China Considers Shocking Move: Elon Musk to Take Over TikTok in the US
The Chinese government is reportedly considering allowing Elon Musk to acquire TikTok's US operations and merge it with his social media platform X
In what may be the clearest sign yet that Twitter sees Meta as a competitive threat, the former has threatened the latter with a lawsuit following the successful launch of Meta's new Twitter rival, Threads, reported CNN.
An attorney for Twitter on Wednesday sent a letter to CEO Mark Zuckerberg accusing Meta of stealing trade secrets by employing former Twitter employees. Semafor was the first to report on the letter. The veracity of the letter was confirmed to CNN by a source with knowledge of the situation.
In a letter, Alex Spiro, an outside lawyer for Twitter owner Elon Musk, claimed that Meta had committed "systematic, willful, and unlawful misappropriation of Twitter's trade secrets and other intellectual property."
In response to reports on the letter, Musk tweeted: "Competition is fine, cheating is not."
The letter goes on to say that Meta hired former Twitter employees who "have improperly retained Twitter documents and electronic devices" and that Meta "deliberately" involved these employees in developing Threads.
"Twitter intends to strictly enforce its intellectual property rights," Spiro said, adding, "and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information."
The letter was dismissed by Meta spokesperson Andy Stone.
"No one on the Threads engineering team is a former Twitter employee -- that's just not a thing," he said on Threads, as per CNN.
Since Musk paid USD 44 billion to buy Twitter, the social network has faced competition from an increasing number of smaller microblogging sites, including the decentralized social network Mastodon and Bluesky, a rival supported by former Twitter CEO Jack Dorsey. However, Twitter has not indicated that it will file a lawsuit.
Unlike some Twitter competitors, Threads has grown quickly, and, according to Zuckerberg, 30 million users signed up for the app on its first day. Threads was the number-one free app on the iOS App Store as of Thursday afternoon.
According to Carl Tobias, a law expert at the University of Richmond, the legal threat may or may not result in litigation, but it might be a tactic to impede Meta.
"Sometimes lawyers, they threaten but don't follow through. Or they see how far they can go. That may be the case, but I don't know that for sure," Tobias told CNN.
He added: "There may be some value to tying it up in litigation and complicating life for Meta," CNN reported.
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
Информирайте се на Български - Novinite.bg
/ANI
Bulgaria is on the verge of meeting the inflation criterion
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
Wizz Air has resumed its flights from Sofia to Tel Aviv
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
Wizz Air has announced the launch of a new and exclusive route from Varna to Leipzig, Germany, marking a significant expansion of its network
Bulgaria is expected to request extraordinary convergence reports from the European Commission and the European Central Bank for eurozone entry
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability