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That doesn't make sense at all. Just because a business is large doesn't mean they are high margin or have infinite money. If McDonald's had to pay $9000/day
by dahfizz 7y ago
That doesn't make sense at all.
Just because a business is large doesn't mean they are high margin or have infinite money.
If McDonald's had to pay $9000/day in arbitration for every one of their billions of customers, they would spend more than their market cap in a few minutes.
The whole point is that these companies have to pay for arbitration for each customer, rather than e.g. a single class action law suit. So unless you make over $9000 per day off your customers, you're going to lose big time.
- gamblor956 7y agoThe whole point of companies forcing arbitration clauses onto their customers was to save money by denying customers the appropriate legal avenue for recourse. If the company didn't want to face 60000 arbitration cases they shouldn't have blocked their customers from filing a single class action lawsuit.