this post was submitted on 03 Jan 2024
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[–] GlitzyArmrest@lemmy.world 61 points 10 months ago (13 children)

As of January 2024 Sony has a market cap of $116.02 Billion. This makes Sony the world's 119th most valuable company by market cap.

Yeah, $14 mil is the cost of doing business for Sony, a slap on the wrist.

[–] IvanOverdrive@lemm.ee 2 points 10 months ago (1 children)

But this does damage the brand. Not only am I never going to buy another PlayStation, I'm not going to buy another pair of Sony headphones.

[–] starman2112@sh.itjust.works 13 points 10 months ago (1 children)

Unfortunately, brand damage isn't really a thing anymore. You're never going to buy a Sony product again the same way I'm never going to buy a Blizzard product again. They account for the loss of sales

[–] IvanOverdrive@lemm.ee 4 points 10 months ago (1 children)

Sadly, yea, you're not wrong. But consumers do have some agency, albeit a limited amount.

[–] Fiivemacs@lemmy.ca 2 points 10 months ago

We have a lot more then we give ourselves credit for..but the amount of times I see people bitch about a store then go right back is absurd. People just don't care and companies know that. They are immune to punishment. It's just a bribe they make to have the paperwork go away and maybe make some generic twitter post about it.

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