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Sindisil | 1 year ago
Compare the consequences for a large company vs an individual.
For the individual, if caught, a debilitating fine and, depending upon damages, jail time. Probable end of career, if related.
In short, life changing.
For the company, possible fine almost certainly less than the revenue made. Small chance of larger civil suits, with legal costs and possible judgments. Depending upon visibility, perhaps some additional PR spend. Even if the sum total cost is greater than the associated revenue, those costs can be used to offset tax liability.
In short, low risk of existential threat, or even actual financial loss -- just reduced profits.
Retric|1 year ago
Apple on the other hand would see your bank balance as a rounding error to a rounding error, but could easily lose a billion dollar from bad publicity that’s what’s balancing vs any financial upsides. Further, doing it once doesn’t move the needle it needs massive scale and thus massive risks to be worth anything to them.
onetokeoverthe|1 year ago
Maybe a plunge protection stock-price guarantee.
Or NOT.