Facebook-parent Meta is exploring building a new, standalone platform for sharing text updates, the company confirmed to CNN on Friday, in what could mark the most high-profile new contender to take on Twitter as it falters under Elon Musk.
MENLO PARK, Calif.
If Meta's new platform were decentralized, it could allow third parties to build apps and features into the platform, potentially giving users experiences beyond what Meta itself might build. A number of upstart platforms have in recent months attempted to capitalize as Twitter struggles with frequent, the return of controversial users and a drop-off in advertisers. Many of them had an early jump in users following Musk's takeover at Twitter, but have since struggled to gain widespread adoption.
A new service from Meta, however, could benefit from the existing, large user base of the company's other platforms, including the two billion people who use Facebook daily.
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