Facebook is no stranger to legal battles, and now they are about to jump right back into another one. This time for allegedly stealing the logo of a banking app.
Facebook formed a subsidiary company called Calibra to watch over its coming cryptocurrency that is planned to launch in 2020. Facebook's cyptocurrency 'Libra' hasn't had the best of weeks, as major backers such as PayPal, eBay, Stripe, Visa, and Mastercard have dropped support for it, and now the company is under fire for trademark infringement.
The trademark infringement has been filed by banking app Current, and judging from their official Twitter page located above, they have some grounds to stand on when saying that Facebook copied their logo they have been using since 2016. It should be noted that Facebook announced Libra in June of this year, meaning that Current had their logo for years before Facebook even conceived the idea of developing a cryptocurrency. Current says in their lawsuit that "is not only confusingly similar to, but virtually identical to the Current Marks."
Last updated: Apr 6, 2020 at 04:44 pm CDT
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