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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 trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.