Blackberry’s tough times continue as their shareholders cry foul. In a recent class-action lawsuit, thousands of investors claim that they were misled by the company’s lofty sales expectations. Many are complaining that the company failed to compete with industry leaders Google and Apple (let alone Microsoft). The lawsuit includes a number of those who bought stock in Blackberry over the past calendar year. Unhappy campers are furious that they mistakenly placed their faith in the wrong smartphone/technology movement and are seeking damages. Read more
You might think twice before uploading your next picture. There is a class-action lawsuit has been filed against Instagram in regards to their newly updated Terms of Service. The photo-sharing company recently announced a change in their TOS that, in some eyes, relinquishes their users’ ownership of personal photographs they chose to upload. In theory, the Facebook-owned company would be able to use any added pictures and images to promote their own brand. The civil suit, based out of Northern California, contends that the pictures’ rights should be retained by the photographer and technically do not belong to Instagram. These proposed changes are scheduled to take effect early in 2013 and include the company’s advertising access to any personal information given by the end user.