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X Social Media Files Lawsuit Against Formerly Named Twitter, now X Corp

By: The Astuter

Date:

X Social Media vs. X Corp (aka Twitter): A Battle of Wits and Legal Jargon

The legal drama for social media giant Twitter, now known as X Corp, continues as X Social Media files a lawsuit against them. According to Gizmodo, X Social Media has raised allegations against X Corp regarding several legal issues, including breaches of contract and intellectual property infringement.

Background of the Lawsuit

X Social Media is a company that specialized in social media analytics and audience engagement. On the other hand, X Corp is a powerful social media platform, that once went under the name Twitter, whose reach is immeasurable. The lawsuit filed by X Social Media was due to the alleged violation of their patented social media audience engagement system technology by X Corp. The two corporations failed to come to an agreement on the issue, thus leading to the escalation of tensions and the lawsuit.

Claims and Arguments of X Social Media

X Social Media responded to the alleged breach of its patents by accusing X Corp of various legal issues, including violating the terms of service, unpaid invoices, and intellectual property infringement. According to sources, X Social Media has requested compensation totaling $1.2 billion from X Corp. X Social Media has accused X Corp. of using its innovative technology without authorization, making profits on it, and failing to pay licenses and fees for usage.

Response and Defense from X Corp

X Corp denies the allegations put forth by X Social Media. The social media giant quickly issued a statement, saying that it “believes in innovation, technology, and fair play and is ready to defend the company against claims made by X Social Media. X Corp maintained that they regard the claims by X Social Media to be without merit and would use every means available to exonerate themselves.

Potential Implications and Impact

The lawsuit filed by X Social Media against X Corp could have significant implications and consequences for both companies. Aside from the possible $1.2 billion compensation in favour of X Social Media, the lawsuit could result in financial penalties, reputational damage, and changes in business practices. It is essential to note that the outcome of the case could influence the industry and create a precedent for legal matters among social media companies.

Legal Process and Timeline

An incident of this scale would take its process through the legal system, with lawyers from both sides battling it out for their respective clients in courts in the coming months or years, until both parties reach an agreement. It is reasonably expected that the process will go through several stages, including pre-trial, and post-trial techniques.

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Ad Tech Players Prepare for Google’s Cookie Shutdown as 1% are Phased Out

Featured 0
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Featured 0
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US Stock Market Closes Year with Strong Growth, Despite Recent Dip, As Traders Anticipate Easier Fed Policy in 2024

Featured 0
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