Earlier quoted context omitted.
> The FTC is being very heavy-handed here. Are you kidding me? A quick Google search turned up revenue of $24 million in 2013. 2014 and 2015 numbers did not come up on my quick search, but I'd imagine based on the amount of advertising they do it's at least held steady. And then there's the many millions of investment dollars they received before that. $2 million is not even a slap on the wrist. It's like blowing in…
$24 million revenue isn't net income after all the expenses and taxes. 2/24 is 8%. How would you like to be fined 8% of your yearly salary? Make $100k as a developer? $8k please! Good thing I'm not blowing gently in your other ear; that would be 16 thou.
If my career was based on a bunch of lies I would expect a lot worse. That's kind of my whole point. If I sold a website to somebody based on claims that it would do something it doesn't do, I would expect them to sue me for 100% of their money back plus damages, not just 8%.
And keep in mind with Lumosity, $24 mil is the revenue for 2013 that I could find, who knows what they actually made in 2014 and 2015. If we assume it was just flat that's $72 mil, which makes the $2 mil fine 2.7%.