The furore over Facebook's change (and reverting) of its user terms illustrates a few points about Internet companies.
(a) In order to be nimble, they will reserve the right to change their terms as easily as possible. There is no way an Internet company can wait for everyone to agree to every change.
(b) Their lawyers will draft terms of use as wide as possible in order to cater for as wide an audience as possible, and for as many scenarios as possible.
(c) Consumer-driven businesses will, at the end of..... Read more »
Tags: Intellectual Property, Car, Internet, user data, Internet company, Facebook, lawyer, Privacy, server
I wanted to write this only after the Chinese New Year season had passed. As far back as I can remember, during the run-up to the Chinese New Year, many businesses in Singapore would raise their prices. It would be common for barbers to charge a few dollars more while shops selling Chinese New Years goodies such as barbequed pork slices, would increase their prices every few days, peaking on the eve of Chinese New Year. This year, even food outlets started charging a premium during the Chinese New Year.
In the past, this practice came about because certain acts..... Read more »
Tags: Business, Price Increase, Agreement, Singapore, food, small business, worker, Chinese New Year
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