List of All Articles with Tag 'tec'

A digital version of the British pound may feature a way to verify the holder’s age and citizenship

Meta has responded to Elon Musk’s lawsuit threat against its new platform Threads saying that none of the staff working on the app are former Twitter employees. On Thursday, Twitter threatened Meta with legal action over its new social media app Threads, claiming it is a “copycat” platform it built by hiring former Twitter staff. Since its roll out, Meta’s text-based platform built in partnership with Instagram, has racked up tens of millions signups, seemingly becoming the most rapidly downloaded app ever and the most popular Twitter alternative yet. Just hours after its launch, however, Twitter attorney Alex Spiro sent a letter to Meta chief Mark Zuckerberg arguing that his company was guilty of “systematic, willful, and unlawful misappropriation of Twitter’s trade secrets and other intellectual property”, according to Semafor. “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,” Mr Spiro said in the letter. “Twitter reserves all rights, including, but not limited to, the right to seek both civil remedies and injunctive relief without further notice to prevent any further retention, disclosure, or use of its intellectual property by Meta,” the attorney added. Mr Spiro alleged that Meta hired dozens of former Twitter staff who “had and continue to have access to Twitter’s trade secrets and other highly confidential information”. He said “Meta’s copycat ‘Threads’ app” was built with the “specific intent” that they use “Twitter’s trade secrets and other intellectual property “in order to accelerate the development of Meta’s competing app”. The attorney argued that this was “in violation of both state and federal law as well as those employees’ ongoing obligations to Twitter”. Andy Stone, Meta’s communications director, responded to the claims on Friday saying that the Threads engineering team does not have any former Twitter employee. “To be clear: No one on the Threads engineering team is a former Twitter employee – that’s just not a thing,” Mr Stone wrote on Threads. Mr Musk reponded to Twitter threatening Meta with a lawsuit saying: “Competition is fine, cheating is not.” Read More What is Threads? All your questions about Meta's new Twitter rival, answered. Threads is already more than three times bigger than every Twitter rival combined I tried Mark Zuckerberg’s Twitter rival, Threads – I’m not impressed Mark Zuckerberg accused of hypocrisy for shielding children’s faces in Instagram post Kim Kardashian, Rylan Clark and Dalai Lama among those joining new app Threads Twitter threatens legal action against Meta over new ‘Threads’ app

Tesla Inc. is laying off some battery production workers at its Shanghai plant, people familiar with the matter

PT Amman Mineral Internasional, the owner of the second-largest gold and copper mine in Indonesia, advanced as much

Chinese authorities are facing pressure to back up their reassuring rhetoric on the economy with more substantive action.

Sales of Square Enix Holdings Co.’s new Final Fantasy game tumbled during the second week after its release,

Twitter has settled with a former employee who US labor board prosecutors concluded was illegally punished for protesting

The near implosion of a $2 billion company in Thailand is fueling calls from investors for tighter oversight

Key Binance executives who have been helping the world’s biggest cryptocurrency exchange navigate a widening regulatory crisis including

Sega Corp., the gaming studio once regarded among the staunchest advocates of blockchain gaming, is pulling back from

Electric vehicle sales growth, while still brisk, has begun to slow in the US as inventory of battery-powered

Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta's new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat.