| Volume 73 Number 10 |
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The People’s Lawyer’s Tip of the Day
Don't sign a contract to buy a car unless you are sure it is the car you want to purchase. Contrary to what many people believe, the law does not give you three days to change your mind. Once you sign, you are legally bound. Click here for more.
Facebook Approaching 1 Billion Users
In an updated filing with the Securities and Exchange Commission (SEC) in preparation for Facebook's upcoming initial public offering (IPO), Facebook reported 901 million monthly active users, including 488 million using Facebook mobile. The reported number of Facebook users went up 56 million users since the IPO was announced in February. The social networking powerhouse pulled in a staggering $3.7 billion in revenue in 2011. What does the future look like for Facebook? Click here for more.
Google Launches Free Cloud Storage
If you're looking for free online storage, Google has you covered. The company introduced its new cloud storage service this week, offering consumers 5 gigabytes of storage for free, compatible with PCs, Macs, and Android devices. At this time, the service is not compatible with the iPhone of iPad. The free service will allow consumers to create, store, access, and search content from any location with an internet connection and access to Google. Consumers have recently voiced concerns over the company's privacy policy. Is Google Drive right for you? Click here for more.
iPhone Sales Come in Below Expectations
If the rumors are true, Apple intends to release the next generation of the iPhone by October of this year. However, as the company prepares to release the upgraded model of the popular phone, reports from Verizon and AT&T indicate that sales of the iPhone came in far below expectations for this quarter. AT&T activated 4.3 million devices while Verizon activated 3.2 million devices, down 43% and 24% respectively from the last quarter. What's to blame for the slump in sales? Click here for more.
Your Money
Are you expecting a tax refund this year? How much can you earn if you tuck it away? Click here for more.
For the Lawyers
New tobacco warning statute constitutional. The Sixth Circuit held that the new federal statute requiring tobacco companies to include graphic warnings on cigarette packages does not violate the First Amendment. Click here for more.