Big Law

IPO-Bound Reddit Is Evaluating a Patent Infringement Complaint from Nokia

Reddit is evaluating a letter from Nokia Technologies alleging it infringed some of the telecom and cloud network firm’s patents, the social media platform said on Tuesday, ahead of its high-profile initial public offering (IPO) later this week.

The disclosure follows an inquiry by the Federal Trade Commission focused on Reddit’s sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models.

“As we face increasing competition and become increasingly high profile, the possibility of receiving more intellectual property claims against us grows,” Reddit warned in its statement.

Read the source article at Yahoo Finance

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