Snap shells out $7.7 million for a patent just to keep it away from Facebook

Remember Mobli? It’s sort of an Instagram competitor that launched back in 2011, but didn’t really make it that far. The Android version of the app is now officially dead, while the iOS version is not among the highest-rated apps on the App Store. The fact that it works on a subscription scheme doesn’t do it any favors, too, we suppose. Well, the app’s maker — Mobli Media — still just made a bucketload of cash by selling a specific patent to Snap for $7.7 million.

The patent in question details the idea of placing geofilters (location-based filters) on your photos. You may have noticed that …