Meta is primarily focusing on exploring a standalone decentralized social network for sharing text updates. According to the spokesperson of Meta, in could be a direct competitor to billionaire Elon Musk’s Twitter.
The spokesperson of Meta made the communication about the fact that they are exploring a standalone decentralized social network for sharing text updates. Meta has complete faith in the opportunities that are available for a separate space where creators and public figures can share timely updates about their interests.
Earlier in the day, the Indian business news website of Moneycontrol reported the news, citing sources. In that particular respective report, Meta’s new content app would support ActivityPub, the decentralized social networking protocol that powers Twitter-rival Mastodon and other federated apps is been revealed.
As per the report, Twitter and Facebook are controlled by one authority decentralized platforms that are inclusive of Mastodon are installed on thousands of computer servers. This is largely run by volunteer administrators who join their systems together in a federation.
Meta’s new app would be branded by Instagram and will grant permission to the users to register or log in through their Instagram passwords and usernames.
In accordance with another report related to the same, Meta would cut thousands of jobs as soon as this week in a fresh round of layoffs. This round is only a few months after the Facebook parent reduced more than 11,000 people from its workforce.
The new round of job cuts is being driven by financial targets and is separate from the “flattening.” The people nearby the city are quite familiar with the matter.
It is expected that Meta was planning to make the reduction in the jobs in a reorganization and downsizing effort.