On Thursday, Elon Musk’s lawyer accused Meta of using “trade secrets” to launch Threads, their Twitter competitor. Despite Musk’s threats, the new platform continued to gain popularity, with over 30 million sign-ups in just 24 hours. By Friday, Meta CEO Mark Zuckerberg proudly announced that Threads had reached a staggering 70 million sign-ups, surpassing all expectations. Marketwatch later reported that Quiver Quantitative estimated Threads now has over 75 million users.
Hours after Meta Platforms launched Threads, Elon Musk’s lawyer sent a strongly-worded letter accusing the platform of being a “copycat” that obtained trade secrets improperly. While no legal action was taken, it served as a clear warning to Meta. Semafor was the first to report on this legal dispute, describing Threads as the most serious rival to Musk’s platform. In the letter, attorney Alex Spiro emphasized Twitter’s intention to protect its intellectual property rights and demanded that Meta immediately cease using any Twitter trade secrets or confidential information.
