Wednesday, September 26, 2018

Mark Cuban’s hoverboard company has gone up in smoke

More than one year after launching a Kickstarter for a stylish, high-end hoverboard called Moov, Mark Cuban-backed Radical Transport has disbanded, refunds have been issued to backers, and the product is indefinitely shelved.

The reason? “Patent issues,” Cuban told The Verge in an email. “Everyone wanted to sue everyone. I just didn’t think it was worth it.” The billionaire CEO declined to specify who he meant by “everyone,” but the fight over hoverboard patents is not new, and it revolves around just a few players.

“I just didn’t think it was worth it.”

Shane Chen — founder of a company called Inventist — is listed as the inventor on the patent associated with the most popular style of hoverboard. One of the key’s to Chen’s patent is...

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