Instagram just got a lump of coal in its stocking: a class action lawsuit, which was filed in response to its change of service terms last week. Reuters reports that a California Instagram user has leveled breach of contract and other claims against Instagram owner Facebook. In response, Facebook told Reuters “we believe this complaint is without merit and we will fight it vigorously.”
Instagram did keep language in its policy, however, that gives it the ability to place ads related to user content. The lawsuit filed by San Diego-based law firm Finkelstein & Krinsk alleges that even if users delete their Instagram account, they forfeit rights to photos they have already uploaded. “
In short, Instagram declares that ‘possession is nine-tenths of the law and if you don’t like it, you can’t stop us,’” the lawsuit says.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here