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Musk will file a lawsuit against Meta


July, 07 2023
watermark Economic news

American entrepreneur and owner of the social network Twitter Elon Musk reacted to the launch of the social network Threads** by Meta*, expressing his indignation at the dishonest conduct of business in the field of social networks.


On his Twitter account, Musk noted: «Competition is great, but unfair play is not,» commenting on the news of a possible Twitter lawsuit against Meta.


A little earlier, it was reported that Elon Musk's lawyer intends to file a lawsuit against Meta due to suspicions of using information representing trade secrets and other confidential Twitter information.


Yesterday, Meta launched a new text messaging service called Threads, which can compete with Elon Musk's Twitter. After launching the network within the first 20 hours, the number of registered users in this service reached 30 million. 


The app will support more than 30 languages, including English, Chinese and Russian. Users note that the application interface has similar features to Twitter, including blue icons with a check mark confirming user verification.


* Instagram, Facebook and Meta activity is banned in Russia as extremist.


** Threads is a social network owned by Meta.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.