One Meta Is Suing the Other, Claiming the Former Facebook Crushed Its Business

MarketWatch2022-07-20

Immersive-art company claims the former Facebook infringed on its trademark, ruined its brandThe Meta sign in front of its headquarters in Menlo Park, Calif.GETTY IMAGESWhat could be more meta than ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

CASHBae
2022-07-20
CASHBae
Interesting headline..
ValuInvestor
2022-07-20
ValuInvestor
Worth a try fishing
Shot
2022-07-20
Shot
Wow wow

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1128652262?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-20 15:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128652262","market":"us","top_or_hot":-1,"title":"One Meta Is Suing the Other, Claiming the Former Facebook Crushed Its Business","media":"MarketWatch","content":"<div>\n<p>Immersive-art company claims the former Facebook infringed on its trademark, ruined its brandThe Meta sign in front of its headquarters in Menlo Park, Calif.GETTY IMAGESWhat could be more meta than ...</p>\n\n<a href=\"https://www.marketwatch.com/story/one-meta-is-suing-the-other-claiming-the-former-facebook-crushed-its-business-11658285899?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Meta Is Suing the Other, Claiming the Former Facebook Crushed Its Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOne Meta Is Suing the Other, Claiming the Former Facebook Crushed Its Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-20 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/one-meta-is-suing-the-other-claiming-the-former-facebook-crushed-its-business-11658285899?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Immersive-art company claims the former Facebook infringed on its trademark, ruined its brandThe Meta sign in front of its headquarters in Menlo Park, Calif.GETTY IMAGESWhat could be more meta than ...</p>\n\n<a href=\"https://www.marketwatch.com/story/one-meta-is-suing-the-other-claiming-the-former-facebook-crushed-its-business-11658285899?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"META","symbol_name":"Meta Platforms, Inc.","start_time":0,"source_url":"https://www.marketwatch.com/story/one-meta-is-suing-the-other-claiming-the-former-facebook-crushed-its-business-11658285899?mod=home-page","article_id":"1128652262","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128652262","pubTimestamp":1658302360,"columns":[],"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Immersive-art company claims the former Facebook infringed on its trademark, ruined its brandThe Met","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"META":"Meta Platforms, Inc."},"translate_title":"一个Meta起诉了另一个，声称前脸书摧毁了它的业务","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"META":0.9},"content_text":"Immersive-art company claims the former Facebook infringed on its trademark, ruined its brandThe Meta sign in front of its headquarters in Menlo Park, Calif.GETTY IMAGESWhat could be more meta than Meta suing Meta?On Tuesday, Meta.is, an installation-art company, filed a lawsuit in U.S. District Court in Manhattan against Meta Platforms Inc.META,+5.11%,the former Facebook, for allegedly infringing on its trademark and engaging in “egregious acts of unfair competition.”“On October 28, 2021, Facebook seized our META mark and name, which we put our blood, sweat, and tears into building for over twelve years,” Meta.is CEO Justin Bolognino and Chief Strategy Officer Nick Sciorra said in a blog post. “We were as surprised as you were… one of the most powerful companies in the world took our identity without notice.”After eight months of negotiations, the smaller company said it was left with no choice but to sue, claiming its business has been obliterated.“As a result of Facebook’s actions, consumers are likely to mistakenly believe that META’s products and services emanate from Facebook or that META is affiliated with Facebook. The META mark is now infected by the toxicity that is inextricably linked with Facebook,” Meta.is said in a statement.Founded in 2010, Meta.is produces “multi-sensory live experiences” in “experiential and immersive technologies,” including virtual and augmented reality, and has a valid federal trademark for its name.“Astoundingly, Facebook’s due diligence team ignored Meta’s federal registrations for the META mark that expressly identify services ‘using digital, virtual and augmented reality,’” the smaller company said in its lawsuit. It also said the larger Meta is now conducting the same type of immersive digital experiences that the smaller company once staged.Still, Meta.is knows it’s fighting an uphill battle.“This case is about Facebook taking accountability for its actions and committing to move forward ethically and equitably in the revolutionary industry that we have all, together, created. This will be an arduous journey,” Meta.is executives wrote.Meta (the big company) did not immediately respond to MarketWatch’s request for comment.Meta shares have tumbled almost 50% year to date, compared to the S&P 500’s 17% decline.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9074377486,"gmtCreate":1658306730645,"gmtModify":1676536138465,"author":{"id":"4117515235335612","authorId":"4117515235335612","name":"CASHBae","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4117515235335612","authorIdStr":"4117515235335612"},"htmlText":"Interesting headline..&nbsp;","listText":"Interesting headline..&nbsp;","text":"Interesting headline..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074377486","repostId":1128652262,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074348079,"gmtCreate":1658303829692,"gmtModify":1676536138068,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4087361572396550","authorIdStr":"4087361572396550"},"htmlText":"Worth a try fishing","listText":"Worth a try fishing","text":"Worth a try fishing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074348079","repostId":1128652262,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074340877,"gmtCreate":1658303364499,"gmtModify":1676536137993,"author":{"id":"4105783656507550","authorId":"4105783656507550","name":"Shot","avatar":"https://community-static.tradeup.com/news/3bf75a96475b9f4c635e978fbb44e2a6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"4105783656507550","authorIdStr":"4105783656507550"},"htmlText":"Wow wow","listText":"Wow wow","text":"Wow wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074340877","repostId":1128652262,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":3,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1128652262"}