Everyone lies. When it’s personally convenient to obscure the truth, it’s only natural. But, when an average person lies, it might affect a few people. When big companies lie, the consequences affect millions if not billions. Sometimes, these lies are small such as Apple allegedly inflating Apple Watch calorie metrics. Others, however, can be a lot more consequential like Yahoo failing to disclose that they had a massive data breach that affected a billion people. And let’s not forget about the FTX fiasco last year that cost everyday investors billions. Fortunately, most corporate lies aren’t quite as consequential but they’re not exactly great either. This video compiles a list of the most notable examples in the recent history of big tech companies being caught in their lies and the long-term effects of their lack of honesty.
Here are key timestamps linked to significant moments in the video:
02:43 – Yahoo’s delayed disclosure of two major data breaches
08:21 – Netflix lowers threshold for what counts as a “view”
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