A quick reminder of what’s at stake in Novemb … oh, who are we kidding? This is just hilarious/sad. What’s next? Kel Mitchell asking Joe Biden for an orange soda hookup?
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#100thingsilove: All related to the Beastie Boys.
(Source: jacobjoaquin)
In which the BBC appears to defeat the purpose of Twitter. At least for this guy. Other BBC officials are denying this is the case across the board. The guy hasn’t commented on the topic since the tweet. He probably wouldn’t be able to take questions anyway.
Twitter made a very real offer in the hundreds of millions of dollars range, according to two sources with knowledge of the deal. Twitter chairman Jack Dorsey, an early Instagram investor and a one-time avid photo-sharer, was said to be involved in all aspects of the deal. But Instagram shrewdly did not sign the term sheet, which would have bound it to a no-shop clause, and went ahead and closed its financing round.
This put Systrom in an odd — but useful — situation in which he had both the new funding and the Twitter offer still on the table. According to one source, Systrom went to Zuckerberg for a better deal and Zuckerberg bid just to block the Twitter deal.
But the negotiation process was far more nuanced than Systrom simply playing Twitter against Facebook to get a better deal, and Instagram’s choice to go with Facebook had more to do with product and vision alignment than price, a person familiar with the negotiations said.
Instagram’s CEO, Kevin Systrom is apparently one heck of a negotiator.
The Innovators Patent Agreement (IPA) is a new way to do patent assignment that keeps control in the hands of engineers and designers. It is a commitment from a company to its employees that patents can only be used for defensive purposes. The company will not use the patents in offensive litigation without the permission of the inventors. This control flows with the patents, so if the company sells the patents to others, the assignee can only use the patents as the inventor intended.A quote from Twitter’s Github page • Discussing the company’s “Innovators Patent Agreement,” a document designed to ensure a company’s patents are used merely for defensive purposes, rather than for patent trolling or aggressive attacks against competitors, and that developers and inventors have more influence over their usage. As patent battles have greatly damaged the tech industry in recent years, particularly in the case of Eolas Technologies’ lawsuits against Microsoft, a Creative Commons-style approach to patent technologies seems like a great idea. Twitter doesn’t have a pristine track record as far as playing nice, but when it comes down to trying to do the right thing, they’re better at it than most other social media companies.