Facebook parent company Meta Platforms Inc said it is considering a standalone decentralized social network for sharing text updates, similar to Twitter alternatives and Mastodon competitors. The platform, codenamed P92, will be overseen by Adam Mosser, head of Instagram.
According to the new app, report Moneycontrol becomes an offshoot of Instagram. This will allow the user to register or log in using her Instagram credentials.
Also read: ChatGPT is booming in China, but it’s accessible under the table
P92 is therefore expected to leverage existing Instagram data such as names, profile pictures and followers for both those who sign up for the decentralized platform and those who do not.
The report also says the new content app will support ActivityPub, the decentralized social networking protocol that powers Twitter rival Mastodon.
“We are looking at a standalone, decentralized social network for sharing textual updates. We believe,” Mehta said in a statement emailed to Reuters.
Citing an unnamed source, Money Control’s report goes on to say that being a decentralized platform means users of your app can join or create different servers, but Including features that allow people to “broadcast posts to people on other servers”.
Meta is itching to compete
Coingape Meta says it appears to be building a microblogging platform to give Twitter some direct competition.
“It will be interesting to see how Elon Musk reacts to this news,” says Coingape.
Market reactions to this news have been mixed.response to Tweet By WuBlockchain on the announcement of Meta, one user – Sandile said:
At launch, the P92’s functionality is expected to be similar to Twitter, with the exception of commenting on posts and messages, which is reportedly added later.
according to ReutersTwitter and Facebook are controlled by a single institution, while decentralized platforms such as Mastodon are installed on thousands of computer servers, with mostly volunteer administrators joining the systems in a federation.
Who will survive as “the last man”!?
Meta’s planned new service comes at a time when Twitter is dealing with some technical issues and is experiencing many glitches and outages.
Since Elon’s takeover, social media platforms have been embroiled in controversies over content moderation and unpopular policy changes.
In recent weeks, the platform is reported to have experienced at least two power outages, one of which. Banned User From accessing your account. These challenges stem from Musk’s decision to lay off about three-quarters of his staff, including engineers, prompting users to switch to alternatives like his Mastodon.
Mastodon jumped to approx. 2.5 million users At its peak, this represents just 1% of Twitter’s total user base.
Instagram, on the other hand, has 2 billion people, eight times the size of Twitter. bloomberg.
Combined with Meta’s platforms Instagram, Facebook and WhatsApp, it now has a global social media app user base of 3.74 billion.
However, Meta’s new product is met with skepticism.
“It’s important to remember that Meta tried to create new apps and experiences that weren’t always popular,” writes Ivan Mehta. TechCrunch.
“So it wouldn’t be surprising if new decentralized experiences shut down years after launch.”
The company has several experiments, including anonymous teenage app tbh, video speed dating service Sparked, couples app Tuned, Nextdoor clone Neighborhoods, Cameo-like app Super, student social network Campus, and TikTok clone Lasso. I gave up.
The post Meta Wants A Slice of Twitter’s Cake, Brings Rival first appeared on MetaNews.