Patent Troll Intellectual Ventures Claims Its Layoffs Are Because It's Invented A New Way To Buy Patents
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Times are tough for a patent troll, apparently. A year ago, we noted that Intellectual Ventures -- the world's largest patent troll, who brought in billions of dollars by getting companies to pay up a shakedown fee to avoid lawsuits over its giant portfolio of patents (mostly cast off from universities who couldn't find any other buyers) -- was running out of cash. While IV did convince Microsoft and Sony to dump in some more cash, IV's litigation strategy is in shambles. Various lawsuits are dropping like flies without any of the big wins that IV promised.
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