Instagram users modify terms of service event is raised the collective litigation

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Beijing time December 25 messages, according to a Reuters report, owned Instagram photo sharing Facebook application last week to modify terms of service arising from the protests and many people have thus led to civil lawsuits for the first time. Instagram users one California class action recommendations vehicle dvr to a San Francisco Federal Court on Friday, accusing Facebook of violating contracts and other requirements.

$ 715 million for Facebook earlier this year acquired Instagram. This service allows the user to add a filter for photos and results and easily share these photos on the Internet.

Instagram announced last week to amend terms of service make people doubt it will sell user photos without any compensation. Instagram has also issued mandatory arbitration clauses, except in limited circumstances, force users to abandon the right to participate invehicle dvr collective action.

Current terms of service is valid until mid-January, which did not contain the disclaimer content.

User outcry prompted Instagram, founder and CEO of kaiwen·saisiteluomu (Kevin Systrom) in a few days to make some concessions, deleted the articles on display the user photo without compensation.

However, Instagram uphold its terms to display advertisements in connection with user content, and said it may not identify paid services, sponsored content or business communications. Instagram also retains a mandatory arbitration clause.

The suit was made by the Finkelstein&Krinsk law firm in Santiago. The lawsuit, disagreed with the Instagram users terms ofcar dvr service you can cancel your own personal settings, and then give up their previous photos in this shared service rights.

The lawsuit, in short, Instagram declared possession of 90% legal rights. If you don't like it, you can't stop it.

2013 United States IPO market: focusing on social media and Chinese companies

    
Beijing, December 25, foreign media recently carried an article for 2013, United States prospect to the IPO market. Articles pointed out that, market Shang may does not exists social media "bubble",mobile dvr Twitter if eventually decided listed will on this views correct or not made validation; this year listed of large data company failed to become market Shang of large winner, but market on this company still quite interested; also, only products will and more playing of success listed may will for 2013 China company in United States IPO market Shang of recovery paved the road.

Following is the full text of this article:

In some years, only an IPO (initial public offering) transaction you define. In accordance with the criteria of size, importance or degree of success, a IPO transactions become a full year of all signs of IPO transactions.

In mid-2012, Facebook IPO transactions is a defining feature of this transaction, just like GM's IPO in 2010, the deal is more or less has been associated with all. Facebook IPO transactions is not only the biggest pile in 2012 (raised US $ 16 billion), which is also the most by hype, as well as one of the most controversial.

Investors in the past few years have been waiting for Mark Zuckerberg (Mark Zuckerberg) founded the social networking company's IPO listing. When NASDAQ on May 18 this year messed up after Facebook's IPO trading, it is subsequently found to be responsible for underwriting the deal Bank of biased in favour of certain customers, to provide updated revenue Outlook data. Listing in just a few months later, Facebook's share price has fallen by more than 50%, so the company firmly occupies a place in the history books.

However, the hype alone does not create a hot IPO market, Faebook IPO transactions car dvr completed, for a long time neither company IPO listing. In spite of the number of listed companies--such as Workday human resources software provider, focusing on adolescents ' featured retailer Five Below, and Palo Alto Networks enterprise firewall companies – are among the best performers this year's IPO included companies, but from an overall point of view, as far as the IPO market, beginning of 2012 's performance was the most popular since 2000, but in the end it was somewhat disappointing.

According to the Renaissance Capital IPO research institutions (Renaissance Capital) published data show that as of December 14, this year in the United States listed companies raised a total of $ 43 billion in IPO funds, its average return of 17%, compared with 2011 has improved.

However, want to set 2013 United States IPO market Outlook will remain a challenge, this year might not have a huge IPO transactions as part of its landmark transactions. Rehabilitation capital of analyst baoluo·bade (Paul Bard) pointed out that, according to promoting start-up enterprise financing Bill under (JOBS Act) of provides, small company can secret submitted IPO applications, "created a mass of ' shadow reserves ' (is company prepared listed, but has not been official external announced)", this on means with and past years compared to, currently prepared for of IPO transactions difficult to for than.

According to the Renaissance Capital estimates, once the time is in 2013, there will be 50 to 60 are actively preparing for IPO companies may start the listing process. Bard noted that, with the companies that submitted its IPO application documents in secret, so that number will at least double.

Ipreo also have this perception of market intelligence company, through scrolling of the company over the past 6 months submitted its IPO application to track companies, its data showed as of mid-December, only 35 companies ready to IPO, its lowest level since 3.5 years. But that figure does not include the IPO application documents have been submitted secret company, these companies may benefit from the Act on financing for start-ups but did not publicly disclose the information.

Following some of the iPO market is the concern of the 2013 theme:

Social media

Venture capitalists, Facebook Board Member Mark Anderson (Marc Andreessen) said that social media does not exist in the market "bubble", because judging from the open market, did not receive an excessive price inflation--Facebook Groupon, the social gaming company Zynga, buy giant, even professional social networking company LinkedIn IPO listing face hit-after-another reason is, Price inflation only to affect one-fourth of the company.

If Twitter final IPO listing, so when the listing, Anderson's been validated this view is correct. According to United States technology blogvehicle dvr All Things d reported that Twitter recent management changes--Chief Financial Officer Ali·luojiani (Ali Rowghani) became the Chief Operating Officer, the Zynga Chief Financial Officer Maike·guputa (Mike Gupta) as Twitter's chief financial officer--may be a sign, indicating that the company is ready to IPO.

But Bard is sceptical, due to Facebook in the middle of 2012 brought unrest to the IPO market. He questioned whether the market will social media company's IPO transactions are "appetite", and such a company's ability to market its rapidly growing mobile usage in commercially cautious.

At the recent meeting, Twitter's Chief Executive, dike·kesiteluo (Dick Costolo) says he will publicly listed as a finance company will take into account opportunities, but immediately imply that there is no need to use the open market to finance the future growth of the company. "Our intention is to exist for a long time, and constant growth, growth, growth. "He said, suggesting that Twitter IPO listing less likely in the near future, but it has not been without its may IPO.

Share cession

Pfizer Zoetist plans its animal health sector company listing, this is a very large business sectors (annual revenues of up to us $ 4 billion), in a low growth environment, investors are likely to look after the company, use them as a defensive investment. Bard noted that the upcoming IPO deal reminiscent of the Bristol-Myers Squibb (Bristol-Myers Squibb) in 2009, Division of pediatric nutrition company Mead (Mead Johnson) deal.

In the financial sector, banking company Netherlands International Group (ING) is preparing to spin off its Netherlands International Group of United States companies (ING US) because under Netherlands Government in 2008 of the company implementing the conditions of the assistance provided, Netherlands International Group to spin off its overseas operations. On the level of revenues as well as the investment community is very familiar with the business model, the life insurance business units may become one of the largest IPO transactions in 2013.

Real estate investment trust

Lower yields on fixed-income markets has prompted investors to shift assets such as real estate investment trusts to seek better rates of return; as long as the industry continues to maintain good performance, then investors will embrace the best assets held by these companies.

Empire State Building Associates owns the Empire State building (Empire State Building) this iconic Manhattan skyscraper, the building can be described as the company's "Pearl of the Crown". As long as the holdings of investors in listed company converted to a real estate investment trust after agreement with the existing shareholders on the issue of the ownership structure, it would attract a lot of investor interest, Bard said.

Large data

Since its IPO listing, business intelligence software provider Splunk, and enterprise-class solid state drive manufacturers Fusion-io is not one of the big winners, but for those who can help enterprise it business and created huge amounts of data in the customer company, markets are still quite interested. Bard said, data visualization software company investors are interested in the growth and valuation of the Palantir Technologies, run by Pite·taier (Peter Thiel) support company (who is also the Chairman of the company) may be in one desperate venture support company in the year 2013.

China

Not long ago, Chinese companies are United States top company in the IPO market; however, the disappointing performance of the company after the IPO-"when investors lose money, IPO activity will start to get dry. "Bard says – in mid-2012, IPO in New York-listed Chinese companies a significant reduction in the number of 83%, to just two.

However, the two companies--the only product (NYSE ticker: VIPS) and social networking play more (NASDAQ ticker: YY) – performed well, may 2013 Chinese companies in the United States paves the way recovery in the IPO market.

There is a concern of the company, that is the Alibaba group. In a deal with Yahoo to buy back after the latter half of its shares held by Alibaba CEO Jack MA (micro-blogging) next move could be sometime in 2013 will be the Group's IPO-listed.

Private-equity investment firms

During the recent financial crisis had leveraged buy-out has experienced a prosperous period, remnants of this period still hold many private-equity assets. Bard said, high-end department store Neiman·makusi (Neiman Marcus) and the Hilton hotel chain--the two companies respectively in 2005 and 2007 leveraged takeover targets--are likely to be available in 2013.

If consumer spending could rise, then Neiman·makusi is likely to take action. In April this year, the private equity firm Texas Pacific Group (TPG) and Pincus LLC (Warburg Pincus) have paid dividends to its own; for a private-equity investment firms to provide support for large companies, which often return to the public markets of the company threatened.

Hilton is the Blackstone Group (Blackstone Group) a holding company that provides support; thrive in an age of leveraged buyout transactions, a company that has $ 26 billion high set one of the largest leveraged buy-out. If the United States economy to overcome the so-called "fiscal cliff" ("financial cliff," a Word from Federal Reserve Chairman Ben Bernanke (Ben Bernanke) was originally used, used to describe an January 1, 2013, a "node") and continued to make progress, then the chain hotel group's prospects should have improved. In mid-2012, Starwood Hotel International Group (Starwood), the United States second largest party contractor Marriott International Group (Marriott) and Wyndham Hotel Group (Wyndham) mobile dvrlisted company's shares rose about 20% or above.

Go to Mars?

Ailun·masike (Elon Musk) might try to the third IPO transactions for three years, the space firm SpaceX IPO listing; prior to that, he had in 2010, Tesla Motors (Tesla Motors) IPO listing, listing on December 12 solar SolarCity. At present, the SpaceX contract up to 2017 with a total value of us $ 4 billion, and Mascaud to have affirmed the intention to IPO the company listed more than expected is likely to be at the end of 2013 or start the IPO process.