Good Thursday morning. Programming note: I’m going to be in conversation with Blackstone’s co-founder and C.E.O., Stephen Schwarzman, about his new book, “What It Takes: Lessons in the Pursuit of Excellence,” and about the global economy and philanthropy for a DealBook TimesTalk in New York on Sept. 16. Get your tickets here. (Was this email forwarded to you? Sign up here.)

Critics worry Google’s YouTube fine was too light

The tech giant paid $170 million to settle charges that it knowingly and illegally harvested children’s personal information on YouTube and used it to target them with ads.

The F.T.C. and New York’s attorney general had brought the charges, which accused the company of violating federal law by tracking children’s browsing data without parents’ consent.

The fine is the biggest civil penalty yet obtained by the F.T.C. for a violation of children’s privacy. Google also agreed to ask YouTube channel owners to identify children’s content so that it can be designated clear of targeted ads.