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This sounds exactly like the LIBOR rigging scam, various commodity market scandals. People rightfully go to jail for this stuff -- meanwhile we see the big tech

This sounds exactly like the LIBOR rigging scam, various commodity market scandals. People rightfully go to jail for this stuff -- meanwhile we see the big tech companies bid rig

gonzo41 5y ago
Actually, we didn't see that many people go to jail for rigging the LIBOR rate. There were a few fall guys but a lot of people made a lot of money.
- dbuder 5y ago
  It was a fake rate anyway and they only moved it around a little, what Jedi Blue did was far more criminal and egregious. The ad networks act with impunity, for example, they know when a user has installed an app with no connection to them and then they serve that user ads for the app and then attribute the install to themselves! out and out fraud but they'll just claim the algo is really complex and our ML/AI doesn't have intent.
  - bombcar 5y ago
    “Give us lots of money or you will lose your business” is basically they argument. It obviously works in some cases but I seriously suspect most advertising money is wasted.
  - istinetz 5y ago
    >It was a fake rate anyway It was my impression that everyone uses LIBOR, so even a tiny change has massive consequences.
    - dbuder 5y ago
      Many rates were based on LIBOR, but LIBOR itself was used for nothing other than betting, no one was lending or borrowing at it.
      - istinetz 5y ago
        Which is exactly what I said?