Yahoo has taken legal action against Facebook, claiming that the social networking website violated a number of its patents including those for online advertising and some social networking features. Yahoo officialy said in a statement that it has spent a huge amount of money and not to mention time developing the patents in question and that the company has been licencing out those to other companies. "Unfortunately, the matter with Facebook remains unresolved and we are compelled to seek redress in federal court. We are confident that we will prevail," Yahoo said in a statement. On the other hand, Facebook has already officially responded to the Yahoo lawsuit, saying that it learned about the lawsuit through the media and that Yahoo hasn't approached the company in order to resolve these alleged issues before filing a lawsuit. "We're disappointed that Yahoo's effort to engage with us was limited to a few short phone calls and that we continue to learn of new developments about a long-time partner through the press. We will defend ourselves vigorously against these puzzling actions," Facebook spokesman said. Yahoo was one of the largest websites but it has seen its revenues decline in the past few years, while at the same time its major competitors including both Google and Facebook have risen. |
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| Posted: 2012-03-13 11:04:12 | |
| TAGS: Yahoo , Facebook , patent | |
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