Some of the biggest news in the past few years regarding IP and patents hasn’t come from innovation but rather from acquisition of innovation. One of the most-discussed was Facebook’s purchase of WhatsApp, a free messaging app for mobile devices, that closed for $19 billion.
The big question on everyone’s lips was this: Why would Facebook, which has its own robust messaging system and also costs nothing to users, want to purchase a less popular product with fewer bells and whistles? Even now, reports state that Facebook has lost money on the deal, but they’re still pleased as punch with their purchase.