Good journalism or Illegal use of information?
I know this blog doesn't have a whole lot to do with economics, per say, but I found it to be quite interesting. I was reading an article in Wednesday's Financial Times and decided to try and find it online to share.
Apple is suing various websites that have leaked insider information to the public and 'exposed company secrets.' One such website is THINKSECRET.COM, created by 19 year-old Nick Ciarelli of Harvard University. He has set up a blog site where he shares lots of tips, tweaks, and breaking news with other Apple lovers. He told everyone about the infamous iPod a week before it was released in 2001 and is now being sued for leaking information about a sub $500 Mac to be released early January, which Apple did in fact release after the blog post.
Many lawyers, both paid and pro bono, are working together to fight back against Apple and defend people such as Nick for being 'good journalists.' They say that not only does he have the freedom of speech, but he acquired the information legally and should be free to distribute it as he sees fit.
What do you think? Has he done something illegal here or is he just an informed Apple lover who likes to stay on top of the game, legally? Could this bring strict regulations to the use of blogs?
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