A new “text sharing” network being developed by social media behemoth Meta will likely compete with Twitter at a time when the latter is experiencing previously unheard-of difficulties.
In a statement released late on Friday, Meta—the company that owns Facebook and WhatsApp—confirmed reports that it had begun developing the platform. A standalone, decentralized social network for text update sharing was being investigated, according to the statement.
“We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.”
How much do we know about it?
The brand-new Meta platform is made to work in conjunction with existing platforms, such as Mastodon, a decentralized social media network that functions somewhat similarly to Twitter. Users would then be able to share their posts on other networks thanks to this.
Twitter does not offer the feature. Elon Musk, the platform’s new owner, briefly outlawed Twitter accounts that shared links to other social media networks in December.
Because of their stringent technological borders, other networks like Instagram and YouTube also forbid such collaboration.
What Is Twitter’s Position Currently?
Although Facebook and Twitter have long been competitors, Meta’s intention to introduce a “text-sharing app” coincides with a period of unheard-of change for Twitter.
The network has seen disruptions, layoffs, and a loss of advertisers since billionaire Musk seized control of the business last October.
Following widespread layoffs and several employee walkouts that resulted in the loss of almost two-thirds of its employees, Twitter is reportedly working with a skeleton staff at this time. Recurrent issues are often blamed on said layoffs.