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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
TechMeta

Twitter is threatening to sue Instagram’s parent company Meta over its launch of Threads, report says

Kylie Robison
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Kylie Robison
Kylie Robison
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Kylie Robison
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Kylie Robison
Kylie Robison
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July 6, 2023, 3:54 PM ET
Twitter is considering legal action against Meta, accusing the firm of poaching employees and using trade secrets in its text-based platform Threads.
Twitter is considering legal action against Meta, accusing the firm of poaching employees and using trade secrets in its text-based platform Threads.MANDEL NGAN,ALAIN JOCARD/AFP via Getty Images

Twitter is threatening legal action against Meta, the parent company of Instagram, over its new text-based platform called Threads, Semafor has reported.

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Alex Spiro, Twitter owner Elon Musk’s personal lawyer, sent a letter to Meta’s CEO Mark Zuckerberg accusing the company of poaching dozens of former employees and using Twitter’s trade secrets and intellectual property to create a “copycat” application, according to a copy of the email viewed by Semafor. Spiro demanded that Meta immediately stop using Twitter’s confidential information.

Threads, which launched Wednesday and has skyrocketed to 30 million profiles and 95 million posts overnight, according to the Verge, is already a significant competitor to Twitter, benefiting from Meta’s resources and access to a large user base through Instagram.

Twitter is accusing Meta of several things, including poaching/stealing employees to copy their platform

Here is the full letter: pic.twitter.com/XDCtO3Sx2u

— Dexerto (@Dexerto) July 6, 2023

Spiro’s letter is part of an ongoing exchange of jabs between Musk and Zuckerberg, which kicked off when Musk tweeted about being up for a “cage fight” with Zuckerberg, who responded by sharing a screenshot of the tweet with the caption “send me location.”

The idea of the billionaire boxing match arose after an internal Meta meeting obtained by the Verge was published, where Meta’s chief product officer Chris Cox discussed Meta’s Twitter competitor, Threads, being “sanely run.”

Representatives for Twitter and Meta did not immediately respond to Fortune‘s requests for comment.

Do you have insight to share? Got a tip? Contact Kylie Robison at kylie.robison@fortune.com, through secure messaging app Signal at 415-735-6829, or via Twitter DM.
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