Comment on Amazon made $1 billion through secret price raising algorithm -US FTC
treefrog@lemm.ee 6 months agoNo.
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.
atrielienz@lemmy.world 6 months ago
Jeff Bezos isn’t even the CEO of Amazon anymore.
treefrog@lemm.ee 6 months ago
Still the largest shareholder
atrielienz@lemmy.world 6 months ago
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.