Consumers wasted at least $300 million paying for AT&T’s ‘unlimited’ data

[Victorious Secret]

 

 

Oh dear, ATT really fucked of a lot of people with their "unlimited data" nonsense. Thats a lot of extra money earned for not offering the service they should've offered. 

I am very appalled that they thought this was okay to do, but hey its ATT as if they have ever cared about consumer rights and giving you bang for your buck. I suggest you all go read the source for a far more in depth look at this, since I can't do it any justice in trying to explain it. 

TL;DR: ATT is basically the Devil on this one. If the Devil were a cheap bastard.
 

First, here's the quick summary. AT&T may have lost consumers anywhere from $300 million to over $1 billion or more.

 

That $300 million figure may not sound like much, considering the company allegedly misled 3.5 million customers a total of 25 million times over the course of three years. Indeed, $300 million is just a fraction of AT&T's annual revenue — two-tenths of a percent, to be exact. But what's pocket change to a wireless company is big money to consumers and for the FTC: $300 million is 13 times greater than the biggest fine the FTC has ever levied and (for a more apples-to-apples comparison) nearly four times greater than the agency's biggest restitution award against a wireless carrier.

 

And remember that $300 million is just a conservative baseline figure. Economists and lawyers from both sides are going to argue that damages should be calculated in all kinds of other ways, which we'll go into below.

 

With that said, let's start running some numbers. We can begin with a simplified equation that multiplies the number of times the throttling allegedly happened (25 million) by the amount of money AT&T extracted from affected users during throttled periods ($1 per day, or $12 every month). This should yield the amount of money that AT&T collected in subscription fees, from everybody on an affected unlimited plan, just during the throttled periods.

 

(25 million instances of throttling) x ($12, for 12 days of throttled service per month) = $300 million

 

 

http://www.washingtonpost.com/blogs/the-switch/wp/2014/10/31/consumers-wasted-at-least-300-million-paying-for-atts-unlimited-data/?tid=rssfeed

[Aniallation]

AT&T fucks people over on a lot of things, not just their "unlimited" data

[EcoBoost]

This is why I use T-Mo bruh

[olback]

Thats why i dont have a phone with contract... lol

[Linusinium]

Remember the crying "consumers are oversaturating our networks"

Funny how they kept quiet while collection additional $300 mil.