How Patent Madness Is Killing Innovation and Costing Us Billions
Filed under: Technology, Economy, Market News
Pop quiz: Who would you guess owns the concept of one-click purchasing? What about the idea of rounded-edged phones?
The answers are Amazon.com (AMZN) and Apple (AAPL), respectively. But if you’re like most people, you’re probably less surprised by the patent-holders than by the fact that such simple ideas are eligible for patent protection in the first place.
Unfortunately, it doesn’t stop there: Amazon and Apple are currently embroiled in a courtroom battle over use of the term to describe…
How Patent Madness Is Killing Innovation and Costing Us Billions originally appeared on DailyFinance.com on 2012-12-03T12:00:00Z.
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