In a letter directed to Meta CEO Mark Zuckerberg, Twitter has accused Meta Platforms of unlawfully utilizing Twitter's proprietary knowledge to construct its new Threads application. Meta has refuted these allegations.
Elon Musk's attorney, Alex Spiro, conveyed a letter to Meta, expressing Twitter's grave concerns regarding Meta's alleged systematic and deliberate misappropriation of Twitter's trade secrets and other intellectual property, as stated by Semafor.
Spiro's letter, dated Wednesday, mentioned that Meta has employed numerous ex-Twitter employees over the past year, who are presumed to have access to Twitter's highly confidential information and trade secrets. Nevertheless, Meta contradicted these claims, asserting that no former Twitter engineers are involved in the Threads project.
Andy Stone, Meta's communications director, explicitly stated on Threads that none of the individuals on the Threads engineering team were previously employed by Twitter. This ongoing exchange represents an escalation of the recent conflict between Musk and Zuckerberg, who had earlier expressed interest in a cage fight.
Shortly after Semafor reported on the letter, Musk tweeted, "Competition is acceptable, but cheating is not." Meta officially launched Threads on Wednesday, and numerous brands and celebrities had already started posting on the app.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.