Apple's grasping greed knows no bounds (Apps)

On 7/6/2011 8:54 PM, Rich wrote:
wrote in :

On 05/07/2011 11:01 AM, RichA wrote:
http://money.cnn.com/2011/06/28/tech...tml5/index.htm

Apple and Google (GOOG, Fortune 500) currently take up to a 30% cut of
the revenue from app sales. Apple (AAPL, Fortune 500) wants to go even
further: It wants a piece of the action on any kind of content or
subscription sale made through its apps. Developers face a June 30
deadline to get in compliance, after which apps will no longer be
allowed to link to external sites for purchases.

As publicly traded companies, their only obligation is to their
share-holders. I would guess Rich owns zero shares in either company.

Mike


Same excuse the banks used to defend derivative buying and selling. We
saw how that went...


There is vast a difference between marketing and and fraud.

The evil in the derivative selling was the lack of adequate disclosure
of the risks, which made any due diligence by the buyers impossible. If
a buyer makes a purchase without adequate due diligence, the buyer bears
the consequences.
A large portion of The disclosure fraud committed was that certain
banking institutions failed to disclose that they were taking a short
position in the very same securities they were selling. They were
selling: insured mortgage backed securities. Technically that is what a
buyer received. The buyers never inquired into strength of the insurance
company backing the securities, and more importantly the value of the
realty securing the obligations.

Come out of your basement and learn the difference.


--
Peter