Facebook has filed a countersuit claiming Canadian telecommunications company Mitel Networks is infringing on patents it now owns, The Next Web reports. The social network alleges that Mitel infringes on its patents for a “telephone status notification system” and “user definable on-line … Continue reading →
Facebook stock picks up slightly after all-time low – Facebook shares closed at $21.09 today, up slightly from their all-time low earlier this week of $19.82. The stock has taken a beating since its second quarter earnings report and it … Continue reading →
More Problems For Apple In Portugal? Apparently It’s Getting Sued For 40M Euros By A Reseller [Report]Posted by Ingrid Lunden, under Apple, Europe, Gadgets, Legal, Mobile, Portugal, TC
Another legal tangle for Apple in Portugal? Just days after a consumer rights group in the country said it was preparing to bring legal action against Apple over the wording of its AppleCare warranty service, it has emerged that an IT reseller and distributor called Taboada & Barros is already suing Apple over claims of price fixing and unfair trade practices, asking for €40 million ($49 million) in damages.
According to a report in the Portuguese-language Apple blog iPhoneTuga – citing details first reported in the Portuguese weekly newspaper Sol – the suit stretches back to February but seems to have only been made public now, in light of the action being taken by the Portuguese Association for Consumer Protection (DECO). Unlike the DECO case — which has a precedent in Italy, where Apple was fined $1.2 million over a similar matter — this lawsuit is less cut and dry.
Facebook roundup: Yahoo patent dispute resolved with new partnership; stock rises, same-sex marriage icons and morePosted by Brittany Darwell, under Advertising, App Center, Facebook, Legal, Timeline
Facebook and Yahoo have resolved their patent disputes out of court, agreeing to cross-license their patent portfolios and begin a new advertising partnership, according to a press release. All Things D, which broke the news this morning, says the settlement does … Continue reading →
Facebook will have to give users more control over which of their actions can be promoted in Sponsored Stories, as part of a settlement for a suit claiming the social network violated California law by using people’s names and images … Continue reading →
Facebook and Yahoo are looking to settle two patent-infringement suits between the companies, according to a court filing from Yahoo. Yahoo’s lawyers confirmed that the company is in negotiations with the social network and they requested the court grant them a two-week … Continue reading →
Facebook stock above $30, denial of IPO fraud, alliance against ad scams and more on this week’s news roundupPosted by Brittany Darwell, under Ad Providers, Ads API, Advertising, App Center, Facebook, IPO, Legal, Mobile
Facebook shares are back above $30 for the first time since May, closing today at $30.01 — up 6 percent from Thursday. Earlier today Facebook filed a motion to consolidate the 40-plus class-action lawsuits against the company following its initial … Continue reading →
Facebook stock back up, Nasdaq under fire, Yahoo settlement close, and more on this week’s news roundupPosted by Brittany Darwell, under Facebook, finance, IPO, Legal, Security
Facebook stock ends week on a high note – Facebook closed today at $27.10, up 3 percent from Thursday. Shares fell below $26 on Wednesday, their lowest since the company’s initial public offering on May 18, which priced shares at … Continue reading →
Facebook offers little information on outages — Facebook went down for many users over the course of several hours Thursday, but the company won’t share the extent of the outage or what caused it. Facebook said in a statement that … Continue reading →
Lawsuits and regulatory investigations turn IPO into a black eye for Facebook, underwriters and NasdaqPosted by Brittany Darwell, under Facebook, Featured, IPO, Legal
Facebook, its underwriters and the Nasdaq exchange continue to face scrutiny over the company’s $16 billion initial public offering, as a number of investors have filed lawsuits and regulators have called for investigations. Facebook’s stock closed at $32 today, up … Continue reading →