A Twitter lawyer has threatened to sue Meta over the new Threads app, multiple outlets reported Thursday, July 6, accusing the company of misusing Twitter’s “trade secrets and other intellectual property” to create a competing platform.
In a letter dated Wednesday, July 5 and published Thursday by Semaphore, Alex SpiroTwitter lawyer accuses Mark Zuckerbergthe CEO of Meta and his company to hire dozens of former Twitter employees to create threads with the “specific intent” of using their inside information to develop the app.
According to Alex Spiro, several former Twitter employees hired by the Meta “continue to access Twitter’s trade secrets” and “improperly maintain company documents and electronic devices.”
In his letter, Alex Spiro asked Meta to immediately stop using “Twitter trade secrets” and made it clear that Meta has no right to collect Twitter subscriber data in any way.
Alex Spiro did not say whether the social media company would take legal action, but said that “Twitter reserves all rights, including but not limited to the right to seek civil damages. And to issue an injunction without further notice.”
Andy Stone“No one on the thread engineering team is an ex-Twitter employee, that’s a fact,” said Meta’s Director of Communications.
Elon Musk responded to news of the letter Thursday afternoon, saying Twitter “Competition is good, cheating is not,” and in sharing Another Twitter user opined that the threads are “tapeworms.”
Meta launched Thread this week, as Twitter continues to face criticism after changes to its platform since it was bought by Elon Musk last year. The platform has been criticized for, among other things, adopting a temporary tweet reading limit for unverified Twitter accounts and relaxing content moderation rules. Meta said Wednesday that the goal of Thread, an extension of Instagram, is to “take the best of what Instagram does and extend it into text.” The differences between the two apps are as follows: Threads is a mobile platform only, it does not offer chronological content, and unlike Twitter, it does not allow users to search for specific content. The topics were trending on Twitter on Thursday and attracted many high-profile users, including Kardashians And Tom Brady. Mark Zuckerberg said Thursday morning that the social network has already caught on 30 million recordswhich is a potential threat to Elon Musk’s platform, although it is still only a fraction of 237.8 million users origins Twitter announced it three months before Elon Musk’s acquisition.
Forbes The estimated net worth of Elon Musk is $247.2 billionHe has a fortune largely due to his stakes in Tesla and SpaceX, making him the richest personality in the world. Mark Zuckerberg is the eighth richest person in the world $103.5 billion.
according to Angelo Zenoan analyst at CFRA, Meta’s market capitalization could rise and reach a level $900 billion, thanks in part to the potential success of Threads. Currently, Meta’s market cap is slightly lower 750 billion dollars.
Translated article from the American magazine Forbes – Author: Mary Whiteville Roelofs
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