Meta is exploring a standalone decentralized social community for sharing textual content updates, an organization spokesperson stated on Friday, in what might be a direct competitor to billionaire Elon Musk’s Twitter.
“We’re exploring a standalone decentralized social community for sharing textual content updates. We consider there’s a possibility for a separate house the place creators and public figures can share well timed updates about their pursuits,” a Meta spokesperson advised 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 stated Meta’s new content material app would assist ActivityPub, the decentralized social networking protocol that powers Twitter-rival Mastodon and different federated apps.
Whereas Twitter and Fb are managed by one authority – an organization – decentralized platforms similar to Mastodon are put in on hundreds of pc servers, largely run by volunteer directors who be part of their programs collectively in a federation.
Meta’s new app can be Instagram-branded and can enable customers to register or login by way of their Instagram credentials, based on the Moneycontrol report.
Earlier this week, Bloomberg Information reported that Meta would lower hundreds of jobs as quickly as this week in a contemporary spherical of layoffs, only some months after the Fb-parent decreased greater than 11,000 individuals from its workforce.
The brand new spherical of job cuts is being pushed by monetary targets and is separate from the “flattening,” the report stated, citing individuals acquainted with the matter.
Meta declined to touch upon the Bloomberg report when contacted by Reuters.
Final month, the Washington Put up 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 Government Officer Mark Zuckerberg suggesting that extra cuts had been on the best way.
© Thomson Reuters 2023