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Meta's decentralized text-based app is intended to become an Instagram offshoot
Mark Zuckerberg-led social media giant Meta is developing a decentralized text-based app codenamed P92. According to a report, users will be able to log in to the new app using their Instagram credentials. The latter's leader, Adam Mosseri, was appointed to lead the project. Since the new app uses existing Instagram data, including names, profile photos and followers, among others, this may not sit well with many as Meta has been criticized in the past for its handling of user data and privacy issues. With this in mind, the company has also brought the legal department on board to address privacy concerns before launching the app publicly. Decentralized…
Meta's decentralized text-based app is intended to become an Instagram offshoot
Mark Zuckerberg-led social media giant Meta is developing a decentralized text-based app codenamed P92.
According to a report, users will be able to log in to the new app using their Instagram credentials. The latter's leader, Adam Mosseri, was appointed to lead the project. Since the new app uses existing Instagram data, including names, profile photos and followers, among others, this may not sit well with many as Meta has been criticized in the past for its handling of user data and privacy issues.
With this in mind, the company has also brought the legal department on board to address privacy concerns before launching the app publicly.
Decentralized social network
P92 will be based on a decentralized framework similar to Mastodon, which has microblogging capabilities analogous to Twitter. At launch, the feature set is expected to be similar to Twitter. However, options to comment on posts and messages will be added later.
A Meta spokesperson told TechCrunch:
"We are exploring a standalone decentralized social network for sharing text updates. We believe there is an opportunity for a separate space where creators and public figures can share timely updates on their interests."
The latest development comes as Twitter experienced several technical glitches as well as outages. Musk's chaotic takeover of the platform had previously caused outrage. These issues have led some users to turn to alternatives, including Mastodon and Post.news.
Meta's Metaverse Plans
The company's Metaverse efforts have not yet been profitable. In fact, Zuckerberg's bid for the emerging space amid a bear market has proven costly for Meta, with Reality Labs losing $13.7 billion in 2022 overall for the year.
Meta CFO Susan Li sees further incoming losses in the division for the full year 2023. Despite this, Meta plans to invest “wisely” in the Metaverse as it sees “significant long-term opportunities.”
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