this post was submitted on 30 Oct 2023
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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.
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