Friendster may finally have found an advantage in the increasingly competitive social media sector—the one dominated by other companies as pioneer Friendster flailed. Last month, the U.S. Patent and Trademark Office granted Friendster a patent on “a method and apparatus for calculating, displaying and acting upon relationships in a social network” and the company says it’s been told to expect a patent covering the uploading of content onto a friend’s page. Those two and a number of others pending could make Friendster worth more as a patent farm than a social network.
Friendster president Kent Lindstrom told the WSJ the company’s lawyers are encouraging him to consider “taking people out from a litigation standpoint.” He’s also considering asking patent-licensing fees—or could skip legal action altogether. (Can we start a pool on that last one?) While Lindstorm says he’s been assured the patent is strong, others are not so sure. EFF lawyer Jason Schultz is among the skeptics; then again, EFF is waging war against what it is sees as illegitimate patents.
— The best part of the piece is not about patents, though; it’s when Lindstrom calls the effort to sell Friendster last year “poorly timed.” That’s one way to describe it.
Related: Friendster’s Money Raise: $3.1 Million
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