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

Stock Market News Live Updates: Stocks Close At A Record As Investors Look Beyond Hot Inflation
Stock Market News Live Updates: Stocks Close At A Record As Investors Look Beyond Hot Inflation

On Friday, records were broken in the markets’ close as investors ignored a crucial inflation data released before this year's Federal Reserve's final policy meeting.

Stocks
B2Broker Announces PBS as a New Fintech Player at the Stock Market
B2Broker Announces PBS As Latest Fintech Player To Enter Russian Stock Market

PBS, a member firm of the B2Broker group, has secured a license from the Bank of Russia, according to B2Broker. The license, which allows PBS to undertake brokerage and dealer activities, was awarded in October 2021 after the business applied for one earlier this year with the Russian government.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Alexander

How to Get Started with Crypto Staking
Staking is a great way for crypto enthusiasts to earn rewards for participating in the network. However, the concept itself may be quite complex for newcomers. Whether you're new to the crypto world or a seasoned pro, understanding this process is essential to making the most out of your crypto investment.

discover
How Strong is The US Economy Today?

Alexander

How Strong is The US Economy Today?

The state of the US economy has been a topic of much discussion and speculation in recent times. With rising gas prices, unaffordable housing, and high interest rates, many people assume that the economy is in a dire state.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    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

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    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
    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.