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Why is Apple so sour about Bitcoin?
Wall St. Cheat Sheet ^ | 12/10/2013 | Emily Coyle

Posted on 12/27/2013 11:02:52 PM PST by TsonicTsunami08

There are a handful of companies you don’t want to mess with, and one of them is Apple (NASDAQ:AAPL). The tech giant has serious clout these days, and its support or endorsement could mean the world for struggling startups and new technology. Unfortunately for many, though, Apple doesn’t exactly give out its approval liberally, and in fact, it has no problem handing out the opposite. Developers behind Bitcoin, the digital currency, learned that lesson the hard way recently as they faced several rejections from Apple, and questioned why the Cupertino, California-based company seemed to have it out for them.

(Excerpt) Read more at wallstcheatsheet.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: bitcoin; cryptocurrency; gold20
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To: Still Thinking

Meet Orin Snyder, the deadliest trial lawyer in tech
http://www.theverge.com/2013/6/10/4407682/meet-orin-synder-the-tech-sectors-deadliest-trial-lawyer

Apple landed its first big blow last week when Snyder decimated Google’s witness in ebooks antitrust trial

Apple heads into the second week of the ebooks antitrust trial on the heels of a courtroom victory. Last week, a Google executive took the stand to testify on behalf of the government; Orin Snyder, Apple’s lead counsel and one of the country’s top trial lawyers, chopped his credibility into sushi.

It’s worth revisiting because lawyers from the US Department of Justice, who allege that Apple conspired with a cabal of big publishing houses to raise ebook prices in 2010, somehow failed to anticipate the mismatch that would occur when Snyder questioned Thomas Turvey, Google’s director of strategic partnerships. Turvey got drubbed on the witness stand and the prosecution’s lawyers should have seen it coming. Snyder is not yet the household name that David Boies or Alan Dershowitz are, but he’s speeding in that direction.

“SO NOW YOU SAID ‘LIKELY’ TOLD. DO YOU RECALL JUST USING THOSE WORDS?”

Snyder, 50, has won big cases for Cablevision, Warner Bros. Music Group, and Capital One Financial Corp. He’s become a favorite in the entertainment industry and represents such marquee clients as Bob Dylan, Jerry Seinfeld, and The Rolling Stones. He told The Hollywood Reporter in 2011 that celebrities favor “a warrior who thinks outside the box.” Snyder, who works for mega law firm Gibson Dunn, has also proven himself in the tech sector. As counsel to Facebook and the company’s founder Mark Zuckerberg, Snyder challenged the authenticity of the emails that businessman Paul Ceglia alleged were written to him by Zuckerberg, emails Ceglia claimed proved he owned 84 percent of Facebook. Instead of becoming a billionaire, he was arrested last year and charged with fabricating evidence.

When Cablevision sued the Dish Network for pulling the plug on a high-definition TV service it hired Snyder, who eventually convinced the court that Dish managers destroyed the evidence. According to reports, that led to a settlement in which Cablevision walked away with $700 million.


21 posted on 12/28/2013 6:36:26 AM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: txrefugee

They’re not accepting the US dollar? Who knew!


22 posted on 12/28/2013 9:36:37 AM PST by TsonicTsunami08
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To: Star Traveler

“Apple was accused of that by the US Government (can we say “Obama”) who wants to control everything inside businesses. But keep in mind, Apple does not agree that this is the case and they are still fighting this case, legally. We haven’t gotten to the end of the case, yet.”

They have already been found guilty and this is a classic case collusion. Of course they don’t agree, they planned on getting away with it.


23 posted on 12/28/2013 11:02:15 AM PST by dangerdoc (see post #6)
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To: dangerdoc

It’s not over until the fat lady sings ... And she hasn’t screeched yet ... :-) ...


24 posted on 12/28/2013 11:03:44 AM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Star Traveler

You are delusional, Apple was the bad guy here, my ebooks that are nothing but digital bits that cost nothing to print, store or ship went from about $6 before Apple stepped in to about $12 after they did (averages of books that I buy, maybe different for you).

I as a consumer got no benefit from that price increase. Unless you are an investor in Apple, you did not either.

I personally cheered after the verdict and have seen prices go down since then. The pleasure I got was not as a fan of a particular company, it was from saving money.

Now that the scheme has been broken, I don’t particularly care if Apple wins or loses their appeal as long as they are not in the position to screw me over again.


25 posted on 12/28/2013 11:24:16 AM PST by dangerdoc (see post #6)
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To: dangerdoc

Well ... I know there are Apple-haters out there, but they are going to have to wait for the conclusion of the legal proceedings, too ... just like we are ... :-) ...


26 posted on 12/28/2013 11:29:53 AM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Star Traveler

They have been found guilty. They are appealing the punishment.


27 posted on 12/28/2013 3:39:25 PM PST by dangerdoc (see post #6)
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To: dangerdoc

That’s what the legal system is for, as you go up the ladder ... to review lower courts and toss out their judgements.

It ain’t over til the fat lady sings, and she is just warming up right now ... :-) ...


28 posted on 12/28/2013 4:13:56 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Spktyr
I see then of course it was overturned on appeal then...

right...?

< crickets chirping >

29 posted on 12/28/2013 6:26:36 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg

The appeal was filed right away, which means last month. It was not dismissed so we’ll see where it goes.


30 posted on 12/28/2013 9:51:01 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: dangerdoc

It was actually proven in court that Apple’s actions actually drove the average price of ebooks down, not up.


31 posted on 12/28/2013 9:51:48 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: TsonicTsunami08

Sour Apples?


32 posted on 12/28/2013 10:33:19 PM PST by No Whey Jose (What's a tagline?)
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To: Spktyr

Good is bad. Up is down. Say the opposite like it is the truth enough and people believe it especially if they want to.


33 posted on 12/29/2013 6:18:31 AM PST by dangerdoc (see post #6)
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