Meta is exploring a standalone decentralized social community for sharing textual content updates, a firm spokesperson mentioned on Friday, in what may very well be a direct competitor to billionaire Elon Musk’s 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 informed Reuters in an emailed assertion.
Earlier within the day, the Indian enterprise information web site Moneycontrol.com first reported the information, citing sources. The report mentioned Meta’s new content material app would assist ActivityPub, the decentralized social networking protocol that powers Twitter-rival Mastodon and different federated apps.
While Twitter and Facebook are managed by one authority – a firm – decentralized platforms similar to Mastodon are put in on hundreds of laptop servers, largely run by volunteer directors who be part of their techniques collectively in a federation.
Meta’s new app can be Instagram-branded and can enable customers to register or login via their Instagram credentials, in accordance with the Moneycontrol report.
Earlier this week, Bloomberg News reported that Meta would lower hundreds of jobs as quickly as this week in a recent spherical of layoffs, solely a few months after the Facebook-parent decreased greater than 11,000 folks from its workforce.
The new spherical of job cuts is being pushed by monetary targets and is separate from the “flattening,” the report mentioned, citing folks accustomed to the matter.
Meta declined to remark on the Bloomberg report when contacted by Reuters.
Last month, the Washington Post newspaper reported that Meta was planning to chop jobs in a reorganization and downsizing effort.
Meta, at the moment, declined to remark, however spokesperson Andy Stone in a sequence of tweets cited a number of earlier statements by Chief Executive Officer Mark Zuckerberg suggesting that extra cuts had been on the way in which.Â
© Thomson Reuters 2023
