|Posted by Alex on March 13, 2012 at 9:40 AM|
Have you heard the internet buzzing? With all of the commotion going on
between two internet giants: Facebook and Yahoo you must have
certainly asked yourself "What in the world is going on?" At the end
of 2011 Facebook, Inc. has had 56 U.S
registered patents which can be considered rather small when compared with
other internet giants.
Yahoo has filed a lawsuit against the social network claiming that 10
of those patents are infringing their rights. Those patents cover advertising,
privacy control, and social networking. This conflict started nearly a month
ago when Yahoo threatened the
internet social networking giant with legal action if they were to not license
Upon receiving the lawsuit Facebook
declared they will defend themselves against the "puzzling actions"
by their longtime business partner, Yahoo.
In a statement released earlier by the social giant they said, “We're
disappointed that Yahoo, a longtime
business partner of Facebook and a
company that has substantially benefited from its association with Facebook, has decided to resort to
litigation." Both companies have connections within their online services
that have greatly benefited both of their businesses with traffic.
The company with over 1000 registered patents defended its lawsuit, saying "substantial resources in research and development" were invested over the years. The corporation’s lawsuit states that without their innovations, Facebook would not enjoy "repeat visitors or substantial advertising revenue." Cases similar to this in the past with other companies are often settled with some sort of licensing deal.