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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
OpenAI's Sam Altman launches Worldcoin crypto project
OpenAI's Sam Altman launches Worldcoin crypto project
By Anna Tong (Reuters) -Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launches on Monday. The project’s core
2023-07-24 15:24
German Investor Expectations Improve Again
German Investor Expectations Improve Again
Germany’s investor outlook improved for a fourth month, signaling hope that Europe’s biggest economy may be stabilizing as
2023-11-14 18:58
Hot Credit Suisse CDS Trade Risks Being Wrecked by Hedge Funds
Hot Credit Suisse CDS Trade Risks Being Wrecked by Hedge Funds
Hedge funds looking to trigger payouts on derivatives tied to Credit Suisse Group AG are clashing with investors
2023-05-19 17:17
Rory McIlroy Says PGA Tour-LIV Golf Deal Is Good for Sport
Rory McIlroy Says PGA Tour-LIV Golf Deal Is Good for Sport
Rory McIlroy, the world’s No. 3-ranked professional golfer, said the proposed partnership between the PGA Tour and Saudi-backed
2023-06-07 22:18
Messi World Cup shirts will be auctioned. Sotheby's thinks they could fetch record over $10 million
Messi World Cup shirts will be auctioned. Sotheby's thinks they could fetch record over $10 million
Sotheby’s is to auction six shirts worn by Lionel Messi during Argentina’s winning run at last year’s soccer World Cup in Qatar and thinks they could become the most valuable collection of sports memorabilia ever sold at potentially more than $10 million
2023-11-20 21:29
Florine Mark, former owner of Weight Watchers franchises in Michigan and Canada, dies at 90
Florine Mark, former owner of Weight Watchers franchises in Michigan and Canada, dies at 90
Florine Mark, a Michigan business icon and former owner of Weight Watchers franchises in Michigan and Ontario, Canada, has died
2023-10-14 01:46
Campbell to buy Rao's premium sauces maker Sovos for $2.33 billion
Campbell to buy Rao's premium sauces maker Sovos for $2.33 billion
(Reuters) -U.S. packaged food maker Campbell Soup will buy Michael Angelo's and Rao's owner Sovos Brands for $2.33 billion in
2023-08-07 20:20
US House panel probes BlackRock, MSCI on China investment flow
US House panel probes BlackRock, MSCI on China investment flow
US lawmakers are probing American investment flows facilitated by BlackRock and MSCI to Chinese companies that Washington has sanctioned, a...
2023-08-02 05:54
Ford urges owners of some Lincoln SUVs to park outdoors because they can catch fire with engines off
Ford urges owners of some Lincoln SUVs to park outdoors because they can catch fire with engines off
Ford is telling owners of more than 140,000 SUVs in the U.S. to park them outside because they can catch fire even when the engines are turned off
2023-06-02 20:55
'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse
'Clock has hit midnight': China loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 13:15
China's exports, imports fell 6.2% in September as global demand faltered
China's exports, imports fell 6.2% in September as global demand faltered
China has reported its exports and imports both fell in September from a year earlier as global demand remained muted
2023-10-13 12:55