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"Nice videos you got there. Shame if something were to happen to them. Now pay us $3,000 by the end of the week." Now do you understand why people are mad?
by bsder 5y ago
"Nice videos you got there. Shame if something were to happen to them. Now pay us $3,000 by the end of the week."
Now do you understand why people are mad?
The price isn't relevant. Giving someone less than a week to completely uproot themselves is extortion, plain and simple. It may even be illegal--I smell a class-action incoming.
My guess is that most people will cough up for a month or two and then leave. I know that I would definitely migrate off of a company which extorted me once.
However, that is equivalent to a quick infusion of a couple years of cash to Vimeo for quite a few of these customers. A quick pump of the numbers might get them a deal with somebody if this doesn't net them enough bad press.