Posts Tagged: "Twitter patents"

The Cost of Not Having Patent Protection

How many patent applications has your company filed today? If you are a typical new economy small tech company with software and internet centric technology or products, the number of patent applications your company filed today is probably zero. Of course filing and prosecuting patent applications is not cheap and that’s part of the explanation. However it is worth noting that most of the successful companies with software-heavy products, including those in the list above, have been filing patent applications from their very early days.

Dark Days Ahead: The Patent Pendulum

All of this can really be traced all the way back to the flash of creative genius test by the Supreme Court, which Congress specifically outlawed in the 1952 Patent Act. It is no doubt making a resurgence under slightly different terminology, but make no mistake — Judges are making subjective decisions about innovations in a way that is remarkable similar to how the flash of creative genius test was applied. But today the problem is not only all of the aforementioned, misguided beliefs, but rather we have a general problem with ignorance. It is self evident to anyone who cares to be honest and objective that it takes time and money to innovate; innovation does not simply fall out of the sky or invent itself.

Facebook and Twitter: Patent Strategies for Social Media

Both Facebook and Twitter will need to grow up and mature as companies if they are going to succeed for the long haul. A review of the patent portfolios suggests that Facebook has a much greater chance of ultimately succeeding because it seems to have a much more developed patent strategy than Twitter, which afford the company a larger number of monetization opportunities… Without a thoughtful strategy to protect the innovations they create they are leaving money on the table. It was one thing to make ideological decisions when the company was private, but publicly traded companies really need to answer to shareholders, at least in theory. Twitter’s continued allergy to filing patent applications may well come back to haunt the company, which has already seen its first quarter of declining usage.