Some major news out of Silicon Valley today, where Yahoo has just initiated a patent suit against social networking behemoth Facebook. The suit covers ten patents all in all, which includes the technology driving mobile advertising and privacy. In a report with All Things D, Yahoo said that “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.”
Facebook, in its part, is puzzled with the suit, and said in the same report that “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. Once again, we learned of Yahoo’s decision simultaneously with the media. We will defend ourselves vigorously against these puzzling actions.” Yahoo has been in troubled waters as of late, with the search and content company being assaulted at all sides with tech powerhouses like Google and Facebook. You can see the official complaint in the link below.
Source: All Things D