X Corp., the parent company of Twitter, is threatening legal action against Meta, a Silicon Valley-based social media company, over its new Threads app. Twitter's attorney has accused Meta of using trade secrets and poaching employees to develop the app, which has already gained millions of users. Meta has denied the allegations, and Twitter has yet to comment on the letter. This dispute is the latest example of Silicon Valley companies battling over intellectual property.
Posts tagged as “Silicon Valley”
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FDIC Grants Systemic Risk Exception to Guarantee All Deposits at Silicon Valley Bank and Signature Bank