Meta Ventures into Developing a Competitive Social Platform to Challenge Twitter’s Dominance

Meta the parent company of Facebook is exploring the possibility of creating a new social media platform that could potentially compete with Twitter. The company has been struggling under the leadership of CEO Elon Musk, prompting the search for a solution.

A spokesperson for Meta stated that the company is looking into a standalone decentralized social network that would allow for sharing text updates. The company believes that there is an opportunity for a separate space where creators and public figures can share timely updates about their interests.

Decentralized social media networks have become increasingly popular, particularly in light of Musk’s tumultuous tenure at Twitter. Mastodon, a decentralized network, experienced explosive growth following Musk’s takeover of Twitter last fall. However, some users have found the platform too complicated, leading to a decline in active users.

Meta has followed in Twitter’s footsteps on several issues since Musk’s takeover, including launching a subscription service similar to Twitter Blue and restoring former President Trump’s access to his Facebook and Instagram accounts after he was reinstated on Twitter.

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