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List of All Articles with Tag 'ie'

Elon Musk is so unbothered by Threads he’s threatening to sue Meta for ‘cheating’
Elon Musk is so unbothered by Threads he’s threatening to sue Meta for ‘cheating’
In the run-up to Instagram launching Threads earlier this week - its “civil”, text-based alternative to Twitter - billionaire Elon Musk has criticised the rival app looking to compete with the platform he bought back in October for $44bn by calling out the amount of data it may collect on users. Now, after the Meta-run platform is out in the wild, Musk appears to be so riled up by its runaway success (Facebook co-founder Mark Zuckerberg reported 10 million sign-ups in the first seven hours after launch) that he’s threatening to sue Meta over what he considers “cheating”. News website Semafor shared a letter from Twitter lawyer Alex Spiro, in which he writes that the bird app has “serious concerns” Zuckerberg’s company has carried out “systemic, wilful, and unlawful misappropriation of Twitter’s trade secrets and other intellectual property”. It reads: “Over the past year, Meta has hired dozens of former Twitter employees. Twitter knows that these employees previously worked at Twitter; that these employees had and continue to have access to Twitter’s trade secrets and other highly confidential information; that these employees owe ongoing obligations to Twitter; and that many of these employees have improperly retained Twitter documents and electronic devices. “With that knowledge, Meta deliberately assigned these employees to develop, in a matter of months, Meta’s copycat ‘Threads’ app with the specific intent that they use Twitter’s trade secrets and other intellectual property in order to accelerate the development of Meta’s competing app, in violation of both state and federal law as well as those employees’ ongoing obligations to Twitter. “Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade secrets or other highly confidential information.” Sign up to our free Indy100 weekly newsletter Crikey. Appearing to confirm the legal threat following Semafor’s report, Musk tweeted: “Competition is fine, cheating is not.” The remark has since been met with heavy ridicule: Meanwhile, Meta’s communication director, Andy Stone has taken to Threads to state: “No one on the Threads engineering team is a former Twitter employee – that’s just not a thing.” The Musk-Zuckerberg feud very much continues, though, to the extent there are continued rumours the two tech moguls could partake in a “cage fight” to settle their differences – yes, really. We’ll go and fetch the popcorn… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-07 18:52
European Stocks Are Steady Before US Jobs Data; Miners Climb
European Stocks Are Steady Before US Jobs Data; Miners Climb
European shares were little changed on Friday as investors awaited key US jobs data for further clues on
2023-07-07 18:47
Chinese Foreign Minister’s Unusual 12-Day Absence Draws Scrutiny
Chinese Foreign Minister’s Unusual 12-Day Absence Draws Scrutiny
Chinese Foreign Minister Qin Gang has been absent from public view for 12 days, an usual absence for
2023-07-07 18:47
Yellen criticises Chinese curbs against US firms
Yellen criticises Chinese curbs against US firms
The US Treasury Secretary said decoupling the world’s two largest economies would destabilise the global economy.
2023-07-07 18:46
Gabriel Jesus reveals the moment he decided to leave Man City
Gabriel Jesus reveals the moment he decided to leave Man City
Gabriel Jesus reveals the exact moment he knew he wanted to leave Manchester City - because of something Pep Guardiola did.
2023-07-07 18:25
Marketmind: Data-hit bond markets end summer lull
Marketmind: Data-hit bond markets end summer lull
A look at the day ahead in U.S. and global markets from Mike Dolan The seeming serenity of June markets
2023-07-07 18:17
Taiwan Exports Plunge at Fastest Pace in 14 Years on Demand Woes
Taiwan Exports Plunge at Fastest Pace in 14 Years on Demand Woes
Taiwan’s exports plunged in June at the fastest pace since 2009, exacerbating concerns about the slump in global
2023-07-07 17:29
A 445% Price Jump Makes Tomatoes More Pricey Than Gasoline in India
A 445% Price Jump Makes Tomatoes More Pricey Than Gasoline in India
Indian tomato prices are soaring due to adverse weather, triggering a wave of social media memes comparing the
2023-07-07 17:25
UBS Revamps Leadership in Mideast Wealth Unit, Latin America
UBS Revamps Leadership in Mideast Wealth Unit, Latin America
UBS Group AG revamped the leadership of its Middle East wealth unit and named new management for its
2023-07-07 17:20
Netherlands Can Cut Schiphol Airport Capacity, Dutch Court Rules
Netherlands Can Cut Schiphol Airport Capacity, Dutch Court Rules
The Dutch government has won an appeal to shrink flights at Amsterdam’s airport for the coming season, in
2023-07-07 16:56
Yellen Says US-China Rivalry Not a ‘Winner-Take-All’ Situation
Yellen Says US-China Rivalry Not a ‘Winner-Take-All’ Situation
US Treasury Secretary Janet Yellen said competition between the world’s biggest economies is not a “winner-take-all” situation, and
2023-07-07 16:51
Levi Lowers Full-Year Guidance on US Wholesale Weakness
Levi Lowers Full-Year Guidance on US Wholesale Weakness
Levi Strauss & Co. lowered its guidance for the full-year, citing weakness in its US wholesale business and
2023-07-07 16:46
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