Friendster patents social networking

Friendster might actually find a buyer now that it's won a patent for social networks. The Red Herring reports that the patent is broad enough to cover activity on several other sites. Friendster's president won't say how aggressively his company will bully its competitors into buying licenses.

Was this trump card the reason Friendster's investors didn't already shut it down? Nope. "Frankly," says the president, "we'd almost forgotten about it."

Friendster Wins Patent [Red Herring]