Image Credit: NPR
Title: "Meta Ventures into Social Media Territory with Plans to Launch a Decentralized Twitter Competitor"
Meta, the parent company of Facebook and Instagram, is reportedly developing a text-based social network app that will rival Twitter and Mastodon. According to sources, the new Meta platform will be built on a decentralized mechanism, similar to Mastodon, where a network of user computers will form a blockchain and operate the platform, thus eliminating the shift of power from a central source and giving it back to users.
The new Meta platform, code-named P92, will allow creators and public figures to share timely updates about their interests, according to a Meta spokesperson. Releasing a Twitter competitor at this point is a smart move for Meta, as Twitter faces several issues, including the shift of users to alternative platforms.
The new Meta application will be built on a framework similar to Mastodon and will allow users to log in using their Instagram credentials, which is a strategic move that may draw many Instagram users to the new platform.
Overall, Meta's plan to launch a decentralized Twitter competitor is a bold move that could shake up the social media landscape. If successful, the new Meta platform could provide users with more control over their content and a safer environment for social media interactions.
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