Investing.com | Mar 10, 2023 12:12
By Scott Kanowsky
Investing.com — Facebook-owner Meta Platforms Inc (NASDAQ:META) is exploring a standalone decentralized network for sharing text updates, Reuters reported on Friday.
In a statement published by the news agency, a Meta spokesperson confirmed earlier speculation around the move, saying it will be an “opportunity” for creators and public figures to share updates about their interests.
A decentralized platform is run mostly by volunteer administrators who bring their networks together through a so-called federation of apps. Facebook and Twitter, conversely, are platforms overseen by one centralized figure – the company, in this case.
An Indian business news website called Moneycontrol.com first reported that Meta’s new content app would support ActivityPub, a decentralized social media platform used by Twitter peer Mastodon and other similar networks.
Citing sources, Moneycontrol.com said the app would be Instagram-branded and be accessible via users’ Instagram login details.
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Written By: Investing.com
