I bet Snapchat wished they had some patents on their product to assert against Facebook (and if they do and they aren't, they're idiotic). They're going to be destroyed (or have a ceiling placed on their growth) because Facebook can leverage its network effect based competitive advantage.
I can't think of a better recent example than the story of Snapchat and Facebook's ripping them off in favor of patents.
I can't think of a better recent example than the story of Snapchat and Facebook's ripping them off in favor of patents.