’s privacy law, a person briefed on the matter told Reuters.
Politico reported the settlement is expected to be between $150 million and $200 million. The settlement is set to be announced next week and will be the largest ever fine imposed for violating the Children’s Online Privacy Protection Rule by collecting personal information from kids without parental consent.
Google declined to comment.
The FTC voted 3-2 to approve the settlement and sent it to the Justice Department as part of the review process, Reuters confirmed, citing a person familiar with the matter. The Washington Post reported the settlement’s approval in July but did not detail the amount of the civil penalty.
-snip-
Read more: https://www.reuters.com/article/us-alphabet-ftc/google-to-pay-up-to-200-million-to-ftc-on-youtube-probe-source-idUSKCN1VK23L
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Based on an outside guesstimate of $10 billion/year in revenue at YouTube, Google will be hit for a whopping 7 days worth.