Amazon.com used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that pushed up prices U.S. households paid by more than $1 billion, the U.S. Federal Trade Commission detailed in a new court filing on Thursday.
  • SapphironZAEnglish
    184·
    1 year ago

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

          • atrielienz@lemmy.worldEnglish
            1·
            1 year 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.

      • SapphironZAEnglish
        2·
        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.