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Apple. But for a different reason than you might think. They’ve now made so many promises about privacy that if they renew on those promises (ie such that the

by MR4D 8y ago

Apple. But for a different reason than you might think. They’ve now made so many promises about privacy that if they renew on those promises (ie such that they were lying), then their will be shareholder and other lawsuits till the end of time. Tim Cook would be in court for a decade. Pretty darn good incentive to keep to their path.

extralego 8y ago
Is it recent that shareholder lawsuits started serving this purpose of cryptic and costly checks and balances? Might this arrangement only exist because the Apple brand depends on a level of dignificafion somewhere above Surveillance State Overlord? It’s not nearly as comforting for me as it seems to be for you, but I guess it’s a decent point in this situation.
- MR4D 8y ago
  The rule that allows class actions has been in place since 1966, but has taken different meanings (due to both changes in the law and court interpretations) since that time. In the case of a misleading material statement (which this type of case would fall under) legal remedies go back to the Securities Act of 1933, which prohibit such statements. [0] I agree, it's not the most comforting, and worse, it would be a long, protracted battle that could easily last the better part of a decade. My gut feel is that such an event would be brutal on management and the stock price for years, so any rational manager would do everything they could to avoid that situation. [0] - IANAL, but I do work as a licensed practitioner in the securities industry.
jacksmith21006 8y ago
Apple in China gave all their customer data to the China government including encryption keys. Versus Google chose to leave China after the government tried to hack Gmail accounts. "Campaign targets Apple over privacy betrayal for Chinese iCloud users" https://www.amnesty.org/en/latest/news/2018/03/apple-privacy-betrayal-for-chinese-icloud-users/ https://www.amnesty.org/en/latest/news/2018/03/apple-privacy... Would seem one gave up privacy for a buck and the other did not.

by MR4D 8y ago

extralego 8y ago

Is it recent that shareholder lawsuits started serving this purpose of cryptic and costly checks and balances? Might this arrangement only exist because the Apple brand depends on a level of dignificafion somewhere above Surveillance State Overlord? It’s not nearly as comforting for me as it seems to be for you, but I guess it’s a decent point in this situation.

MR4D 8y ago
The rule that allows class actions has been in place since 1966, but has taken different meanings (due to both changes in the law and court interpretations) since that time. In the case of a misleading material statement (which this type of case would fall under) legal remedies go back to the Securities Act of 1933, which prohibit such statements. [0] I agree, it's not the most comforting, and worse, it would be a long, protracted battle that could easily last the better part of a decade. My gut feel is that such an event would be brutal on management and the stock price for years, so any rational manager would do everything they could to avoid that situation. [0] - IANAL, but I do work as a licensed practitioner in the securities industry.

jacksmith21006 8y ago

Apple in China gave all their customer data to the China government including encryption keys. Versus Google chose to leave China after the government tried to hack Gmail accounts. "Campaign targets Apple over privacy betrayal for Chinese iCloud users" https://www.amnesty.org/en/latest/news/2018/03/apple-privacy-betrayal-for-chinese-icloud-users/ https://www.amnesty.org/en/latest/news/2018/03/apple-privacy... Would seem one gave up privacy for a buck and the other did not.