Supreme Court Decision on the Biggest Programming Copyright Case Ever Recommended Link Lou Basenese Editor and Founder, Trend Trader Daily
Dear Wall Street Daily Reader, I’m not one to mix politics with investing. But it’s imperative you understand what the Supreme Court just did to protect tech innovation and progress. For decades to come. This will certainly have an impact on your investing. Here’s why… Google It! In case you missed it, the Supreme Court issued a ruling Monday in Google LLC v. Oracle America, Inc., No. 18-956, finding Alphabet Inc. (GOOG) did not violate any copyrights when it incorporated part of Oracle Corporation’s (ORCL) Java software code to create its Android mobile operating system. As several media outlets described the ruling, this was the “biggest programming copyright Supreme Court case ever.” Recommended Link Huge Monetary Shift Happening Now Under Biden Some of America’s biggest companies like American Airlines use an elite-controlled “world money”… instead of U.S. dollars. Also the U.S. House of Representative passed a new bill that could circulate this new currency ASAP. If this major monetary shift goes through, it could cut your retirement account, your savings, and property value immensely… And potentially erase your way of life in one fell swoop. It would be another failed fiat currency pushed by elites. | | I appeared on Fox Business’ Mornings with Maria yesterday to explain why. You can watch the replay here or by clicking on the image below. Then, read on for more details, which I didn’t get to share because of time constraints… Four Tenets of Fair Use As an adamant supporter of intellectual property rights, you might find it surprising that I’m coming out in defense of Google in this case. But don’t be. There are clear definitions regarding copyright violations and fair use (see here). The irony here is that back in the 1990s, Oracle argued against copyright protection for code. That was before it purchased Sun Microsystems and acquired the Java code in question. Nothing like changing your stance to suit your economic interests, right? Well, it doesn’t matter anymore, because the Supreme Court made the right decision in opposition to Oracle. And I say that confidently because of the following… A key tenet of software development is, as Microsoft described in a filing with the court (emphasis mine), "sharing, modifying, and enhancing previously developed code to create new products and develop new functionality." That’s all that Google did. The company used about 12,000 lines of Java code to ensure interoperability. In total, the entire Android operating system involves about 15 million lines of code. So we’re talking about Google’s final product containing less than one tenth of one percent of another company’s work. That’s called progress and innovation, not theft. More specifically, it falls under the fair use factor involving how much of a copyrighted work is used in relation to the whole. It also falls under the fair use factor involving the effect of “use upon the potential market for or value of the copyrighted work.” I’m sorry. But Java and Oracle didn’t suffer anywhere near the $9 billion in damages they were seeking in the lawsuit. Recommended Link These weird devices are about to appear all over America According to America’s top tech futurist – dubbed the “Tech Prophet” by Forbes – millions of these strange little devices are about to appear in every corner of our country… including your home. What are they? And why did one tech insider with connections to Apple and Microsoft claim they’ll “rewrite the rules of what’s possible?” | | A Landmark Case for Innovation… At the end of the day, the Supreme Court’s decision puts to bed a lawsuit that’s been threatening the pace of innovation for software development for the better part of a decade. Yes, that’s how long this court battle’s been going on. But now we have clarity. Instead of preventing developers from leveraging existing code to create entirely new and impactful solutions that literally change the world, they now have the freedom to keep creating. And a Landmark Case for Investors And as far as our investments are concerned, the lack of unnecessary litigation promises to bring more compelling products and companies to market. If you have any doubt how valuable that can be as an investor, consider this: Since releasing its Android operating system on September 23, 2008, Google’s stock is up 938%. One could argue that the software wasn’t the main driver of Google’s business and therefore isn’t responsible for that massive appreciation. But I’d challenge that thinking. At least in part. Remember, back in 2008, we were in the midst of the smartphone boom. Android software democratized innovation and ushered in an era of competitors to Apple Inc.’s (AAPL) smartphones. And in case you didn’t know, Android is the dominant smartphone operating system in the world today, with over 70% of smartphones using it. That’s certainly an accomplishment, and certainly worth a meaningful portion of Google’s stock appreciation, don’t you think? Ahead of the tape, Lou Basenese Editor and Founder, Trend Trader Daily P.S. Today I wanted to share a potentially lucrative — but time sensitive— opportunity with you. To be frank, it’s the MOST exciting new tech play I’ve seen in years… It’s bigger than Tesla. Bigger than PayPal. Even bigger than SpaceX. Which is exactly why I’m predicting huge returns for investors who get in on this before July. Click here to learn more. Please note, Trend Trader Daily is not affiliated with Paradigm Press. Louis Basenese is a professional investor, and one of the country’s leading technology analysts. He’s spent the past 20 years analyzing emerging technologies, and developing a proven methodology to consistently profit from them. Lou began his investment career at Morgan Stanley, where he was eventually tasked with directing over $1.5 billion in capital. Based on his proven track record as a financial analyst and investor, Lou became a television commentator on Fox Business and CNBC, and a market expert in the pages of The Wall Street Journal and Business Insider. But ultimately, Lou found he preferred helping Main Street investors like you. By providing ordinary investors with extraordinary research, he discovered that he can help his readers change their financial futures, and change their lives for the better. And that explains why he recently launched Trend Trader Daily. With this new service, Lou can share his research with you on groundbreaking new technologies and emerging sectors — well before he shares this information with the general public on TV, the internet, or anywhere else. So what's one of Lou's top recommendations for right now? Click here to see what he's recommending you do to profit in 2021 and beyond... |
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