Safe Harbor
Categories: Regulations
Safe harbor simply means that, if you follow a basic set of rules, you cannot be found guilty of doing a crime or otherwise shady dealings as you live under those safe harbor rules.
The most famous safe harbor situation in recent times, and certainly as it applies to Shmoop, came with the myriad lawsuits of copyright protection, as more or less all of the valuable content of the world was stolen and posted on YouTube, Napster, and other peer-to-peer networks.
Caught in the middle were the internet service providers: Comcast, AT&T, and dozens of others who allowed Joe Sixpack to connect to the internet and download, um…blurry art films. In order to sort out the legal situation, the government granted safe harbor to those internet providers, such that, if it had been deemed that YouTube did, in fact, steal the guts of the entertainment industry, and essentially help bankrupt the music industry, and then lost a $50B lawsuit...only Google would be liable.
The internet service providers, like Comcast and AT&T, would have safe harbor protections inside of those lawsuits, and they still percolate every now and again today.
Bottom line: there will always be storms, and there will always be a need for safe harbors. Although you can never be too safe when there are sharks and lawyers in the water.
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Finance: What is a Safe Harbor?3 Views
Finance allah shmoop what is a safe harbor provisions All
right well here's a dangerous harbor and here's a safe
one Yeah ok so now apply the notion to finance
land it's not all that different Safe harbor simply means
that if you follow a basic set of rules you
can not be found guilty of doing a crime or
otherwise shady dealings as you live under those safe harbor
rules Well the most famous safe harbor situation in recent
times and certainly as it applies to shmoop came with
the myriad lawsuits of copyright protection as more or less
all of the valuable content of the world was stolen
and posted on youtube napster and a whole bunch of
other peer to peer networks Well caught in the middle
where the internet service providers comcast tea and dozens of
others who allowed joe six pack to connect to the
internet and download you know blurry art films in order
to sort out the legal situation the government granted safe
harbor provisions to those internet providers such that if it
had been deemed that youtube did in fact steal the
guts of the entertainment industry or provide the gun weaponry
It's for joe six pack to do so and essentially
helped bankrupt the music industry And then they lost a
fifty billion dollar lawsuit Well then on ly google who
owns youtube would be liable The internet service providers like
comcast and at and t were granted safe harbour protections
inside of those lawsuits and they still percolate every now
and then Again you know today so comcast and att
and t basically had a safe harbour built around them
by whole bunch of government lawyers that allowed them to
continue streaming on the internet and providing internet stuff to
the masses And had the government not provided that safe
harbor well it might've made sense for comcast and t
to just shut down and stop internet service to the
masses is and then everyone would have lost And you
know that would have been a bad thing right Right
Well the bottom line there will always be storms and
there will always be a need for safe harbors wherever
you go although you can never be too safe when 00:02:11.163 --> [endTime] there are sharks in the water Yeah