240/4 was reserved for future use more than 30 years ago. When is 'the future' if not now. Furthermore, reservations for 0/8, 127/8, and 224/4 seem mostly useless at this point.<p>Also Ford, Daimler, and Prudential owning huge network blocks and neither even doing business in networking, nor announcing prefixes can be referred to as outright IP squatting (if that term exists). The US DOD seems to be a squatter, too.<p>Based on professional experience, I doubt that networking equipment can not handle reserved blocks. And if it does not indeed, patches could be provided by vendors for sure within reasonable time.<p>The problem is not severe enough: neither for a switch to IPv6 (also conceived almost 30 years ago!) nor to make use of unused blocks.<p>I refuse to believe that IPv4 address exhaustion is actually a thing.