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  • flankenking flankenking Nov 27, 2012 5:09 PM Flag

    Living Social could hurt this patent of Local Corp

    Groupon (Groupon Now), Living Social (Instant), Foursquaref, eBay's Milo (Nasdaq: EBAY), Jiwire's NearbyNow, Retailigence and Goodzer could hurt this patent

    "Patent #8,032,427 related to location based product search appears to encompass core aspects of services being offered by Groupon (GRPN) (Groupon Now), Living Social (Instant) and Foursquare; and is part and parcel of the product search functionalities offered by eBay's Milo (Nasdaq: EBAY), Gannett's ShopLocal (NYSE: GCI), Jiwire's NearbyNow, Retailigence and Goodzer. This patent could offer LOCM one of its most significant opportunities for near term licensing revenue, as we believe that the patent encompasses core aspects of the local product search offerings of these companies. This niche is growing rapidly, attracting significant capital and most importantly for Local Corps purposes, the key players emerging in the space are not partners/revenue sources for Local.Corp."

    Source: Seeking Alpha

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