Seems like Friendster just got awarded a patent for their online social networking model.
Typically I for one am not a big fan of patents as they have the power (if abused) to put an artificial damper on innovation and creativity, especially in the fast moving online industry. But what's interesting in this case is that this came out after many other site have started to build their business model around what is essentially the same concept that Friendster came up with. Perhaps this patent is their retort to all those who have stolen market share from the pioneer, who has since lagged behind the new fast followers.
However, it seems like the strength of the patent is in dispute also as some have claimed that there are examples of prior act. Also, patents typically do not signify a clear cut legal edge over competitors, instead, it just acts as a entry ticket to the legal system of patent disputes whose results may or may not go in favour of the patent holder.
In any case, it would be pretty interesting indeed to see what legal salvos this patent is going to offer Friendster.
[via : TechCrunch ]
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