Meta, parent of Facebook and Instagram, said it is considering launch a new Twitter-like social network. “We’re exploring a standalone, decentralized social network for sharing text upd…
“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 in a statement to Reuters, which firstThe new Meta app would be based on a similar framework that powers Mastodon, a Twitter-like service that launched in 2016 and has seen a surge in popularity since Musk’s takeover of Twitter last October.
Since Musk took over Twitter, he has dramatically slashed the company’s workforce to reduce costs. The company had about 7,500 employees when Musk took over, and it is now estimated to have fewer than 2,000. Musk also has tried to drive up subscription revenue through Twitter Blue, which will become the only way individuals will be verified on the service going forward.
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