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I like to contextualize the real magnitude of 'illions. There are many people who hear "$2M" and think it's a large fine. It's actually relatively modest, and I
by kolbe 11y ago
I like to contextualize the real magnitude of 'illions. There are many people who hear "$2M" and think it's a large fine. It's actually relatively modest, and I wanted to provide a point of reference for people to know how modest.
- nkrisc 11y agoI think a better yardstick would be comparison of fines for similar offenses.
- thaumasiotes 11y ago> The order also imposes a $50 million judgment against Lumos Labs, which will be suspended due to its financial condition after the company pays $2 million to the Commission. The whole piece is pretty unclear about whether they're shutting down Lumosity, or shutting down Lumos Labs while somehow not shutting down Lumosity.
- thaumasiotes 11y agoOh, I guess I misparsed this originally. I understood it as "The order imposes a $50 million judgment against Lumos Labs, and Lumos Labs will be suspended due to its financial condition after paying $2 million". But, the article as a whole is more intelligible with the meaning "The order imposes a $50 million judgment against Lumos Labs, and the judgment will be suspended due to Lumos Labs' financial condition after it pays $2 million".