July 10, 2012
Google Inc is reportedly close to paying $22.5 million to settle charges that it bypassed the privacy settings of customers using Apple’s Safari browser.
The staggering sum would be the largest penalty ever levied on a single company by the U.S. Federal Trade Commission.
But, with Google reporting a net income of $2.89 billion in the first quarter of this year, it would take just over 17 hours for the company to earn the amount to pay off the fine.
The fine was first reported by the Wall Street Journal, which cited officials briefed on the settlement terms.
This article was posted: Tuesday, July 10, 2012 at 8:50 am