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HTC, OMGPOP, and Obama vs. patent trolls - 90 Seconds on The Verge

2013-06-04
it's Tuesday jun 4 2013 i'm david pierce and in an alternate timeline i'm also a striker for manchester united look it up this is 90 seconds on the verge it's president obama vs the patent trolls today the administration issued five executive orders with the goal of making patent ownership more transparent and mitigating the number of lawsuits by holders of broad software patents and their shell companies the term patent troll refers to a company that acquires patents not to build products but just to rack up licensing fees by threat of litigation funny story the guy who coined the term patent troll is actually now himself accused of being one the irony HTC has lost its third major executive in as many weeks the company's chief product officer in Asia CEO departed last month as well as a number of other high-level employees it's not all bad news though the HTC One has reportedly sold around 5 million units since launch which is impressive but still a long ways off of the unbridled behemoth that is Samsung in the galaxy even the best Draw Something players couldn't have predicted what would come next a pink slip social gaming companies Zynga announced yesterday that it would be laying off eighteen percent of its global workforce of the five hundred and twenty or so employees let go was the entirety of OMG pop Zynga bought the developer in March 2012 just after Draw Something became the most popular game on Facebook only time will tell if these cuts can pull Zynga out of the bankruptcy trenches and that's it for today's top stories coming up tomorrow we find the exact origins of the electric slide the answer may shock you
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