Comment on Amazon made $1 billion through secret price raising algorithm -US FTC

treefrog@lemm.ee ⁨1⁩ ⁨year⁩ ago

• SapphironZA@lemmings.world ⁨1⁩ ⁨year⁩ ago

  So you can get 5c and the lawyers get 95c for each dollar?

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  • treefrog@lemm.ee ⁨1⁩ ⁨year⁩ ago

    No.

    Because I don’t trust the FTC fines to be enough to discourage Jeff’s actions.

    An expensive class action would help hold him accountable.

    Plus, he got rid of the mandatory arbitration agreement. So Amazon is open to a class action on this as far as I know.

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    • atrielienz@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Jeff Bezos isn’t even the CEO of Amazon anymore.

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      • treefrog@lemm.ee ⁨1⁩ ⁨year⁩ ago

        Still the largest shareholder

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  • JamesFire@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Honestly better than amazon having it

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    • SapphironZA@lemmings.world ⁨1⁩ ⁨year⁩ ago

      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.

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