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[1357.16 --> 1357.24] Sure. |
[1357.46 --> 1358.68] So, I think it will be okay. |
[1359.24 --> 1360.80] They'll have more funds to move up market though. |
[1361.04 --> 1361.24] Yeah. |
[1361.88 --> 1365.92] Speaking of collusion, because three player oligopolies suck. |
[1366.74 --> 1367.94] DRAM, price fixing. |
[1368.08 --> 1368.26] Yeah. |
[1368.74 --> 1369.28] Good call. |
[1369.28 --> 1378.56] So, the law firm Higgins Berman has filed a class action lawsuit against Samsung, Micron, and Hynex. |
[1378.88 --> 1382.68] I love how every law firm is so obviously a law firm just by the name. |
[1383.94 --> 1386.52] I wish that was one person's full name. |
[1387.22 --> 1388.22] That would be awesome. |
[1388.84 --> 1391.78] There's a lot of people with two first names, but not enough with two last names. |
[1391.78 --> 1404.84] So, according to the firm's investigation, the three DRAM manufacturers conspired to limit the supply of DRAM chips between 2016 and 2017 with the purpose, of course, of inflating their prices. |
[1405.36 --> 1406.48] And we've all seen that happen. |
[1406.56 --> 1412.64] DRAM saw a 47% price increase during 2017, the largest jump ever in the last 30 years. |
[1412.88 --> 1417.66] And probably ever because before 30 years ago, did they even have DRAM? |
[1417.66 --> 1421.48] They probably had A, B, and C RAM, but like... |
[1421.48 --> 1422.10] Oh, yeah. |
[1422.38 --> 1423.52] That's ancient stuff. |
[1425.18 --> 1437.46] So, the complaint has been put forward on behalf of anyone who, in the U.S., purchased something containing DRAM from one of these three companies from July 1st, 2016 through February 1st, 2018. |
[1437.46 --> 1449.06] The suit claims that after a global decline in the price of RAM chips, the three companies began in June of 2016 to deliberately limit their output of DRAM storage chips. |
[1450.20 --> 1451.96] But did they have to... |
[1451.96 --> 1452.32] If they're... |
[1452.32 --> 1452.50] Okay. |
[1452.60 --> 1458.76] If they're colluding and they want the prices to go up instead of down, did they have to do it so hard? |
[1459.44 --> 1461.36] I mean, like, it's kind of like... |
[1461.36 --> 1461.54] Yeah. |
[1461.54 --> 1462.26] They kind of overkill. |
[1462.36 --> 1463.98] It's pretty suspicious now. |
[1464.00 --> 1464.42] Like, it's so obvious. |
[1464.42 --> 1464.98] That's... |
[1464.98 --> 1465.42] Yeah. |
[1465.60 --> 1467.96] You think you try to be slightly subtle. |
[1468.10 --> 1469.56] Let's just get them to climb gradually. |
[1470.42 --> 1472.02] But depending on the details... |
[1472.02 --> 1472.18] No, man. |
[1472.22 --> 1475.02] I want, like, 400 new cars. |
[1476.48 --> 1477.02] Well, okay. |
[1477.16 --> 1478.18] That's cranking up a lot. |
[1478.56 --> 1480.10] They're obviously going to try to get away with it. |
[1480.16 --> 1484.88] And maybe what it takes to get away with it is to be like, we literally don't have the capacity to make more. |
[1484.94 --> 1487.96] So, then they had to not build a factory. |
[1488.12 --> 1489.44] And then they don't have this factory. |
[1489.60 --> 1490.50] Or they have the... |
[1490.50 --> 1492.54] A lot of it has to do with their process notes and stuff, too. |
[1492.54 --> 1492.66] Yeah. |
[1493.10 --> 1494.66] Because they're not scaling how they should. |
[1494.72 --> 1497.82] And they're, like, publicly saying to each other that they're not going to go for scale. |
[1497.96 --> 1500.36] They're going to go for price per item and whatnot. |
[1501.44 --> 1503.58] Well, I hope they get found guilty. |
[1504.78 --> 1505.56] That'd be interesting. |
[1505.66 --> 1506.24] That would be pretty cool. |
[1506.24 --> 1507.52] The world would be more interesting to me. |
[1507.76 --> 1513.72] That'd be kind of fun if you could charge someone guilty for, like, your jerks at running a company. |
[1514.70 --> 1515.30] Oh, yeah. |
[1515.30 --> 1515.36] Yeah. |
[1516.00 --> 1519.08] Like, you clearly have the money to build another factory. |
[1519.20 --> 1521.12] There's clearly the market to build another factory. |
[1521.30 --> 1527.32] You're not doing it just because you want to be whatever and charge an insane amount of money per chip. |
[1527.88 --> 1529.20] So, you guys suck. |
[1529.48 --> 1530.06] Here's a fine. |
[1530.24 --> 1530.40] Yeah. |
[1530.44 --> 1531.96] This is kind of where capitalism breaks down. |
[1532.04 --> 1536.74] Where it's like, in theory, if they're doing that, then there should be room for a new entrant in the market. |
[1536.86 --> 1538.46] But the barriers to entry are so damn high. |
[1538.46 --> 1539.44] So insanely high. |
[1539.44 --> 1544.52] The investment is so large and the talent pool is just not big enough that they own it. |
[1544.92 --> 1545.54] It's an oligopoly. |
[1546.40 --> 1553.18] I wouldn't be surprised if these guys were caught, like, actually guilty because from 1998 to 2002, |
[1553.40 --> 1559.20] Hynek, Samsung, and Micron were among a group of vendors who would ultimately end up paying a settlement to end complaints |
[1559.20 --> 1561.16] that they conspired to rig the price of DRAM chips. |
[1561.30 --> 1562.82] So, it's not even the first time this happened. |
[1564.78 --> 1567.58] Also, yeah, thank you, Twitch Chat, for pointing out the resolution problem. |
[1567.58 --> 1569.58] I don't know what was going on there. |
[1569.66 --> 1573.88] I had it set to default resolution, and it must have been on, like, 64 by 64. |
[1574.06 --> 1575.86] Not actually, but it was pretty freaking bad. |
[1576.12 --> 1577.88] So, I changed it, and we seem to be good now. |
[1578.70 --> 1580.42] I put it that way, actually, because I have a zit. |
[1582.36 --> 1582.92] Thanks, Luke. |
[1583.48 --> 1584.22] Yeah, good on. |
[1584.64 --> 1586.26] Now, it is there for the world to see. |
[1586.32 --> 1588.06] No, it was the resolution of this screen. |
[1588.30 --> 1588.62] Ah. |
[1588.76 --> 1590.42] So, it didn't even have anything to... |
[1590.42 --> 1591.50] They could already see my zits. |
[1591.56 --> 1592.12] Yeah, yeah. |
[1592.58 --> 1593.08] It's okay. |
[1593.08 --> 1594.44] There for the world to see. |
[1594.44 --> 1599.16] Speaking of for the world to see, let's do sponsor spots. |
[1599.64 --> 1601.36] Sponsors, sponsors, sponsors. |
[1601.86 --> 1602.40] Get money. |
[1602.74 --> 1606.04] For the world not to see your private... |
[1606.04 --> 1606.70] Infer... |
[1606.70 --> 1607.44] Infernet? |
[1607.70 --> 1611.12] Your private Infernet access information. |
[1611.48 --> 1612.00] Infernetmation. |
[1612.18 --> 1612.42] Whew! |
[1612.74 --> 1612.92] Inmation. |
[1612.92 --> 1616.88] I meant to say your private information, but I tripped, like, 18 times trying to get there. |
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