Facebook-parent Meta planning to launch Twitter-like social network
Los Angeles (US), March 11: Elon Musk's Twitter could face new competition from Facebook-owned Meta in the near future.
Meta Platforms Inc is considering launching a new social network similar to Twitter. "We're exploring a standalone, decentralized social network for sharing text updates. We believe there's an opportunity for a separate space where creators and public figures can share timely updates about their interests," a Meta spokesperson said.
The spokesperson stated that the company had no additional information on the potential social network to share. Moneycontrol was the first to report on the potential Meta service, codenamed "P92."
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The new Meta app would be built on – and interoperable with – the framework that powers Mastodon, a Twitter-like service that debuted in 2016 and has grown in popularity since Musk's takeover of Twitter last October.
In the meantime, Meta recently loaned another strategy from Musk's Twitter playbook. Last month, the tech behemoth launched Meta Verified, a subscription service for Facebook and Instagram users that includes a verified blue check-mark badge, similar to Twitter Blue, as well as other benefits.
Meta Verified costs USD 11.99 per month on the web and USD 14.99 per month on Apple's iOS. The service was initially launched in Australia and New Zealand, with more countries to follow "soon," according to Meta's chairman and CEO, Mark Zuckerberg.
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