Communicating Between Live Components

I usually have a simple public API for each component that needs to be talked to. Something like:

defmodule LiveComponentTwo do
  ######### Public API
  def update_text(id, text) do
    send_update(__MODULE__, id: id, update: :update_text, text: text)
  end
  #########

  def update(%{update: :update_text, text: text}, socket) do
    # I suppose here you could check if the value in the socket is empty
    {:ok, assign(socket, :text, text)}
  end

  def update(assigns, socket) do
    {:ok, assign(socket, assigns)}
  end
end

then, LiveComponentTwo.update_text("id_of_the_component", "text")

Notice that I add a key update: :update_text and then pattern match on that key in the update callback.