Meta Reveals Plans on Its New Twitter-Competing App

Feb 13, 2023

Meta Reveals Plans on Its New Twitter-Competing App

The owner of Facebook and Instagram is looking at creating a stand-alone social media app that might compete with Twitter and other microblogging services like Mastodon.

According to a spokesperson for Meta Platforms, who talked to BBC News, Meta is looking into decentralized social networks for text update sharing.

“We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests,” the person said.

Elon Musk, the owner of Twitter, reacted on his own platform on Sunday, saying the action looked to be a copycat.

Elon Musk called Mark Zuckerberg "Copy Cat"

Meta plans to launch a Twitter rival.
Elon Musk replied to dailyloud tweet saying Copy followed by a cat emoji. pic.twitter.com/bFrG66Clsy

— Quick Bits (@quick_bitss) March 12, 2023


Since Musk bought Twitter for $44 billion in October, the social media network has had trouble keeping its advertising. Twitter's content moderation guidelines were loosened by Musk, who also restored thousands of accounts suspended for disinformation and going against other content rules. Musk also made available a paid account verification program that users exploited to pose as companies and cause chaos. Since then, an unknown amount of people no longer use Twitter.

The decentralized social networking protocol that powers Mastodon and other applications, ActivityPub, will be supported by Meta's text-based app, code-named P92, according to MoneyControl, an Indian online news site.

The report claimed insiders with knowledge of the situation. According to the sources, users would be able to download the app and sign up using their Instagram credentials.

The plan is to use data from all Instagram users for analytics, product development, and ratings to build the service so that Instagram users who have not subscribed to P92 are presented as recommendations from friends to those who have subscribed to P92.

The timeline for the app's release is not yet known.

Subscribe Our Newsletter

China Is Winning the Lithium Wars. What It Means for Tesla
China Is Winning the Lithium Wars. What It Means for Tesla and Other EV Stocks

Lithium demand is increasing, and prices are rising. According to the International Energy Agency, the value of worldwide lithium sales will more than double between 2020 and 2030. Lithium prices have risen about 400% in the last year.

Stocks
Coinbase has Dropped the Notion that USDC is Backed by US Dollars
Coinbase has Dropped the Notion that USDC is Backed by US Dollars

Coinbase modified the USD Coin page on its website after an audit revealed that not all USDC reserves are held in cash. The myth that each USDC is backed by one dollar has been shattered.

Crypto
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Tamta

Building Your Business Based on MT5 White Label Platform
Many brokerages choose the MT5 white label solutions for quick and affordable market entry and a broader client base. Learn how to start your own one.

discover
Liquidity Provider vs Market Maker in 2024

Alexander

Liquidity Provider vs Market Maker in 2024: What Is the Difference?

In this article, we'll delve into the concept of a liquidity provider vs. market maker, their functions, and how they impact traders' experiences and the market as a whole.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.