• tty5@lemmy.world
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    1 month ago

    Statutory damages are 150k per violation and that’s how much music industry often got in court per song. This settlement would cover 10K books at this rate, they downloaded over 7M.

    This settlement is 0.14% of what statutory damages would have been.

  • NekoKoneko@lemmy.world
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    1 month ago

    Not favorable terms to them but…Gotta settle that suit quick so you can cash in with an IPO, before the bubble pops.

    Right now they’re settling at their inflated valuation so it’s all Monopoly money.

  • Harvey656@lemmy.world
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    1 month ago

    I would have something to say, but one of the comments in the article said it better than I could.