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META stock rallied 136.55% YTD and is close to creating new highs of 2023.
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The newly launched Threads app could invite lawsuits from Elon Musk and others.
Meta Platforms (META Stock) rallied around 125.27% in the last six months and gained nearly 223.5% over the past 52 weeks. The company’s Threads app launched on July 5, 2023, & the platform already has 30 Million users. Twitter surpassed a 10 Million user base count in two years. Twitter owner Elon Musk might sue Meta for its newest release, arguing it stole the trade secret by employing Twitter ex-employees.
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