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Pastimes : Investment Chat Board Lawsuits
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To: rrufff who wrote (7445)2/26/2005 11:32:58 AM
From: Jeffrey S. Mitchell  Read Replies (1) of 12465
 
If I were a graduating law student this year, I'd specialize in cyber-law. It's a wide open field where no one can legitimately call themselves an established expert as the Internet is a recent phenomena.

To be good at any new type of law you have to be able to anticipate the future. When message boards started, everyone, for whatever reason, just gave the contributors a sense of credibility because their messages were in writing and in a public forum. Early attempts at lawsuits against message board posters reflects this. Now we know that message boards are like any large gathering of people where some may be emotional, impulsive, drunk, or just plain stupid. Anyone who does *not* adapt an attitude of "you can't believe everything you read" is the idiot.

I'm not saying that full-fledged separate entities known as gripe sites are like message boards -- since the owner has the ability to rethink what he wrote and edit his comments at will -- but looking into the future we can assume these sites will be a dime a dozen and thus, again, should be seen in this different light. It's when people try to pass themselves off as unbiased credible experts on something that one should take real notice and perhaps action.

- Jeff
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