"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 told Reuters in an emailed
statement.
Earlier in the day, the Indian business news website
Moneycontrol.com first reported the news, citing sources. The report said
Meta's new content app would support ActivityPub, the decentralized social
networking protocol that powers Twitter-rival Mastodon and other federated
apps.
While Twitter and Facebook are controlled by one authority -
a company - decentralized platforms such as Mastodon are installed on thousands
of computer servers, largely run by volunteer administrators who join their
systems together in a federation.
Meta's new app would be Instagram-branded and will allow
users to register or login through their Instagram credentials, according to
the Moneycontrol report.
Earlier this week, Bloomberg News reported that Meta would
cut thousands of jobs as soon as this week in a fresh round of layoffs, only a
few months after the Facebook-parent reduced more than 11,000 people from its
workforce.
The new round of job cuts is being driven by financial
targets and is separate from the "flattening," the report said,
citing people familiar with the matter.
Meta declined to comment on the Bloomberg report when
contacted by Reuters.
Last month, the Washington Post newspaper reported that Meta
was planning to cut jobs in a reorganization and downsizing effort.
Meta, at that time, declined to comment, but spokesperson
Andy Stone in a series of tweets cited several previous statements by Chief
Executive Officer Mark Zuckerberg suggesting that more cuts were on the way.
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