Twitter to Sue Facebook for Launching Threads – Can It Drive Dogecoin (DOGE) Price to $0.15 as Rumors Suggest It Can Become Native Currency of Social Media Platform?

• Twitter’s lawyer sent a letter to Mark Zuckerberg and Meta, accusing them of violating certain aspects of their new app.

• Within a mere 24-hour period since its launch, the Threads app has experienced a remarkable surge in user adoption.

Twitter has threatened to take legal action against Meta, the parent company of Facebook and Instagram, alleging that they unlawfully recruited Twitter employees and misappropriated confidential information in developing their “Twitter killer” application.

Violation of State and Federal Laws: Meta’s Deliberate Utilization of Trade Secrets

Meta’s introduction of the Threads app made a significant impact. Users considered this text-based platform a potential substitute for Twitter, benefitting from its access to Instagram’s extensive user base of over 2 billion monthly active users. However, its notable resemblances to the social media platform owned by Elon Musk have resulted in legal consequences now facing it.

Indeed, there is a threat of legal action from Twitter towards Meta in response to the launch of its Threads application. Twitter’s lawyer sent a letter to Mark Zuckerberg and Meta, accusing them of violating certain aspects of their new application.

Supporting the allegations, it has been asserted that Meta Platforms extensively recruited numerous former employees of Twitter, many of whom still possess access to Twitter’s trade secrets. There are suspicions that the creators of the Threads app utilized these trade secrets in its development and subsequent release.

The letter highlights the grievance that Meta Platforms intentionally assigned these former employees, who brought valuable knowledge from their tenure at Twitter, to develop a clone of the Elon Musk-owned platform within a remarkably short period. The lawyers argue that this action violates both State and Federal Laws, and they may pursue civil litigation if their demands are not satisfied.

Challenging these accusations, Andy Stone, Meta’s communications director, vehemently denied that any of the engineers involved in Threads had previous ties to Twitter. Nevertheless, the evident hostility is unmistakable as Twitter prepares to vigorously defend its intellectual property rights against Meta’s alleged infringement. Currently, the demands are relatively moderate and primarily involve ceasing the utilization of all Intellectual Property rights and trade secrets belonging to X Corp.

Strategic Timing: Threads App Launches as Elon Musk Limits Tweet Views for Non-Subscribers

Within a mere 24-hour period since its launch, the Threads app has experienced a remarkable surge in user adoption, positioning itself as a formidable competitor to the app owned by Elon Musk.

Despite a wave of mocking tweets directed at the newly introduced Threads app, the team at Zuckerberg’s company remains focused on gaining market share and solidifying its position as a prominent hub for social conversations.

Linda Yaccarino, the CEO of Twitter and Elon Musk’s successor, recently took to the platform to promote the Bird App, seemingly validating its value in retaining users on the social media platform. It is worth noting that the launch of the Threads app strategically coincided with Elon Musk and Twitter’s decision to limit tweet views for non-subscribers.

Since Musk’s takeover, several services that were once free now require payment, which could serve as a disincentive for users and potentially drive more individuals toward the Threads platform.