3 ms·
> Does it mean anyone can jump in and demand a slice of the pie? (Not a lawyer etc) As long as someone purchased a course at the discount price during the peri
by fwlr 3y ago
> Does it mean anyone can jump in and demand a slice of the pie?
(Not a lawyer etc) As long as someone purchased a course at the discount price during the period specified (and meets the other criteria), yes - they qualify to get a portion of the $4M.
> how will it impact the future? Will Udemy have to stop the fake sales to avoid future lawsuits? $4m seems small considering their revenue.
The amount is likely based to some degree on the revenue generated by this tactic, so it should in a sense “undo” however they’ve profited from this tactic. If it’s more profitable to keep doing it, I expect there will be another suit similar to this one, and “they were fined and kept doing it” will be a potent argument for massively increasing the amount of the fine as a punitive measure.
- 93po 3y ago> “they were fined and kept doing it” will be a potent argument for massively increasing the amount of the fine as a punitive measure. This never stops the rest of the corporate world from knowingly and flagrantly breaking the law to make money. Thanks, regulatory capture.
- fwlr 3y agoNot sure I understand. Udemy being fined for deceptive advertising won’t have any impact on whether other companies decide to break other laws. Regulatory capture is an entirely unrelated thing, that’s when law-makers are influenced to make laws that serve the interests of the entities they’re supposed to be regulating. Companies breaking laws and courts punishing law-breakers are not involved in the law-making process.
- deleted 3y ago[deleted]