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Midday Market Report: 12/26/12

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    Instagram hit with class-action lawsuit?

  • Duration 1:31
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FaceBook and instead Graham could be hit with a class action lawsuit the suit filed Friday seeking to stop the photo sharing service.

From changing its terms of service that users those changes included wording that allowed users pictures to be used by advertisers.

Without paying them starting in January.

Mr.

Graham quickly back -- on that but the suit claims that it didn't back -- enough.

And that customers who leave the service still forfeit their rights to their old photos.

More bad news for Netflix the streaming video service went down for as many as 27 million users on Christmas C.

Because of a problem with Amazon dot com's web services which -- much of Netflix data.

It's not -- first problem for Amazon earlier this year problems knocked out Redick and foursquare.

Netflix is streaming service was back up Christmas morning.

The first tally on holiday sales is and MasterCard advisors spending Paul says sales grow point 7% the weakest pace since 2008.

The slow seizing could -- next year if retailers place fewer orders at manufacturers.

That could mean less selection in smaller discounts for shoppers.

Folks may not -- hit the stores on Christmas but they -- went to the movies a pair of much anticipated releases.

Helped give Hollywood a nice boost universal's -- -- -- -- took the top spot with seventeen and a half million dollars the Quentin Tarantino film Jayne knowing change grossed fourteen million.

And that business from -- out on foxbusiness.com.

In New York -- and then --

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