Meta is Exploring Plans to Build a Twitter Rival

'Meta, the parent firm of Facebook and Instagram, is working on a standalone, text-based social network app,' reports the BBC.
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'It could rival both Twitter and its decentralised competitor, Mastodon.'

A spokesperson told the BBC: 'We're exploring a standalone decentralized social network for sharing text updates....' According to MoneyControl, the new app is codenamed P92, and will allow users to log in through their existing Instagram credentials.

Meta's app will be based on a similar framework to the one that powers Mastodon, a Twitter-like service which was launched in 2016. The new app would be decentralised — it cannot be run at the whim of a single entity, bought or sold....

It was not immediately clear when Meta would roll out the new app.

Read more of this story at Slashdot.