A legal battle between social media giant Facebook, Inc. (NASDAQ:FB) and BlackBerry Ltd (NYSE:BB) expanded Tuesday after the social media giant filed suit against the Canadadian software company for patent infringement.
What Happened
BlackBerry accused Facebook in a lawsuit in March of infringing on its mobile messaging patents. On Wednesday, Facebook returned fire with a 118-page complaint in which it accuses BlackBerry of infringing on six of its patents.
Why It's Important
BlackBerry shares were trading lower by 4.6 percent at $10.15 at the time of publication Wednesday.
Investors are likely showing signs of concerns as Facebook fights back. A Bloomberg report said BlackBerry hadn't responded to requests for comment that were sent after hours.
What's Next
Facebook's lawsuit was filed in U.S. District Court in San Francisco.
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