Activist Investor Hedge Fund Reportedly Financing Eko Lawsuit Against Quibi
Hedge fund Elliott Management Corp. is financing Eko’s patent lawsuit against streaming service Quibi, The Wall Street Journal reports . Eko’s suit claims that Quibi stole trade secrets and that its “Turnstyle” feature violates Eko’s patents . Turnstyle allows Quibi videos to play differently depending on the orientation —vertical or horizontal— of the viewer’s phone, switching in real time...
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