Precious Cargo

Refreshingly Bitter And Twisted Observations On Life's Passing Parade.

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Location: Valley Village, California, United States

Friday, July 28, 2006

Proof That Friendster Is Dead

From the Wall Street Journal (July 27, 2006; Page B1):

“Friendster Inc., known for bringing people together, could wind up making enemies among its peers.

Last month, the Web company was awarded a patent related to searching for people online based on their relationships, and it expects another patent to come through soon.

Now, company executives are weighing their options, including whether to sue rivals.

After News Corp. acquired MySpace last year, Friendster tried to put itself up for sale. Mr. Lindstrom calls that effort 'poorly timed,' and nothing came of it."

You know your dot com has bombed when your only hope to derive income from it is by filing patent infringment lawsuits against your competitors.


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