On Wednesday, a man went viral after posting his dispute with Apple over three movies that he’d previously purchased that suddenly disappeared from his iTunes library. Many people took it as an opportunity to remember that ownership is dead and we’re all just renting. It’s also an opportunity to remember that’s not exactly the case. Continue reading Yes, You Can Own the Movies You Buy from Apple, Kinda
More tech companies are about to face congressional scrutiny. Leaders from Amazon, Apple, AT&T, Charter and Google are scheduled to testify before a US Senate panel at a data privacy hearing on September 26th. Senators will grill the companies on their existing approaches to privacy, how Congress can press for “clear privacy expectations” and how firms will adapt to stricter requirements like the European Union’s GDPR and the California Consumer Privacy Act.
Apple’s status as the only public trillion-dollar company didn’t last long. Amazon has been flirting with a $1 trillion market cap throughout trading on September 4th, passing the symbolic milestone in the morning. It reached the figure through a relatively recent surge, CNBC pointed out. While Apple reached $900 billion eight months earlier, Amazon’s stock price has been climbing steadily throughout most of 2018 and has thrived since a record-setting Prime Day in July.
The stock price needs to clear $203 per share to hit the historic milestone. Continue reading Apple is this close to $1,000,000,000,000
Dr. Dre and Jimmy Iovine have been ordered to pay more than $25 million to their former business partner Steven Lamar. Continue reading Dr. Dre and Jimmy Iovine Ordered to Pay $25M to Former Beats Business Partner
This week, The New York Times reported that tech companies met with US government officials to discuss security and possible foreign influence around the 2018 midterm elections. Representatives from Amazon, Google, Twitter, Oath, Microsoft, Snap and Apple met at Facebook’s headquarters in California. Christopher Krebs, an under secretary for the Department of Homeland Security, and an unnamed representative from the FBI’s foreign influence task force were present at the meeting.
In a patent case that has been running since 2011, today a jury ruled that Samsung owes Apple $539 million in total. In 2012 Apple was awarded nearly $1 billion in damages, and Samsung agreed to pay as much as $548 million, but after the verdict was thrown out by the Supreme Court, we ended up in a retrial with hundreds of millions at stake. Samsung has already paid Apple some $399 million over these patents, and in a statement an Apple spokesperson said: Continue reading Jury rules Samsung owes Apple $539 million in iPhone patent trial