Have you ever looked at your Yahoo! (NASDAQ: YHOO) Flickr account and thought, "Why am I doing this? I can just throw my pics up on Facebook"? If this has crossed your mind, you're not alone. In fact, many photo-sharing sites – Snapfish (NYSE: HPQ), Photobucket, Picasa (NASDAQ: GOOG) and Shutterfly, as well as Flickr – are asking the same questions. With the development and enhancement of photo management capabilities in major social networking websites, niche players need to find new ways to stay relevant.

The situation is still far from grim. Fed by traffic from their behemoth owners, the photo-sharing sites remain substantial forces, and they are currently home to more than 20 billion pictures. There's still plenty of interest in these environments ... which has been bolstered by specific features that make the likes of Flickr attractive to both professional photographers and amateur shooters. The ability to order prints and personalize portfolios, for example, still provides an edge over sites like Facebook and MySpace (NYSE: NEWS).

Nonetheless, the threats from the social networking space are quite real.

Just in case you needed one more example of litigious stupidity, here it is. It seems that a Dallas family has filed suit against the Australian, Virgin Mobile communications company over the allegedly improper use of a photo gleaned from the Flikr photo sharing site, as reported by Associated Press. That's "photo sharing" as in, here's my picture to look at and use.

Stupid part one is that the advertising company that created the visual advertising mechanisms which are allegedly making questionable use of a girl's photo should have a general idea about what materials they're using, where they came from and what conditions surround those materials, such as rights and restrictions. They still teach about copyright in advertising school right? Just in case they don't, Flickr has a really understandable explanation of creative commons license right there on its site. It's by the photos. Advertising guys from Australia should probably read that.

Getty Images, Inc. (NYSE: GYI) volatility elevated as GYI nears 5-year low:

GYI, a creator and distributor of visual content, was recently down 34 cents to $27.28. Goldman Sachs Group, Inc. (NYSE: GS) says "GYI's business model remains in transition." GSCO went on to say "we see no rush to own shares." GYI October option implied volatility of 40 was above its 26-week average of 33 according to Track Data, suggesting larger risk.

Jupitermedia Corporation (NASDAQ: JUPM) option implied volatility elevated at 74:

JUPM, a provider of online information, images & research, was recently up a cent to $6.18. JUPM is expected to report earnings per share on November 8th. JUPM over all option implied volatility of 74 was above its 26-week average of 55 according to Track Data, suggesting larger risks.

Cree, Inc. (NASDAQ: CREE) option volume and volatility was elevated as CREE rallied 7%.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

There may be many good reasons to own an iPhone from Apple Inc. (NASDAQ: AAPL). Although I still haven't gotten my hands on one, I have been able to get a good look at some of what the device can do. Perhaps these aren't the ten best reasons, but they are ten good ones.

To the best of my knowledge, all of the photo gallery images that I'm providing here for you have been sent using the iPhone. Though I'm impressed, I did notice that the iPhone image quality declines slightly as light levels decrease, but it still does remarkably well for a phone. Yes folks, the attached gallery pictures were sent by mobile phones.

The gallery images are all at original resolutions and are all unretouched. If it is true that we can now take digital images of this quality and instantly download them to our favorite picture manager as well as e-mail them to anywhere in the world that we choose, it is my opinion that the makers of memory cards for digital cameras had better be working on some new product ideas, because I'm guessing that image data storage has just taken a turn for the best.

Please do enjoy the gallery.

By now everyone has heard about the new Google Street View. While this new Google (NASDAQ: GOOG) feature may be unnerving to some and even patently offensive to others, it's my solemn duty to inform you that legally, Google is doing nothing wrong. For the purposes of Fourth Amendment searches, this particular scenario has been put to rest. You see, the Supreme Court decided long ago that any area that can be plainly viewed from any place in which a person has a right to be, retains no right of privacy for the area being viewed. Simply put, a cop can stand on the sidewalk and gawk all he wants toward the front of your house. Anything within his view is fair game.

Additionally, the court then determined that it is permissible for that cop to use magnifying lenses to enhance his ability to see. This means he can stand on the sidewalk with binoculars and peer into any place he'd like (within reason of course). Furthermore, he may fly over your home in an airplane with a camera and spy into any space available to his line of sight. The Supreme Court said he can, and so Google can too.

My advice to you dear friends is to simply remain aware of the fact that you might possibly be viewed and recorded at any time. You may wish to remember also that any cell phone communications you have carry no privacy privileges. Any of your internet access is readily available for instant scrutiny, and any public establishment you enter has a right to record your image and pretty much do with it as it pleases. At least we don't have those nasty British hovering camera drones to deal with, or at least I haven't seen any here yet.

If you would like some more input on the Google Street View issue, here are the observations of Tom Barlow, Sheldon Liber, and Peter Cohan. I hope you enjoy them as much as I have. In the meantime:

Smile! You're on not-so-candid camera!