Its common practice in our industry to assign over your IP. Quirky does it, Edison Nation does it, Lifetime brands does it, etc..
Also I saw nothing in that report that anyone was ripped off, it looked more like an ax to grind with absolute no merit or value. It is nothing Quirky hides, its up front in the users agreement for anyone with the common sense of a Billy goat to read and understand.
One was ripped off in that report !