Meta Platforms Inc. is looking into devising a new social network that could be a competitor to Twitter. The app would allow users to share text updates.
Public Ventures president and chief market strategist Lou Basenese reacts to reports Twitter is planning to cut more jobs on 'Cavuto: Coast to Coast.'is looking into creating a new social network that could be a direct competitor to Twitter.
"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," a Meta spokesperson told Fox Business in an emailed statement.That report said Meta's new app – codenamed P92 – would support ActivityPub. ActivityPub is a decentralized social networking protocol that powers Mastodon and other federated apps.
A logo at the Meta Platforms Inc. area on the opening day of the MWC Barcelona at the Fira de Barcelona venue in Barcelona, Spain, on Monday, Feb. 28, 2022., allowing people to log in using the same account information, according to the report.Instagram CEO Adam Mosseri testifies at a Senate Commerce, Science and Transportation Committee Consumer Protection, Product Safety, and Data Security Subcommittee hearing on Capitol Hill in Washington D.C., on Dec. 8, 2021.Moneycontrol.
MENLO PARK, CALIFORNIA - APRIL 28: A sign is posted in front of Meta headquarters on April 28, 2022, in Menlo Park, California. A feature, a source told the outlet, would allow the app to "broadcast posts to people on other servers."
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