this post was submitted on 30 Oct 2023
324 points (97.9% liked)
Technology
59446 readers
3550 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
Dr. John Yardley, Threads Ltd’s managing director told Gizmodo in an email that Threads Ltd. waited four months to reach out to Meta to obtain enough legal advice to ensure they could “proceed with action with any reasonable confidence of winning it.”
Threads Ltd., owned by JPY Ltd., widely promoted the company since 2014, two years after it trademarked its name.
The company said in its letter that since its inception, it has licensed nearly 1,000 organizations globally and claims its sales are growing by an average of 200% per year.
“We recognize that this is a classic ‘David and Goliath’ battle with Meta,” Yardley said in the letter.
Meta launched Threads in June and gained 100 million users within the first five days, surpassing its competitor X.
A month later, Meta CEO Mark Zuckerberg said more than half of Threads users stopped using the platform.
The original article contains 393 words, the summary contains 146 words. Saved 63%. I'm a bot and I'm open source!