News

Facebook Parent Meta Explores Plans to Create Twitter Rival

According to details, the text-based Twitter competitor being planned by Meta will be decentralized and have a functionality similar to Mastodon

Parent to Facebook and Instagram, Meta, has announced that the company is planning to create a text-based social app, similar to Elon Musk owned Twitter, which currently has over 353.90 million users.

“We’re exploring a standalone decentralized social network for sharing text updates. We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests,” said Meta in its latest statement.

Plans to launch the text based microblogging social media application comes at a time where Twitter, which currently is the biggest microblogging platform, is undergoing a ton of problems, ranging from a 3.3% percent decrease in users to a drop in advertising revenue.

Both the above mentioned problems, alongside a few more, started when Twitter was overtaken by billionaire ‘Elon Musk’, who is running the platform in a way that is not going well with authorities and mega influencers or celebrities.

Timing suggests that Meta is now planning to cash on this market gap created through a major user resentment and limited user growth, competing not just Twitter but also other smaller applications such as Mastodon, who have grown strong following the Twitter turmoil.

It is being reported that the microblogging application being created by Meta is decentralized and is more similar to Mastodon, which is an open-source Twitter competitor and has gained over 4.5 million users.

Built on decentralized software, the Facebook microblogging platform might have a functionality that allows users to host their own servers, giving them a power that no other Meta platform has offered before.

According to Money Control, the Twitter competitor being created by Meta is code named as P92. Upon launch, the application will allow users to simply sign up using their instagram accounts therefore streamlining the signup process and making it easier for people to come and enjoy the platform.

 

Read more:
Bitcoin Price Avoids 3 Months Lows:As Crypto Dive Liquidates $390M

Sponsored
Abdullah Shahid

Share
Published by
Abdullah Shahid

Recent Posts

Trump’s Influence Fuels Bitcoin to Cross $100,000

Bitcoin broke the $100,000 mark for the first time on Thursday, driven by Trump's crypto-friendly…

3 mins ago

PSX Hits New Heights, Surges by 1,800 Points to Cross 97,000

On Thursday, the Pakistan Stock Exchange (PSX) 100 Index surged by 1,781.94 points, or 1.86%,…

36 mins ago

Pakistan’s IT Minister Defends Internet Restrictions: Here’s All We Know!

Shaza Fatima Khawaja, Minister of State for IT and Telecom, made it clear on Thursday…

2 hours ago

PayPal Resolves Global Outage Impacting Thousands

PayPal, the global payment processing company, announced on Friday that it had successfully resolved a…

2 hours ago

7,300 Teaching Interns Hired Across Punjab

LAHORE: Punjab government colleges have completed the recruitment of 7,354 teaching interns. The Higher Education…

3 hours ago

Pakistani Engineers To Get Free AI Training from PEC

The Pakistan Engineering Council (PEC) is launching a free six-week online training program on Generative…

3 hours ago