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(CNBC)   Facebook settles lawsuit over 'sponsored stories' (sponsored link)   (cnbc.com) divider line 13
    More: Obvious, Facebook, class-action  
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1354 clicks; posted to Business » on 23 May 2012 at 3:33 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-23 03:41:30 PM
This comment was brought to you today by the letter Z.................
 
2012-05-23 03:47:11 PM
img407.imageshack.us
 
2012-05-23 03:54:16 PM
FTA: Five Facebook members sued the social networking site last year, alleging that the "Sponsored Stories'' feature violates their right to publicity under California law.

Not from California, what is this right that they are talking about?
 
2012-05-23 04:03:05 PM

PsyLord: FTA: Five Facebook members sued the social networking site last year, alleging that the "Sponsored Stories'' feature violates their right to publicity under California law.

Not from California, what is this right that they are talking about?


The right of publicity, often called personality rights, is the right of an individual to control the commercial use of his or her name, image, likeness, or other unequivocal aspects of one's identity.
 
2012-05-23 04:05:35 PM
So grabbibg big chunks of unearned money mitigates the harm that was not done? That sounds like it would be harmful to Facebook.
They should sue whoever wrote that stupid law for damages, because it is harmful.
 
2012-05-23 04:11:09 PM
This shiat is going to get ugly.
 
2012-05-23 05:09:03 PM
Lawsuit over publicity stuff.
Lawsuit over shady trading practices.

The thing that pisses me off, is that even if Zuckerberg is sued into oblivion, loses all his share value, and is thrown ot of Facebook... he will STILL be rich enough to never have to work again in his life.
 
2012-05-23 05:44:48 PM
I'll start my own facebook...
With lawyers, guns, and money...
And hookers...
 
2012-05-23 06:04:32 PM
Don't get excited. Class action lawsuits are always bullshiat cashgrabs by the lawyers and the handful of complainants. I was a member of a dating site once that settled a class action for literally creating thousands of fake profiles of beautiful women and leaving them there for guys to imagine are actual people when they search the site. You couldn't find out that they wouldn't write you back until after you had paid to join (FYI, this wasn't some sketchy site on the fringe of the net; it was The Onion Personals).

The guy who made the complaint was rewarded with $20K. The lawyers split something like $60K if I remember. Everyone in the class was awarded three credits so we could use the website to contact three people. By the time I was awarded the stupid credits it was two years after I stopped using the site, deleted my profile, and was living with a girlfriend. Thanks a ton. I actually wrote a letter rejecting the award and retaining my option to sue outside the class, but it wasn't worth it for a $25 claim or whatever.
 
2012-05-23 08:45:26 PM

sure haven't: Lawsuit over publicity stuff.
Lawsuit over shady trading practices.

The thing that pisses me off, is that even if Zuckerberg is sued into oblivion, loses all his share value, and is thrown ot of Facebook... he will STILL be rich enough to never have to work again in his life.


Yes, all he did was found a startup in his dorm room while working his ass off through his undergrad degree at Harvard, and turn it into a service used daily by hundreds of millions of people, fundamentally changing how people communicate and ushering in an entire new generation of the web. What a lazy bum. Say whatever else you like about Zuckerberg or his product, complain about the IPO but if you do something that changes the world like that, you earned your payday.
 
2012-05-23 09:01:40 PM

wisher21: sure haven't: Lawsuit over publicity stuff.
Lawsuit over shady trading practices.

The thing that pisses me off, is that even if Zuckerberg is sued into oblivion, loses all his share value, and is thrown ot of Facebook... he will STILL be rich enough to never have to work again in his life.

Yes, all he did was found a startup in his dorm room while working his ass off through his undergrad degree at Harvard, and turn it into a service used daily by hundreds of millions of people, fundamentally changing how people communicate and ushering in an entire new generation of the web. What a lazy bum. Say whatever else you like about Zuckerberg or his product, complain about the IPO but if you do something that changes the world like that, you earned your payday.


wisher21: sure haven't: Lawsuit over publicity stuff.
Lawsuit over shady trading practices.

The thing that pisses me off, is that even if Zuckerberg is sued into oblivion, loses all his share value, and is thrown ot of Facebook... he will STILL be rich enough to never have to work again in his life.

Yes, all he did was found a startup in his dorm room while working his ass off through his undergrad degree at Harvard, and turn it into a service used daily by hundreds of millions of people, fundamentally changing how people communicate and ushering in an entire new generation of the web. What a lazy bum. Say whatever else you like about Zuckerberg or his product, complain about the IPO but if you do something that changes the world like that, you earned your payday.


Uh no. He dropped out of school, and happened to win the internet lottery. Something was bound to replace MySpace. It wasn't market research and good business sense and strategy, it was a guy wanting to get laid who ended up getting extremely lucky.

Add to that his loose handedness with privacy and his overall douchey demeanor, and there's not really a lot to admire.
 
2012-05-23 09:17:48 PM

Uh no. He dropped out of school, and happened to win the internet lottery. Something was bound to replace MySpace. It wasn't market research and good business sense and strategy, it was a guy wanting to get laid who ended up getting extremely lucky.

Add to that his loose handedness with privacy and his overall douchey demeanor, and there's not really a lot to admire.


I don't remember ever saying that he graduated, or that he succeeded entirely due to his own merits. For that matter I don't even like the guy. But there are a lot of people who have done amazingly well with their companies due in large part to luck. Microsoft became so successful largely because IBM dropped the ball at just the right time. But the fact is he did succeed, people did join, and now he has a successful multinational company. If you do that, you get to get paid. Whether it's still successful or even relevant years from now remains to be seen. It's dumb to say "gee, I could have done that." Well, you didn't. Twitter seems like a trivial app that could have been written in a day or two. Youtube seems fairly simple in retrospect. Having the insight to see a market where none exists, and the ability to build something that people use en masse is the key.
 
2012-05-25 04:51:56 AM

wisher21

It's dumb to say "gee, I could have done that."


I don't remember sure haven't saying that
 
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