Every year more and more people own smart phones and one of the advantages of smart phones is the use of apps. There are thousands of apps to choose from to seemingly make life simpler for the user.
In the world of information, the wide spread information is both good and bad and according to Stephen Nellis and John Ruwitch of Reuters, since most cellphones have a location tracker, someone in Hong Kong used the location tracker of the police to help the protesters in Hong Kong. The app was widely available and the Chinese Communist Party official newspaper called the app “poisonous”.
The app displays police locations and Apple talked to the Hong Kong Cybersecurity and Technology Crime Bureau to verify the app has been used to target and ambush police, threaten public safety, and criminals have used to victimize residents where they know there is no law enforcement. The app has been discontinued.
Those who do not agree with the Chinese State and Apple’s decision to remove the app felt that the app improved public safety and the claims of threats to public safety had no evidence.
Life is a balancing act and Apple went along with law enforcement and China.
Linking to dividend paying stocks, for every new product there are advantages and disadvantages. Hopefully the advantages outweigh the disadvantages and the market place embraces the new product or service. The disadvantages will affect some people, perhaps not life and death, but there are some disadvantages which is why every company maintains a law firm account, it is the cost of doing business. Ideally, since the companies you invest in have been in business for a long time, the advantages continue to outweigh the disadvantages and the profits and dividends keep you happy.
There are more questions than answers, till the next time – to raising questions.