The lawsuit is about Genius having failed to live up to the valuation it raised money at and the expectations for future potential. They've contracted back to being an annotated lyric site and there is nowhere near enough business there to prop up a multi hundred million dollar valuation (much less higher). The conquer the world through annotations plan didn't pan out, at all.
They're lucky if they're worth 1/10th their peak valuation currently. So now they're going to stretch in any direction they can for a couple bucks before the lights go out or they're force-sold by the VCs to whatever company will buy it for spare change. Maybe they're hoping Google will open up their pockets and take care of that problem.
Either way, this is the last gasp of a failed (entirely worthy) experiment at getting the masses to annotate everything.
They're lucky if they're worth 1/10th their peak valuation currently. So now they're going to stretch in any direction they can for a couple bucks before the lights go out or they're force-sold by the VCs to whatever company will buy it for spare change. Maybe they're hoping Google will open up their pockets and take care of that problem.
Either way, this is the last gasp of a failed (entirely worthy) experiment at getting the masses to annotate everything.