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NY Wrests $1 Million From Verizon Wireless
netbuzz writes "Unlimited really means unlimited, even in advertising. So says the New York State Attorney General's Office in squeezing a $1 million settlement out of Verizon Wireless for disconnecting 13,000 of its customers who had the temerity to believe that the unlimited service they were promised came with unlimited service. Verizon's statement explaining the settlement is a gem, too."
The settlement was ONE million dollars. That's a drop in the bucket compared to the http://investor.verizon.com/profile/overview.aspx 88.1 billion they did in revenue last year, which they'll likely surpass this year.
That's 1/88,100 of their revenue. For comparison, if you're somewhere around the GDP per capita at PPP of the US at $40k per year, that's like charging you 45cents as a fine. Yeah, that's really going to modify some behavior.
The only people that got any real benefit from this situation were lawyers. Verizon isn't going to stop cutting off accounts that don't make money for them.