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It's fraud. The legal way to do this is to go bankrupt, launch app 2.0, and market it under a similar name. They have a ponzi scheme business model, it failed
by TheBobinator 7y ago
It's fraud.
The legal way to do this is to go bankrupt, launch app 2.0, and market it under a similar name.
They have a ponzi scheme business model, it failed. There's nothing legal about this; you make promises, you sign contracts, you have to live up to them.
We, the little insignificant people, have to afterall. The rules for us and them are the same.
You do this to a few people you lose your shirt, you do this to thousands or tens of thousands, that accousts the public trust. Management should be in handcuffs and in jail for this.
This news site is questionable for calling the business practice "questionable".
- kspacewalk2 7y agoThe terms of the original licence state that it's revocable. This covers them legally. The issue here is not legality, it's whether it not this is a good business practice (questionable) and good communication with your customers (clearly not).
- Nrbelex 7y agoThis is inaccurate. See Section 5(a) of the FTC Act, which provides that “unfair or deceptive acts or practices in or affecting commerce . . . are . . . declared unlawful.” This is an easy case for the FTC and state regulators.
- gremlinsinc 7y agoThey don't have to go bankrupt. Just sunset Cerberus and launch another app w/ similar features different branding and an easy one-click 'transition' w/ different pricing/etc.