SPDR S&P 500 (SPY): the government ordered Yahoo to turn ove...

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Sunday, 06/17/2018 5:16:08 PM

Sunday, June 17, 2018 5:16:08 PM

the government ordered Yahoo to turn over massive amounts of confidential data on its users, and if Yahoo didn't comply, the company would initially be fined $250,000 per day, with the amount set to double every week: $500,000 per day for the second week, $1 million a day for the third, then $2 million, then $4 million … enough to bankrupt the company in a matter of months.

Yahoo was forced to do this for six years before it was even granted legal permission to admit what it was forced to do or the crippling financial penalties it faced if it would not comply

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