July 21, 2014

Status Updates - July 2014 #8

Aaron Rubin

Morrison & Foerster LLP - Social Media

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The average millennial checks his or her smartphone 45 times a day and learns about news online primarily through Facebook and Twitter, according to a new survey. Search engines and email, the “more traditional” venues, rank well below social media as a source of information.

The Securities and Exchange Commission has suspended trading in Cynk Technology Corp., a supposed social network that caught attention with a skyrocketing stock price, even though it had no members and no assets. The SEC said it had concerns about potentially manipulative transactions in the company’s stock.
Just as Google did, Bing is now accepting requests from European users to implement the “right to be forgotten” on the Internet. The search engine, owned by Microsoft, will accept such requests but does not guarantee that it will remove the information in each instance.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.