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Netflix was sued because they kept rental history on former customers. Netflix revenue: $8,800,000,000 Lawsuit amount: $9,000,000 (or approx 0.1%) Lawyers re

Netflix was sued because they kept rental history on former customers. Netflix revenue: $8,800,000,000 Lawsuit amount: $9,000,000 (or approx 0.1%) Lawyers received: $2,100,000 Plaintiffs received: $30,000 [0] https://arstechnica.com/tech-policy/2012/07/class-action-lawsuit-settlement-forces-netflix-privacy-changes/ https://arstechnica.com/tech-policy/2012/07/class-action-law...

Oishikatta 9y ago
You can't compare to revenue, that makes no sense. Netflix's global net income in 2012 was apparently $17 million. A $9 million fine is then over half of their annual income. [0] https://www.scribd.com/mobile/document/121853053/Netflix-4Q-2012-Investor-Letter?skip_app_promo=true https://www.scribd.com/mobile/document/121853053/Netflix-4Q-...