<a href="https://www.mid-day.com/news/world-news/article/mark-zuckerberg-sacks-11000-employees-in-worst-tech-lay-off-23254672" target="_blank" rel="none noopener">Facebook parent Meta</a> is reportedly building a dedicated Twitter-like social media application for people to post text-based updates.
According to Platformer, citing sources, the project is codenamed "P92", which will let users log in through their existing Instagram credentials.
MoneyControl was the first to break this development.
"We're exploring a standalone decentralised 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," the company was quoted as saying.
Instagram head Adam Mosseri is leading the project, said the report.
The product is still in its early stages, and no release date has been set, but legal and regulatory teams have already begun to investigate potential privacy concerns surrounding the app to address them before launch, according to the report.
Moreover, several rival platforms have launched or gained traction in the months since <a href="https://www.mid-day.com/news/world-news/article/elon-musk-reclaims-position-as-worlds-richest-person-23272720" target="_blank" rel="none noopener">Elon Musk</a> took over Twitter -- among them include Mastodon, Post.news, and T2.
In December last year, Instagram introduced a new feature called Notes, allowing users to share short posts of up to 60 characters using only text and emojis.
Earlier this month, <a href="https://www.mid-day.com/technology/article/twitter-to-soon-let-users-post-10k-character-tweets-23273756" target="_blank" rel="none noopener">Twitter </a>Co-founder and former CEO Jack Dorsey came back into the social media game, with the launch of his Twitter alternative called "Bluesky", which is available in the Apple App Store in the testing phase.
Also Read:&nbsp;<a class="color-white" href="https://www.mid-day.com/technology/article/microsofts-ai-powered-bing-search-engine-crosses-100-mn-users-23274481">Microsoft's AI-powered Bing search engine crosses 100 mn users</a>
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
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"We`re exploring a standalone decentralised 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," the company was quoted as saying

Meta building a Twitter-like social media app

Meta to begin laying off another 11K employees in multiple waves next week

"We're exploring a standalone decentralised 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," the company was quoted as saying

Meta building a Twitter-like social media app

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Meta building a Twitter-like social media app

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