In this file photo taken on October 28, 2022, the Twitter logo outside their headquarters in San Francisco, California. – Twitter owner Elon Musk was set to relaunch a subscription service on December 12, 2022 after a first attempt saw an embarrassing spate of fake accounts that scared advertisers and created doubt on the site’s future. (Photo by Constanza HEVIA / AFP)
“We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.”
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 but 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 email statement.