You would actually be surprised just how much business is conducted like this.
I'm sure I'd be surprised!
To be honest, I feel that the defendant's argument that “I did not have time to review the Flax Contract and merely wanted to indicate that I did receive his text message.”, is valid, since he interpreted the thumbs up as a sign of acknowledgement, not an acceptance to the contract.
The courts, however, used a third party's interpretation of what the emoji could mean, which I don't think was right.
"Achter’s lawyers argued that allowing an emoji to act as a signature or acceptance for contracts would open the flood gates for cases interpreting the meaning of the images."
I totally agree with that sentiment.
Imagine texting your spouse various food emojis, including an eggplant, hot dog, banana, and peach, as you were at the grocery store. Your spouse comes back with a thumb's up emoji. Would the courts say that the spouse was agreeing to consensual sex or a shopping list? There are so many ways I can see this ruling creating problems where none currently exist.