New York, NY -- (ReleaseWire) -- 12/31/2012 --Facebook Inc (NASDAQ:FB) 25.91 -0.14 (-0.53%). Instagram users annoyed with new rules, carried out their threats to dump the popular photo-sharing app. The app acquired by Facebook Inc (NASDAQ:FB) earlier this year for $1 billion, has lost nearly a quarter of its daily active users owing to the debacle. The company changed its service terms last week to incorporate advertising. The new terms allowed the company to sell user photos for advertising and promotions “without any compensation to you.”
Facebook, Inc. is a United States-based company, which operates as a social networking Website. The Company develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections.
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Apple Inc. (NASDAQ:AAPL) 509.59 -5.47 (-1.06%). Apple Inc. (AAPL) has seen its share of legal troubles in China this year, and this time, it's by way of copyright infringement. A Chinese court found AAPL guilty of hosting third-party applications at its App Store, which was also selling pirated e-books. The iPad parent was ordered to pay roughly $160,000 in damages to several Chinese writers and two companies.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
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