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Altogether, YouTube is aware that its providing of unlicensed content was its primary purpose and it knew, at least at one time, that much of the content it was delivering was infringing.
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"While eBook readers have focused on static black-and white images in a single purpose device, we believe incremental content from magazines, newspapers, textbooks and other formats will lend themselves to a more colorful, immersive and interactive experience, more akin to what users have come to expect from the Internet, " Cross writes.
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On this point, the United States is behind the UK, where regulators are actually talking about the form and content of the audit report and whether the current audit process actually serves any useful purpose for investors.
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