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Monday, 12 March 2012

Yahoo Sues Facebook

In what is either the boldest gamble of its history or the most boneheaded, Yahoo has filed a massive patent infringement lawsuit against Facebook.
The attack by the Internet icon against perhaps the most powerful consumer social networking site today is a controversial one, pitting Yahoo against a company that has surpassed it handily in recent years.
More to come, but here it is below. The lawsuit has been filed in San Jose, Calif.
Said Yahoo:
“Yahoo! has invested substantial resources in research and development through the years, which has resulted in numerous patented inventions of technology that other companies have licensed. These technologies are the foundation of our business that engages over 700 million monthly unique visitors and represent the spirit of innovation upon which Yahoo! is built. Unfortunately, the matter with Facebook remains unresolved and we are compelled to seek redress in federal court. We are confident that we will prevail.

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