Profits

Class Action Lawsuit Accuses Match Group’s Dating Apps of Exploitative Design, Prioritizing Profits over Relationships

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San Francisco, California – Match Group, the parent company of popular dating apps Tinder, Hinge, and The League, is facing a proposed class-action lawsuit alleging that the company intentionally designed its platforms to addict users rather than facilitate genuine relationships. The plaintiffs argue that Match’s “predatory” business model deceives individuals who are seeking love by exploiting their fear of missing out and encouraging compulsive use of the apps. Moreover, they claim that Match entices users to pay hefty subscription fees, amounting to hundreds of dollars a year. The lawsuit, filed in a federal court in … Read more

Maxeon Solar Technologies Struggles to Find Growth and Profits Despite Promising New Products

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Singapore – Maxeon Solar Technologies, a technology company that specializes in the design, distribution, installation, and servicing of solar panels, is facing challenges in achieving significant growth and profits. While the company offers promising newer products, it has yet to see the desired financial results. Maxeon Solar Technologies is publicly traded on the NASDAQ under the ticker symbol MAXN. What sets this company apart is its unique ownership structure. A Chinese energy company called TCL Zhonghuan Renewable Energy Corporation owns 23% of Maxeon, while Total Energy or TotalEnergies, a prominent French oil company, owns 15%. … Read more

Pioneering Patent Case: Lack of Non-Infringing Alternatives in Two-Player Market Proves Essential for Lost Profits Award, Delaware District Court Rules

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Wilmington, Delaware – In a recent ruling, the District of Delaware clarified the evidence required to establish a lack of non-infringing alternatives in a two-player market. The case involved two competitors in the outdoor decking products industry, both selling bamboo decking products. The defendants had been found guilty of patent infringement, and they challenged the damages award of $1.5 million, claiming that the plaintiffs had failed to prove lost profits. The defendants argued that the plaintiffs had not provided customer-specific evidence to establish the absence of non-infringing alternatives. However, the district court rejected this argument, … Read more