This is very incorrect. I work at Indeed. The company from the leadership on down has talked & moved for years towards better aligning what we deliver & what we charge money for with what our customers want (hires).

You seem to have a jaded point of view, which is understandable. Indeed has historically operated on a pay per click model, similar to much of online advertising. In that model, much of the traffic is by definition not valuable.

Nevertheless, your statements about the conflict of interest are incorrect, and the business is very much not unethical.