Acacia Hoards More Patents
from the this-is-innovation? dept
Acacia, the company that makes all of its money by using questionable patents to sue companies, has just acquired many more such patents by buying up a similar firm. So, now we have a company that does nothing to actually help innovate, but uses obvious patents that never should have been granted to extract a toll from plenty of companies that do innovate. And people wonder why some people think the patent system is broken? Once again, it looks like patent hoarding is going big time. It’s no longer going to be about small individual patent hoarding shops — but about big corporate powers who do nothing but sit on patents and send out lawyers asking for money.