The Facebook group Meta is considering a Twitter alternative. “We are considering an independent, decentralized online network for text updates,” said a Meta spokesman on Saturday night, among other things, for the “The Register” website, thereby confirming the latest media reports.
It is believed that there are opportunities for a place where, among other things, public figures can “share updates about their interests”.
As a decentralized service – a kind of network of smaller networks – a meta-offer would be similar to the already existing Twitter alternative Mastodon. The Indian website Moneycontrol, which was the first to report on the project on Friday, also wrote that the meta-app could be compatible with Mastodon and other offers.
Twitter’s co-founder and longtime boss Jack Dorsey is also working on a similar decentralized service called Bluesky, which so far can be tested by selected users. Meta, with billions of users across its apps, might be in a better position for a Twitter alternative than others.
Twitter is going through a turbulent time following its $44 billion takeover by Elon Musk. The tech billionaire complained about a slump in advertising revenue and has now laid off more than half of the approximately 7,000 employees. He allowed controversial users, especially from the right-wing political spectrum, such as ex-President Donald Trump and his companions, to return to the platform. In the past few weeks there have been several disruptions to the platform, which, according to media reports, could also have been promoted by the job cuts.
Meta’s stock has been able to catch up strongly in recent months. However, it remains to be seen how sustainable investor confidence is. Likewise, to what extent does Meta succeed in getting involved in the field of chatbots and now also as a competitor to Twitter. DER AKTIONÄR remains rather cautious with regard to the Meta share in the long term. The 200-day line at a good 150 dollars represents an important support for the share. This must be defended. On the way up, the April 2022 high of $236.86 is a key hurdle.
(With material from dpa-AFX)
