Chump change. 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.
$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.
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. The deal should not be made - Google should pay much more.