The man spitting the venom is Lambo -- a 33-year-old rapper who's been dating Gloria James since 2013.
Lambo claims he and Flo were once on the same record label (Poe Boy Records) but Flo was "stealing my sh*t" ... so they had a falling out -- and now, the beef has spilled over to social media.
"The last time this clown [Flo Rida] had a lil swagger in him is when I was on the label and he was stealing my sh*t," Lambo said.
There's more ... he also said Flo is a "clown" who "can't dress" -- and to make his point, he posted this pic (see below).
So far, Flo has yet to respond to the attack. Neither has LeBron ... but this could get interesting.