Mark Zuckerberg-led social media giant – Meta – is developing a decentralized text-based app codenamed P92.
According to a report, users can log in to the new app through their Instagram credentials. The head of the latter, Adam Mosseri, has been roped in to lead the project. Using existing Instagram data with the new app, which includes names, profile photos and followers, among other things, may not sit well with a lot of people as Meta has had to deal with user data and privacy issues in the past. has faced criticism for its handling of the .
Keeping this in mind, the company has also engaged the legal department to address privacy concerns before rolling out the app publicly.
decentralized social network
The P92 will be based on a decentralized framework similar to Mastodon, which has microblogging features similar to Twitter. At launch, the feature set is expected to be similar to Twitter. Though options to comment on posts and messages will be added later.
A Meta spokesperson told TechCrunch,
“We are looking for 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 about their interests .
The latest development comes as Twitter experienced several technical glitches as well as outages. Earlier, Musk’s chaotic takeover of the platform sparked outrage. These issues have led some users to opt for alternatives including Mastodon and Post.news.
Meta’s Metaverse Plans
The company’s metaverse efforts have yet to be profitable. In fact, Zuckerberg’s bid for Meta amid a bear market has proved costly for Meta as Reality Labs is projected to lose $13.7 billion in 2022. Total for the year.
Meta CFO Susan Lee sees more losses coming at the division for the full year of 2023. Despite this, Meta plans to invest “meaningfully” in Metaverse as it recognizes “significant long-term opportunities”.
Reports /TrainViral/
