Twitter Threatens to Sue Meta over Threads Platform

(COMBO) This combination of file pictures created on July 06, 2023 shows Elon Musk as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023, and Meta CEO Mark Zuckerberg as he speaks during the 2013 TechCrunch Disrupt conference in San Francisco, California, on September 11, 2013. (Photo by Alain JOCARD and JUSTIN SULLIVAN / various sources / AFP)
(COMBO) This combination of file pictures created on July 06, 2023 shows Elon Musk as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023, and Meta CEO Mark Zuckerberg as he speaks during the 2013 TechCrunch Disrupt conference in San Francisco, California, on September 11, 2013. (Photo by Alain JOCARD and JUSTIN SULLIVAN / various sources / AFP)
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Twitter Threatens to Sue Meta over Threads Platform

(COMBO) This combination of file pictures created on July 06, 2023 shows Elon Musk as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023, and Meta CEO Mark Zuckerberg as he speaks during the 2013 TechCrunch Disrupt conference in San Francisco, California, on September 11, 2013. (Photo by Alain JOCARD and JUSTIN SULLIVAN / various sources / AFP)
(COMBO) This combination of file pictures created on July 06, 2023 shows Elon Musk as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023, and Meta CEO Mark Zuckerberg as he speaks during the 2013 TechCrunch Disrupt conference in San Francisco, California, on September 11, 2013. (Photo by Alain JOCARD and JUSTIN SULLIVAN / various sources / AFP)

Twitter has threatened to sue Meta Platforms over its new Threads platform in a letter sent to the Facebook parent's CEO Mark Zuckerberg by Twitter's lawyer Alex Spiro. Meta, which launched Threads on Wednesday and has logged more than 30 million sign ups, looks to take on Elon Musk's Twitter by leveraging Instagram's billions of users.
Spiro, in his letter, accused Meta of hiring former Twitter employees who "had and continue to have access to Twitter's trade secrets and other highly confidential information," News website Semafor first reported.
"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," Spiro wrote in the letter. A Reuters source with knowledge of the letter confirmed its contents on Thursday. Spiro did not respond to a Reuters request for comment. "No one on the Threads engineering team is a former Twitter employee — that's just not a thing," Meta spokesperson Andy Stone said in a Threads post.
A former senior Twitter employee told Reuters they were not aware of any former staffers working on Threads, nor any senior personnel who landed at Meta at all. Meanwhile, Twitter owner Musk said, "Competition is fine, cheating is not," in response to a tweet citing the news.
Meta owns Instagram as well as Facebook. Since Musk's takeover of the social media platform last October, Twitter has received competition from Mastodon and Bluesky among others. Threads' user interface, however, resembles the microblogging platform.
Still, Threads does not support keyword searches or direct messages. To press a trade secret theft claim against Meta, Twitter would need much more detail than what is in the letter, said intellectual property law experts including Stanford law professor Mark Lemley.
"The mere hiring of former Twitter employees (who Twitter itself laid off or drove away) and the fact that Facebook created a somewhat similar site is unlikely to support a trade secrets claim," he said.
Jeanne Fromer, a professor at New York University, said companies alleging trade secret theft must show they made reasonable efforts to protect their corporate secrets. Cases often revolve around secure systems that were circumvented in some way. The newest challenge to Twitter follows a series of chaotic decisions that have alienated both users and advertisers, including Musk's latest move to limit the number of tweets users can read per day.



OpenAI Secures $4 bln Credit Facility

The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
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OpenAI Secures $4 bln Credit Facility

The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)

OpenAI said on Thursday it has secured a new $4 billion credit facility, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.

The revolving credit facility that is undrawn at closing has been established with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC, Reuters reported.

The company now has access to over $10 billion in liquidity, OpenAI said in a blog post.