3 ms·
> negligible percentage of revenue But what percentage of profit? And far more importantly, are they large enough to serve as a disincentive for others to do t
by d110af5ccf 5y ago
> negligible percentage of revenue
But what percentage of profit? And far more importantly, are they large enough to serve as a disincentive for others to do the same thing in the future? I'd suggest that the popularity of binding arbitration clauses is evidence that the fines are noticeable.
(Note that I refer to class actions in general, not Zoom specifically.)
- oblio 5y ago> And far more importantly, are they large enough to serve as a disincentive for others to do the same thing in the future? Considering that 100% of the popular social networks were built on these practices, no. They risk fines of hundreds of millions, maaaaybe billions at most, and they make tens of billions.
- d110af5ccf 5y agoSure, there are exceptions. But in general it would appear that class actions are an effective deterrent to a wide variety of undesirable behavior. That they fail in a few highly visible edge cases means they are imperfect - not useless.