Since Red Herring published the article "Friendster Wins Patent" last Friday, 7th of July, it only took 48 hours for more than 26,000 blogs on social networks to pick the news up. Most of the sites report the same news item: "as the generic patent offers opportunities to the once-beleaguered site to pursue licenses from similar social networks and competitors that offer the same services based on the idea of connecting people within a certain number of degrees of separation, Friendster president Kent Lindstrom tells Red Herring that “it is still too early to say” although Friendster “will do what we can to protect our intellectual property”. Check the patent out here. The problem debated around is of course that the foundation of this patent is the "small world theory" by Stanley Milgram.
It is argued that with the patent, Friendster can put itself up for sale, significantly increasing its value. This story - without a doubt - will be continued.
This happened at 4:13:14 PM or
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