Originally Posted by Sacto Joe
Speaking as an Apple stockholder, I want one of two things:
1. I want Apple to sue Gizmodo blue, or;
2. I want other Apple shareholders to join me in a class action suit against Gizmodo. And here's why
That damages Apple, consequently damaging Apple's stock, and consequently damaging me.
A lot of commenters have disagreed with you Joe, but I think they're mistaken and you're correct. As a stockholder myself, I also feel like an injured party. I think both the finder and Gizmodo are guilty of criminal acts because one sold property that didn't belong to him, and the other bought it. And of course, no one pays $5K for a normal iPhone; they paid $5K so that they could essentially sell the intellectual property for more than $5K. Apple spent a huge amount of R&D to develop that phone, and Apple had every legal right to present that information to its customers and competitors exactly when and how they saw fit. Gizmodo showed no respect for that right, committed a criminal act to obtain that IP, and then effectively sold that IP for its own profit. I want to see them punished.
Apple's young engineer was careless which most of us are guilty of at times. Gizmodo and the finder were criminal which most of us are not guilty of.
Sure, in the big scheme of things, the amount of harm is negligible. Last quarter's results are orders of magnitude more important than this thievery of IP. But you're still right: Gizmodo flagrantly broke the law in pursuit of its own financial gain and we, the shareholders of Apple are the injured party.
Count me in on your lawsuit.
P.S. Gizmodo is in some ways like the consumer of child pornography: The creators of the pornography directly exploit the children, but the consumers create the financial incentive for the exploitation. Our bar-fly thief chose not to return-to-the-bar that iPhone that he determined to be extremely valuable, but Gizmodo provided the financial incentive for this thievery.