Yahoo is suing Facebook for patent infringement. The suit alleges that Facebook’s News Feed, advertising methods, privacy settings and more use 10 of Yahoo’s social networking patents.
Yahoo is seeking triple damages and seeks to prevent Facebook from using its patents.
“The attack by the Silicon Valley Internet icon against perhaps the most powerful consumer social networking site today — also based in tech’s heartland and also an important partner of Yahoo — is sure to be a controversial one, pitting Yahoo against a company that has surpassed it handily in recent years in regards to popularity among consumers,” reports AllThingsD.
The move against Facebook was hotly debated within Yahoo with many execs reportedly opposing it. Yahoo has typically used patents only to defend itself.
“Yahoo’s lawsuit is the most prominent in the social networking arena, a sector that has seen a huge explosion of late,” notes the article. “Its timing could not be worse for Facebook, since it is in a quiet period for its upcoming IPO, which is expected to value the company at close to $100 billion”
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