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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Tech

Florida ad agency X Social Media sues X/Twitter

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
October 3, 2023, 12:07 PM ET
A marketing company claims Elon Musk’s new name for Twitter infringes on its trademark.
A marketing company claims Elon Musk’s new name for Twitter infringes on its trademark.Nathan Howard/Getty Images
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Elon Musk’s plan to change Twitter’s name to the letter X is facing its first court battle.

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An advertising agency based in Florida has filed a lawsuit against the social media company, alleging the new name infringes on its trademark of the letter X.

X Social Media, the plaintiff in the case, is an ad agency that focuses on mass-tort litigation. It claims in its suit to have been using X as its identity since 2016 and says it has a federal trademark covering that name. The company said it had spent over $400 million on advertising to build up the company’s name.

“Recent attempt[s by Musk] to register the [X] mark in association with social media, business data, promotion and advertising, business consulting, market research services, and advertising services…necessitates this action because its conduct has caused and will continue to cause serious irreparable harm to X Social Media,” the filing reads.

X Social Media further claims it has “already suffered loss in revenue that correlates with X Corp.’s rebrand and use of the mark ‘X.’”

This might be the first case against the company formerly known as Twitter over its new, preferred name, but it likely won’t be the last. Hundreds of companies hold trademarks covering the letter X, including Microsoft and Meta.

X Social Media is asking the U.S. District Court in the middle district of Florida to prevent Musk and his company from using the X name. It’s also requesting an unspecified amount in financial damages.

Musk has long been obsessed with the letter X, originally using it as the name for PayPal and even naming one of his children X. SpaceX incorporates the letter into its name. And, of course, Tesla’s Model X is one of four vehicles offered by the company.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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