When Facebook faced a patent-infringement lawsuit by Yahoo, countersuing turned out to be an effective strategy, leading to a settlement between the two companies. The social network is apparently hoping for a similar outcome in a patent suit filed against it by Mitel Networks in March.
Following its second-quarter earnings call last Thursday, Facebook filed its 10-Q quarterly document with the Securities and Exchange Commission Tuesday, addressing, among other topics, increased mobile usage, revenue from game developer Zynga, and the status of various lawsuits.
Leading up to Facebook’s first-ever earnings call as a publicly traded company, which will be held Thursday at 5 p.m. ET/2 p.m. PT, the social network, through outside public-relations firm Brunswick Group, is trying to de-emphasize its actual financial results and focus on its accomplishments since going public May 18.
The ongoing talks between Yahoo and Facebook in an attempt to resolve their long-running patent litigation battle have apparently been fruitful, as AllThingsD reported that the two Internet giants have reached an agreement.
Yahoo and Facebook are trying to put an end to a legal saga in which the web portal sued the social network for patent infringement. Yahoo claimed in March that Facebook essentially stole its social network model, which includes creating profiles and interacting with other users and businesses. Both sides were in court again Tuesday, as Yahoo asked for a two-week extension to file replies in the lawsuit.
Executives from Yahoo and Facebook have been in negotiations to end their patent litigation battle, started by a suit Yahoo filed against Facebook in March, with the two companies exploring cross-licensing of patents and deeper integration between the search engine and the social network, according to reports.
Will a new chief executive officer bring new hopes for a settlement in the patent-infringement brouhaha between Yahoo and Facebook? Yahoo Interim CEO Ross Levinsohn reportedly reached out to the social network in hopes of a settlement, after taking over for former CEO Scott Thompson.
The fifth amendment to Facebook’s initial public offering filing contained a warning that Yahoo found 16 more patents that “may be relevant” to the patent-infringement lawsuit it filed against Facebook in March.