The parent company of Facebook and Instagram may be launching a new social network as an alternative to Musk’s Twitter.
“We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests,” said Meta’s representative, adding that there was nothing else the corporation could share about the potential social network. The proposed Meta service, code-named P92, was initially mentioned in a news article on the website Moneycontrol.
The new application would be built on and interoperable with Mastodon‘s architecture, a service similar to Twitter that was introduced in 2016 and experienced a large uptick in popularity after Elon Musk gained control of Twitter in October 2022.
Under Musk’s baton, Twitter has dramatically cut its workforce in order to reduce costs. At the time of the acquisition, the company employed roughly 7,500 people; and now that number is estimated to be less than 2,000. Musk has also attempted to boost subscription revenue through Twitter Blue, which will be the sole option for users to get verified moving forward.
Until we find out if Meta will make a new Twitter-esque social network a reality, let us remind you that the company has already started copying the ideas of its rivals. Last month, it debuted Meta Verified, a paid subscription service for Instagram and Facebook users, which offers a blue verification checkmark in addition to other benefits.