When Apple’s stock goes to zero
Apple stock is on track to reach zero today, after the company announced it will no longer support a controversial policy it implemented a year ago that allowed Apple users to use its Mac computers without the company’s permission.
Apple CEO Tim Cook has been trying to keep Apple from falling into the hands of criminals, though Apple is facing a lawsuit from the FBI over the practice.
Apple is now the subject of a $7.5 billion class action lawsuit from US federal authorities who claim the company has a duty to protect its customers.
According to Reuters, Cook has asked Apple to pay back $10 billion to customers who were harmed by the policy.
The company will stop providing Mac OS X software support and will not sell Mac computers to users who have Apple’s “special software license” which allows Mac users to run proprietary applications on the computers.
The policy, which was implemented a little more than a year before Apple launched the Mac, was designed to protect users against malware, spyware, and viruses that could steal their personal information.
In a statement to Reuters Apple said:Apple’s special software license is a unique, non-transferable license that enables Mac OSX users to install and run applications that require Apple’s permission to run.
Apple does not sell software licenses, nor does Apple provide any such software to third parties.
The software license allows users to access and install applications that are designed for the Mac and are not sold by Apple directly.
Apple has also said that its Macs will not be sold by third parties, and Apple will not make software that uses third party software, including those from third-party vendors.
The FBI lawsuit alleges that Apple’s software license “was a sham and that Apple knew or should have known that it was a sham.”
Apple’s policy has been a target of controversy in recent years.
The company was accused of encouraging its users to steal personal information by allowing them to install third-parties’ applications that could spyware and spywarewareware-infected software on the machines.
Apple has also been accused of pushing back against the FBI’s demand that it provide its customers with copies of its software, saying that the FBI was simply looking for evidence of its users’ illegal behavior.
Apple is the target of several lawsuits from people who say they were defrauded by its software and that the company didn’t adequately protect their information.