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Why is Instagram Threads not available in Europe? Meta's Twitter rival faces strict data protection regulations
Why is Instagram Threads not available in Europe? Meta's Twitter rival faces strict data protection regulations
The service aims to gather various user data, including health, location, and search history from Instagram
2023-07-06 18:46
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk may face legal difficulties after rebranding Twitter to X, trademark experts have warned, with tech rivals Meta and Microsoft both owning intellectual property rights for the letter. The tech billionaire renamed the social network on Monday, nine months after taking over the company in a $44 billion deal. The name change forms part of his plan to turn the platform into an “everything app”, which will offer services akin to China’s WeChat and India’s PayTM. X chief executive Linda Yaccarino said the company wanted to “transform the global town square” to integrate payments, banking and create a “global marketplace for ideas, goods, services, and opportunities”. Before achieving this goal, however, IP lawyers claim Mr Musk’s firm may face challenges from its competitors. “There’s a 100 per cent chance that Twitter is going to get sued over this by somebody,” US trademark lawyer Josh Gerben told Reuters, noting that there are nearly 900 active US trademark registrations that already cover the letter X. These include Mark Zuckerberg’s Meta, which owns a federal trademark for a blue-and-white letter ‘X’ relating to “social networking services in the fields of entertainment, gaming and application development”. Microsoft also has registered trademarks for the letter ‘X’ relating to its Xbox video game console. Neither company responded to a request for comment. Mr Musk first owned the X.com domain in 1999, when he founded a financial services company that later went on to become PayPal. He reacquired the domain in 2017 after making a deal with his former company, before tweeting in October 2022 that buying Twitter was “an accelerant to creating X, the everything app”. It is not clear whether Mr Musk has applied for a trademark for X, but if he succeeds he may still face difficulties in protecting the registered rights against other brands using the letter. “The very essence of trade mark registration is obtaining an exclusive right to the brand that is registered,” Matthew Harris, a trademark lawyer with Pinsent Masons, told The Independent. “It may be difficult to obtain for Elon Musk under the ‘X’ rebrand, not to mention the difficulty, should he obtain registered protection, in trying to enforce any registered rights in ‘X’ against other brands using a similar name.” Read More What is Elon Musk’s ‘everything app’ X? Twitter to X: Why Elon Musk rebranded the social networking platform Twitter rebrands to X as Elon Musk loses iconic bird logo What is Elon Musk’s ‘everything app’ X?
2023-07-25 20:56
Woodside Energy Says No Strike Notice Given After LNG Talks End
Woodside Energy Says No Strike Notice Given After LNG Talks End
Liquefied natural gas workers in Australia will meet Thursday to consider a “strong offer” from Woodside Energy Group
2023-08-24 09:21
Oil steadies as market awaits US Federal Reserve rate outlook
Oil steadies as market awaits US Federal Reserve rate outlook
By Arathy Somasekhar and Andrew Hayley BEIJINGOil prices inched up slightly in Asian morning trade on Wednesday as
2023-06-14 12:53
Analysis-Pakistan’s deepening political crisis douses hopes for IMF relief
Analysis-Pakistan’s deepening political crisis douses hopes for IMF relief
By Karin Strohecker, Jorgelina do Rosario and Ariba Shahid LONDON/KARACHI The political crisis engulfing Pakistan is eroding hopes
2023-05-10 20:26
Didi Narrows Losses, Sets Sights on Expansion at Home and Abroad
Didi Narrows Losses, Sets Sights on Expansion at Home and Abroad
Didi Global Inc. narrowed its losses further in the second quarter, as the Chinese ride-hailing giant cut costs
2023-09-09 10:26
BlackRock trims government bonds underweight, more cautious on credit
BlackRock trims government bonds underweight, more cautious on credit
By Davide Barbuscia NEW YORK The BlackRock Investment Institute said on Tuesday it had become less bearish on
2023-09-06 00:51
Bank of Canada: Underlying inflation is inconsistent with 2% target
Bank of Canada: Underlying inflation is inconsistent with 2% target
By Steve Scherer and David Ljunggren OTTAWA, Sept 19 The Bank of Canada on Tuesday said recent volatility
2023-09-20 01:49
Turkish arms makers' export ambition on display at Paris Air Show
Turkish arms makers' export ambition on display at Paris Air Show
Turkish defence manufacturers are out in force at this week's Paris Air Show, the first in four years during which conflicts including Russia's invasion of Ukraine...
2023-06-20 23:58
European Stocks Jump as Banks Rebound After Italy-Fueled Rout
European Stocks Jump as Banks Rebound After Italy-Fueled Rout
European stocks bounced, led by a jump in Italian banks, as investors weighed a clarification from Italy about
2023-08-09 15:26
MercadoLibre CFO Leaves E-Commerce Powerhouse After 24 Years
MercadoLibre CFO Leaves E-Commerce Powerhouse After 24 Years
MercadoLibre Inc.’s chief financial officer is leaving the company following a two-decade stint during which the e-commerce provider
2023-08-11 05:29
Lagarde Says ECB Can Now Observe Impact of Its Rate Hikes
Lagarde Says ECB Can Now Observe Impact of Its Rate Hikes
The European Central Bank is now at a point where it can pause and assess the impact of
2023-11-25 00:21