Twitter, a well known brand in its own, now is closer to have a strong command over the word “tweet.”
On Monday, James Eliason, CEO of Twittad, said in an interview that Twitter would drop a lawsuit it filed against his company last month that sought to nix Twittad’s registered trademark of the word “tweet.” In return, Des Moines-based Twittad would transfer its registered trademark of “tweet” to Twitter, he said.
Twitter : You can “tweet” by posting a message of up to 140 characters on Twitter.
It would be plain wrong to call ‘Twitter’ just a plain online messaging service, as per Wikipedia: Twitter is an online social networking and microblogging service that enables its users to send and read text-based posts of up to 140 characters, informally known as “tweets”.
As part of confidentiality agreement between the companies CEOs of both companies declined to comment on whether Twitter paid Twittad or not?
“We’ve arrived at a resolution with Twittad that recognizes consistent use of Tweet while supporting the continued success of Twitter ecosystem partners like Twittad,” Twitter spokeswoman Lynn Fox said in a statement.
The U.S. Patent and Trademark Office has twice suspended Twitter’s own attempts beginning in April 2009 to trademark the term.
“The moral of the story is to make sure you trademark and patent-protect everything,” said Eliason, 32 years old