INSUBCONTINENT EXCLUSIVE:
Meta Platforms Inc (META.O) is exploring a standalone decentralized social network for sharing text updates, a company spokesperson said on
Friday, in what could be a direct competitor to billionaire Elon Musk&s Twitter Inc.&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 an emailed statement.Earlier in the day, Indian business news website Moneycontrol.com first reported the news,
The report said Meta&s new content app would support ActivityPub, the decentralized social networking protocol that powers Twitter-rival
Mastodon and other federated apps, Reuters reported.While Twitter and Facebook are controlled by one authority & a company & decentralized
platforms such as Mastodon are installed on thousands of computer servers, largely run by volunteer administrators who join their systems
together in a federation.Meta&s new app would be Instagram-branded and will allow users to register or login through their Instagram
credentials, according to the Moneycontrol report.The post Meta explores decentralized social network app for text updates first appeared on
