A US district court has upheld the ruling that Joel Tenenbaum must pay $675,000 for illegally downloading and sharing 31 songs. The RIAA’s commented: “We are pleased with the District Court’s decision.” You don’t say?
Kickstarter has updated its Terms of Service to make the steps that project creators who raised sufficient funds on its platform and then failed to deliver their backers’ rewards (or whatever was being funded) must take clearer. [Source: CNET]
Want to know who’s cashing-in on Alibaba’s IPO? Well, Yahoo has sold off almost $9 billion worth of its stock in Alibaba, founder Jack Ma has sold off $867 million, and its largest shareholder, SoftBank, has sold off $0, according to a report from Bloomberg Businessweek.