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thewayne$10,000,000AU later....
The Australian Competition and Consumer Commission has fined Dell AU $10mAU (approx $6.5mUS) after a nasty little sales scheme was uncovered and reported. Dell AU would show a PC for sale, and on the side show a monitor with a price crossed out and a lower price shown as a possible add-on. Except the lower price was actually higher than if you'd navigated elsewhere in the site and added the monitor on yourself.
Pretty damn scummy! But hey, they're a corporation, what do you expect?
In addition to the fine, Dell AU is paying reparations WITH INTEREST! And probably pinky swears not to do it again.
Now, the best thing about the fine amount? I mean, $10mil seems a bit small. THE FINE AMOUNT IS MORE THAN DELL MADE WITH THEIR PRICING SHENANIGANS! So their attempt at scamming the public actually caused them to lose money on the scam! THIS is how government fines should work - if you're found to have done something deliberately abusive to the public, the fine should negate any profit that you made from what you did, AND cost you beyond that!
https://arstechnica.com/gadgets/2023/08/dell-fined-6-5m-after-admitting-it-made-overpriced-monitors-look-discounted/
The Australian Competition and Consumer Commission has fined Dell AU $10mAU (approx $6.5mUS) after a nasty little sales scheme was uncovered and reported. Dell AU would show a PC for sale, and on the side show a monitor with a price crossed out and a lower price shown as a possible add-on. Except the lower price was actually higher than if you'd navigated elsewhere in the site and added the monitor on yourself.
Pretty damn scummy! But hey, they're a corporation, what do you expect?
In addition to the fine, Dell AU is paying reparations WITH INTEREST! And probably pinky swears not to do it again.
Now, the best thing about the fine amount? I mean, $10mil seems a bit small. THE FINE AMOUNT IS MORE THAN DELL MADE WITH THEIR PRICING SHENANIGANS! So their attempt at scamming the public actually caused them to lose money on the scam! THIS is how government fines should work - if you're found to have done something deliberately abusive to the public, the fine should negate any profit that you made from what you did, AND cost you beyond that!
https://arstechnica.com/gadgets/2023/08/dell-fined-6-5m-after-admitting-it-made-overpriced-monitors-look-discounted/
no subject
Date: 2023-08-15 08:59 pm (UTC)no subject
Date: 2023-08-15 09:15 pm (UTC)no subject
Date: 2023-08-16 11:16 am (UTC)no subject
Date: 2023-08-15 11:17 pm (UTC)Hugs, Jon
no subject
Date: 2023-08-26 11:32 pm (UTC)no subject
Date: 2023-08-27 05:33 am (UTC)I like the concept of punitive damages, to punish, being treble. But even that is invisible to most big corps. Dell Inc. had revenue of $102 BILLION in FY '22. That is gross, not net, receipts. If my calculations are correct, that means they earn $3,234 per SECOND, 24/7/365. That's about 20% of my annual salary. Which means they earn that $10mill back in 3,093 SECONDS, so in less than ONE HOUR they have recovered that $10mill. Actually much less than that because that $10mill is US$, not AU$, the fine was $6.5mill USD. So about 35 minutes?
no subject
Date: 2023-08-27 06:34 am (UTC)