Meta could capitalize on Elon Musk’s cost-cutting chaos with a Twitter-like app.
Since Mr. Musk’s coup last year, Twitter has struggled to retain advertisers.
MoneyControl reports that the new app, dubbed P92, will allow Instagram logins.
Mastodon, a 2016 Twitter-like service, will be Meta’s app’s platform.
Decentralized, the new app cannot be bought or sold.
Meta’s plans come as its biggest platform, Facebook, struggles to attract younger users.
It has highly invested in the metaverse, a virtual world where users interact and work, which has yet to launch.
Instagram is also losing content creators and users to TikTok.
Meta’s new app launch was unclear.
