Last updated: March 10, 2023, 5:59 PM IST
Meta realizes there is a market for another app like Twitter
Twitter continues to undergo massive changes since Elon Musk took over the company.
Facebook parent Meta is reportedly building a special Twitter-like social media application that will allow people to post text-based updates.
According to Platformer, citing sources, the project is codenamed “P92,” which allows users to log in using their existing Instagram credentials.
MoneyControl was the first to break through this development.
“We are exploring a self-contained decentralized social network for sharing text updates. We believe there is an opportunity for a separate space where creators and public figures can share timely updates about their interests,” the company said.
According to the report, Instagram head Adam Mosseri is leading the project.
The product is still in its early stages and no release date has been set yet, but legal and regulatory teams have already begun investigating potential privacy issues surrounding the app to address them ahead of launch, the report said.
Additionally, in the months since Elon Musk took over Twitter, several rival platforms have launched or gained ground, including Mastodon, Post.news, and T2.
Last December, Instagram introduced a new feature called Notes, which allows users to share short messages of up to 60 characters using only text and emojis.
Earlier this month, Twitter co-founder and former CEO Jack Dorsey got back into the social media game, launching his Twitter alternative called “Bluesky,” which is available on the Apple App Store in its testing phase.
Read all the latest technical news here
(This story has not been edited by News18 staff and was published from a syndicated news agency feed)
