Nokia has issued a notice to Reddit indicating possible patent infringement. The social media platform acknowledged this on Tuesday and stated that they are currently reviewing the allegations.
Reddit has disclosed Nokia's claim in a submission to the Securities and Exchange Commission, which can be viewed here. According to Reddit, Nokia sent a letter on March 18, 2024, alleging patent infringement. The company stated, "Nokia sent us a letter on March 18, 2024, indicating that Reddit is infringing certain of its patents. We will evaluate their claims." Reddit mentioned the increasing competition and visibility they face, which may lead to more intellectual property claims in the future. The specific patents involved in this complaint have not been disclosed.
Nokia's complaint has surfaced just before Reddit's highly anticipated IPO, scheduled for this week. The social media platform has been preparing to go public for a while now, aiming to raise significant funds totaling $6.5 billion. Nokia has been actively pursuing patent claims against various companies, reaching a patent agreement with Vivo after a prolonged legal dispute. The company has also signed agreements with five other phone manufacturers to license its 5G patents. In a statement to Reuters, Nokia confirmed filing a patent infringement complaint against Reddit and seeking compensation for the use of its innovations. The royalties obtained from these claims will be reinvested in the advancement of communication and multimedia technologies.
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