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.