Social Media Newsfeed: Pinterest Lawsuit | Social New Year’s

Lawsuit Claims Pinterest and Investor Brian Cohen Copied Plaintiff’s Website (SocialTimes) Theodore Schroeder, who worked with early Pinterest investor Brian Cohen on a previous project, has sued Cohen and Pinterest for passing ideas he brought to that project to Pinterest’s co-founders, who used them to develop the successful social network. Schroeder, a lawyer who lives in Ocean City, N.J., claims he created the idea of a “board” as a platform for sharing content while working on a website called RendezVoo with Cohen and others in 2007 and 2008, and that Cohen handed the idea to the founders of Pinterest in 2009 along with some angel funding.

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PinterestLawsuit Claims Pinterest and Investor Brian Cohen Copied Plaintiff’s Website (SocialTimes)
Theodore Schroeder, who worked with early Pinterest investor Brian Cohen on a previous project, has sued Cohen and Pinterest for passing ideas he brought to that project to Pinterest’s co-founders, who used them to develop the successful social network. Schroeder, a lawyer who lives in Ocean City, N.J., claims he created the idea of a “board” as a platform for sharing content while working on a website called RendezVoo with Cohen and others in 2007 and 2008, and that Cohen handed the idea to the founders of Pinterest in 2009 along with some angel funding. The Next Web The company is facing six counts in the lawsuit, and the plaintiff is seeking an award in excess of $75,000, “constructive trust over earnings derived from Pinterest” and more. A Pinterest spokesperson told All Things D that “the lawsuit against Pinterest is baseless and we will fight it aggressively.” AllThingsD Schroeder’s attorney, Richard Scheff of Montgomery McCracken, emailed the following comment: “The bottom line is that it’s illegal to steal an idea for your own benefit without regard to the originator of that idea. Here, Mr. Cohen joined an existing enterprise in which Mr Schroeder had a majority interest, and then took without permission or right Mr. Schroeder’s ideas, concepts, web application and technology.” Cohen did not reply to a request for comment. CNET The suit says Schroeder’s friends had alerted him to Pinterest but that he learned of Cohen’s involvement with the site only on reading a March 2012 story about the investor in Mashable. The lawsuit also mentions infinite scrolling — familiar to anyone who’s used Tumblr — as one of the things Cohen/Pinterest allegedly lifted from Schroeder. TechRadar This isn’t the first (and probably won’t be the last) time we’ve heard such a case. The infamous Winklevoss twins ended up rich men over their long campaign to assert that Mark Zuckerberg stole their ideas for Facebook.

Twitter New Year’s Resolution: Perfect Your Bio (AllTwitter)
Your Twitter bio is a key component of your identity on the platform and a prime location for branding and visibility on Twitter. Here are a few tips for sprucing up your 160 character-max Twitter bio in time for the New Year. SocialTimes In related news, during this year’s New Year’s Eve celebration at New York’s Times Square, New York-based Tumblr will help document the event with a steady stream of animated GIFs. Topher Price, a Tumblr staffer; Ryan Broderick, a BuzzFeed staffer; and Lacey Micallef will work up the animated images from a headquarters on site. AppNewser Mojiva’s recent survey reveals that an overwhelming majority of mobile users are more likely to text their New Year’s celebration this year. Additionally, respondents also said they will be using their smartphones to take plenty of photos and sharing them via their favorite social networking sites.

Social Media Stock Tracker: Uneven Performances in 2012 (SocialTimes)
In a quiet holiday week heading toward 2013, there was little meaningful news and accordingly, the social media sector was down a percent. For 2012, the five pure play social stocks with the most visibility (FB, GOOG, LNKD, YELP, and ZNGA) showed uneven performance for the year, with a combined average gain of 1 percent, despite significant volatility and variance

Facebook Removes Options to Filter Friends by City, but Some Alternatives Exist (Inside Facebook)
Some Facebook users have been disappointed to discover that they can no longer filter their friends list by current city or other identifiers besides name. When Facebook rolled out its redesigned friends page last month, it removed the option to search friends by current city, workplace, school, hometown and interest.