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Money

Apple pays millions to end customer’s explicit images leak lawsuit

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Apple has paid millions of dollars to settle a lawsuit with a young woman after technicians leaked explicit photos from her iPhone that was sent in for repair

In 2016, an unnamed student in Oregon sent her iPhone to Apple, as part of the repairs process.

The device was then handed over to a Pegatron facility in Sacramento, California, where it was examined by technicians.

Two of the technicians then posted multiple videos and images to the woman’s Facebook account, according to a report, ‘to make it seem like she posted the images herself’.

The explicit content was later removed once friends of the young woman advised her of the leak.

The woman then threatened a lawsuit of $5million for the invasion of privacy and emotional distress against the trillion-dollar tech company.

She stated an additional warning there would be “negative media publicity” due to the lawsuit’s existence.

Apple provided a “multimillion-dollar” settlement of an undisclosed amount.

Confidentiality provisions as part of the settlement prevented further discussion of the case or the amount paid, but it’s understood the existence of the lawsuit was made public due to it being referenced by another lawsuit.

The tech giant added that it takes “the privacy and security of our customers’ data extremely seriously and have a number of protocols in place to ensure data is protected throughout the repair process.”

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Money

What to expect for IPO markets

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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