LG: Difference between revisions
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Founded in 1947, the company is currently worth over 9.9 billion USD in market cap.<ref>https://companiesmarketcap.com/lg-electronics/marketcap/</ref> | Founded in 1947, the company is currently worth over 9.9 billion USD in market cap.<ref>https://companiesmarketcap.com/lg-electronics/marketcap/</ref> | ||
== Controversies == | |||
{| class="wikitable" | |||
|+ | |||
!Controversy | |||
!Year | |||
!Background Info | |||
!Aftermath | |||
!Related Article | |||
!Related Video(s) | |||
|- | |||
|Linear Compressor Reliability | |||
|2001 | |||
|Since it's introduction, LG has been the subject of several class action lawsuits stemming from repeated failures of it's linear compressor design for most of it's refrigerators. There is also widespread criticism of LG's warranty and service practices related to these compressor failures. | |||
|Ongoing | |||
|https://www.yahoo.com/news/lawsuit-filed-against-lg-over-160000333.html | |||
|https://www.nbcbayarea.com/investigations/consumer/lg-refrigerators-failures-update/3465620/ | |||
|- | |||
|Smart Home Privacy Violations | |||
| | |||
|LG's smart home devices; ranging from it's large home appliances, vacuum cleaners, and it's TVs have been criticized for their aggressive data collection policies and forced arbitration. | |||
|Ongoing | |||
| | |||
|https://www.youtube.com/watch?v=3suztVz8s7s | |||
|} | |||
== LG Smart Home Privacy Violations == | == LG Smart Home Privacy Violations == |