Meta, parent of Facebook and Instagram, said it is considering launching a new Twitter-like social network.
Facebook's Meta logo sign is seen at the company headquarters in Menlo Park, Calif. on Oct. 28, 2021.
Meta, parent of Facebook and Instagram, said it is considering launching a new Twitter-like social network. “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 a statement to . The rep said the company had no additional info on the prospective social network to share.
Since Musk took over Twitter, he has dramatically slashed the company’s workforce to reduce costs. The company had about 7,500 employees when Musk took over, and it is now estimated to have fewer than 2,000. Musk also has tried to drive up subscription revenue through Twitter Blue, which will become the only way individuals will be verified on the service going forward.Meanwhile, Meta recently took another page from Musk’s Twitter playbook.
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