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>It does not seem at all clear to me that any tech company could sustain routine fines of this scale and remain a going concern. It will be fine if they stop d
by Despegar 8y ago
>It does not seem at all clear to me that any tech company could sustain routine fines of this scale and remain a going concern.
It will be fine if they stop doing the things that cause the fines. A $3-5B fine is nothing compared to the settlements that were extracted from banks, and the tech industry is much more profitable.
- tptacek 8y agoIn fact, no, this FTC settlement is in line with the settlements the banks got for their 2007 abuses. As I recall, some banks paid higher, by single digit billions, and some lower.
- Despegar 8y agoHere's a nice infographic with some of the settlements. https://dmxvlyap9srmn.cloudfront.net/production/articles/3539/f46dee0b-3d5f-4e8c-860d-c13a0d44986c.jpg https://dmxvlyap9srmn.cloudfront.net/production/articles/353...