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How a decade-old patent dispute could upend Uber's business

1. Carma Technology has filed a patent lawsuit against Uber. 2. The lawsuit challenges Uber's ride-sharing system's patent infringement. 3. Carma seeks damages and a permanent injunction against Uber. 4. Uber has previously faced rejections for patent applications related to ride-sharing. 5. About 60 other companies could be implicated in this lawsuit.

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FAQ

Why Bearish?

Legal challenges can create uncertainties impacting Uber's stock. History shows that companies like Qualcomm faced volatility due to similar patent litigations.

How important is it?

The lawsuit could affect market strategies and investor confidence in Uber's growth.

Why Short Term?

The lawsuit could affect investor sentiment and stock price until resolved. Previous high-profile IP cases have temporarily impacted stock values.

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