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Saturday, March 19, 2005

eBay Looses Patent Claim

The US Court of Appeals said there was "substantial evidence" that eBay fixed price marketplace (the Buy It Now functions) violates a patent held by a Virginia man. Now the specifics of it just need to be sorted out in a lower court.

Boy, that would be a good patent to have, considering the Buy It Now feature generates a huge percentage of eBay's transactions. If the patent infringement is somehow upheld, I could see eBay paying $1B for the rights to the patent.

3 comments:

Vicious Summer said...

Weird. How does eBay still offer the "Buy It Now" option?

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