After reports about Elon Musk's Twitter, threatening legal action against Mark Zuckerberg's Meta Platforms Inc. (NASDAQ:META) surfaced, the tech billionaire has given his take on the matter.
What Happened: On Thursday, after it was widely reported Twitter intended to sue Meta for allegedly poaching its former employees to create the "copycat" Threads app, which closely resembles the microblogging site, Musk has finally given his take on the matter.
See Also: Can't See Tweets Without Signing In Anymore? Elon Musk Has Something To Do With This
He took to Twitter and said that while having competition is fine in this landscape, "cheating" is not.
His tweet was in response to a report stating Twitter lawyer Alex Spiro sent a letter to Meta accusing the social media conglomerate of a "systematic, willful, and unlawful misappropriation of Twitter's trade secrets and other intellectual property."
Why It's Important: For the unversed, on Wednesday evening, Meta's highly-anticipated Twitter clone went live and within five hours garnered almost 7.5 million users.
While many users are contemplating abandoning Musk's Twitter in favor of Meta's newly launched decentralized social media platform, others aren't too convinced and argue that Threads is a complete replica of the microblogging site.
Additionally, the data collection policy on Threads has also raised concerns among netizens and potential users — something Meta's Facebook already has a not-so-ideal history with.
Check out more of Benzinga's Consumer Tech coverage by following this link.
Read Next: Why People Might Leave Elon Musk's Twitter For Mark Zuckerberg's Threads
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。