Discussion
John Deere to Pay $99 Million in Monumental Right-to-Repair Settlement
darth_avocado: The stock is up 5% today. What’s the catch?
explodes: [delayed]
aucisson_masque: The market expected a worst outcome ?
maest: No, all US equities are up after the Iran ceasefire news.You need to look at Deere stock after taking out the beta to the market.
bluGill: The market doesn't care. It is a big deal to some people here, but to the vast majority it doesn't change a thing (or doesn't seem to) and so the markets don't care.
tartoran: > What’s the catch?99m is a drop in the bucket. They were probably expecting more.
causality0: One of the most user-hostile companies on earth. My John Deere lawnmower came with a fuel gauge that runs off a CR2032 that's embedded in epoxy. The battery runs out of charge in about six months and the gauge stops working. If you saw the gauge open and replace the battery it doesn't start working again. If you disconnect the gauge the lawnmower won't start. Replacement gauges are $60.
elAhmo: Don’t buy their stuff then.
dyauspitr: That’s wild.They had to go out of their way to not wire it to the 12V.
snowe2010: Don’t comment if you don’t want to actually contribute. How are people supposed to know these things before buying the equipment. What if they’re the only provider in their region? There’s a billion reasons why your comment doesn’t contribute.
laughing_man: "Don't buy their stuff" is exactly the right answer. You need to do your research before you buy big ticket items. It may not be true in every sector, but Deere has plenty of competition.
linuxftw: John Deere has had a terrible reputation for over a decade now. They've always used proprietary parts for the tractors. Do 5 minutes of research.
verdverm: The second paragraph likely answers some of your immediate questions> The settlement also includes an agreement by Deere to provide “the digital tools required for the maintenance, diagnosis, and repair” of tractors, combines, and other machinery for 10 years. That part is crucial, as farmers previously resorted to hacking their own equipment’s software just to get it up and running again. John Deere signed a memorandum of understanding in 2023 that partially addressed those concerns, providing third parties with the technology to diagnose and repair, as long as its intellectual property was safeguarded. Monday’s settlement seems to represent a much stronger (and legally binding) step forward.
westmeal: Yeah but it's only for 10 years...
edm0nd: bruh dont sweat it. mainly everyone here is SF tech bros who have never worked a hard day in their life lol
SilverElfin: Seems like a small price for a big company. Shouldn’t there be some higher punitive fine for even trying this tactic? It’s basically zero cost for companies to be abusive.
adityamwagh: Yes there should be. But there won’t be until US stops lobbying and American public elects lawmakers that work for people instead of their own pockets.
shevy-java: Good! Wonder if Louis Rossmann already mentioned that.
