TECH CRUNCH - Feb 19 - LOT Network, the nonprofit that helps businesses of all sizes and across industries defend themselves against patent trolls by creating a shared pool of patents to immunize themselves against them, announced that ByteDance is joining its group. ByteDance is joining a group of companies here that includes the likes of IBM, the Coca-Cola Company, Cisco, Lyft, Microsoft, Oracle, Target, Tencent, Tesla, VW, Ford, Waymo, Xiaomi, and Zelle. In total, the group now has more than 1,300 members. As LOT CEO Ken Seddon said, the 6-years-old group had a record year in 2020, with 574 companies joining and bringing its set of immunized patents to ~3M, including 14% of all patents issued in the US ByteDance, now finds itself in a situation where it is likely to become a target of patent trolls. The company has started acquiring patents itself to grow its portfolio faster and now it is joining LOT to strengthen its protection there.