688
Amazon made $1 billion through secret price raising algorithm -US FTC
(www.reuters.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Nov 2023
688 points (98.7% liked)
Technology
60232 readers
3549 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
So you can get 5c and the lawyers get 95c for each dollar?
Jeff Bezos isn't even the CEO of Amazon anymore.
That's kind of moving the goal posts. The shareholders definitely put pressure on the CEO and leadership of a company. And I think they should be held responsible in some cases for the fallout of badly enacted anti-consumer policies. On the other hand though, the CEO is the leadership who is held responsible for enacting policy.
Honestly better than amazon having it
It's probably something they already budget for. I would argue for lawyers fees being capped and the fines being 5x the value of the damage done.