Another Giant Tech Company Pays Record Fines: What Does it All Mean?

 

By Charles Sosnik

 

It hardly even registers anymore.

Google and YouTube agreed to pay $170 Million for violating child privacy rights. There was a time when that might have meant something. But news of tech companies breaking laws and paying massive fines really have no meaning. Or at least, no consequences.

A couple of months ago Facebook agreed to pay the FTC a record $5 Billion in fines for privacy violations. For its part, Facebook admitted no wrongdoing.

When numbers are that large, they cease to have any meaning for most people. $170 Million for stealing children’s data? Sounds about right. $5 Billion for Facebook? Sounds fair.

Your kids still using YouTube? Yep. Your friends still on Facebook? Of course.

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