Facebook owner Meta is working on a new “text sharing” social media network, it said Friday, in a project seen as a potential rival to embattled Twitter.
Since billionaire Elon Musk’s takeover of Twitter in October, the platform has suffered outages, layoffs and seen advertisers flee over the lack of content moderation.
But so far no major alternative to Twitter has emerged, leaving global leaders, politicians, celebrities and companies little choice than to continue to communicate via the platform.
Following reports on news websites Platformer and India-based Moneycontrol, Meta confirmed on Friday that it was beginning to work on the new platform.
“We’re exploring a standalone, decentralized social network for sharing text updates,” Meta, which also owns Instagram, said in a short emailed statement.
“We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests,” the statement added.
This report’s information was first seen on Zawya.com; to read more, click this link.
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