Seagate's fraudulent hard drives scandal deepens as clues point at Chinese Chia mining farms
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Seems like that should be illegal, like changing the odometer on a car, but what do I know.
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They should hold their resellers to a standard. It isnt entirely their fault but they should have QA working on how people receive their products.
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I'm skeptical the market is ever going to have principles, for every person that has gotten burned and become personally aware of shady practices, there are many more that aren't aware and don't have the incentive or ability to do research to find out. Seems like the sort of thing where the system is rigged in favor of scammers if consumer choice is the only regulation.
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The problem is the information asymmetry, there is always another person for a fraudulent company to exploit due to a dysfunctionally expensive court system. Its why we need market level regulations and public institutions that recover peoples money and fine the organisations for their breaches. This sort of thing works a lot better in the EU than in the US due to the sales laws, the ability to return within 2 weeks, default warranty on goods out to 12 months and expectations of goods to be as advertised forced onto the retailers. They work, they need more enforcement from regulatory bodies but retailers do follow them for the most part and quickly change tune when you go to take legal action when they don't because courts know these laws inside and out.
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I wonder if this is why their store has been offline for over a month. Had an order cancelled, after sitting for 3 weeks. Got a voucher for 50% off “when the store open”. Still waiting…
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Chia is grown, not mined.
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Long term boycottes are the best thing - IF you can get large numbers to follow. Large enough that management schools are forced to teach about how ever real reform won't be enough to save you from bad actions.
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Oh, I agree with that. Part of the cost of a product is how much bother the consumer will have to put forth to get their desired use out of it. That's part of what a brand is supposed to communicate to a buyer.
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Large enough that management schools are forced to teach about how ever real reform won’t be enough to save you from bad actions.
Sadly, in the world of multinational business, that isn't how management schools perceive boycotts.
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Thankfully the other two haven’t fallen as hard as Seagate has.
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Thankfully the other two haven’t fallen as hard as Seagate has.
If you want keep thinking that don't look too hard at Western Digital's scandals and catastrophic drive failures of the past. In my early working days I made good money swapping out hundreds of failing Western Digital hard drives.
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Then we’re all screwed thanks to consolidation.
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alwayshasbeen.jpg
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Probably; these drives were being found sold by their official sellers. Seagate likely had to investigate the majority of their supply lines; shutting it all down in the meantime.
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Sure is, this would fall under fraud at the very least; but laws only stop those willing to obey them. Now it's a matter of figuring out who to punish.
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That means you haven't make them large enough yet.
Good luck getting people to care, but it is in the end your best counter.
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Generally a company doing something bad enough to encourage a large enough boycott to affect the bottom line is making quite a bit of money. They calculate the loss of sales due to the boycott over time and can plot when the value of the bad business is lower than the boycott. Many times they continue with the bad behavior in spite of loss of business from the boycott because the business might be at the edge of viability anyway. So extracting the last bit of value out of the company is a net win before the rotting husk is sold off in pieces for the value of its assets or the brand is sold to the opposing group that actually likes the bad behavior that was being boycotted so it becomes an asset again.
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Oh no, it's worse than that. I've explained several times to several people the terrible business practices that nestle use.
I've named off some of the bigger products they make.
90% of people I've explained this to gave zero shits. The other 10% feigned interest but didn't change their behavior.
So, the people I've explained it to can't feign ignorance. It's apathy.
