Nokia (NOK) Alleges Reddit (RDDT) Violated its Patents

On March 18, 2024, Nokia (NYSE: NOK) sent us a letter indicating they believed that Reddit (NYSE: RDDT) infringes certain of their patents. We will evaluate their claims. As we face increasing competition and become increasingly high profile, the possibility of receiving more intellectual property claims against us grows. In addition, various “non-practicing entities,” and other intellectual property rights holders have asserted in the past, and may attempt to assert in the future, intellectual property claims against us and have sought, and may attempt to seek in the future, to monetize the intellectual property rights they own to extract value through licensing arrangements or other settlements.

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