Facebook’s parent company Meta Platforms is reportedly exploring the possibility of launching a decentralized social network similar to Twitter. When this news was shared on Twitter, Elon Musk replied.
Dogecoin co-founder Billy Marcus, better known as Shibetoshi Nakamoto on Twitter, had already responded to Musk.
He shared a meme and wondered whether Meta CEO Mark Zuckerberg decided to launch a Twitter rival because he thought everyone was upset with Elon Musk and people loved him.
Copy 🐈— Elon Musk (@elonmusk) March 11, 2023
To this Elon Musk replied, “Copy Cat”. Instead of writing “cat” in letters, he used an emoji of a cat.
Facebook’s new social network, codenamed “P92,” will allow creators and public figures to share timely updates about their interests.
A spokesperson for Meta confirmed that the company is considering a standalone, decentralized social network for sharing text updates but declined to provide any further details.
The proposed social network will be based on the Mastodon framework, an open-source decentralized social network that was launched in 2016. Mastodon has seen a surge in popularity since last October when Elon Musk’s Twitter acquisition began.
Meta’s potential move into the social networking space follows the recent launch of Meta Verified, a subscription service for Facebook and Instagram users, which includes a verified blue check-mark badge similar to Twitter Blue, as well as other perks. Meta Verified costs $11.99 per month on the web and $14.99 per month on Apple’s iOS.
Zuckerberg has previously expressed interest in blockchain technology and its potential applications. In 2019, he wrote a blog post in which he outlined his vision for decentralized platforms and their potential to provide users with greater security and privacy.
If Meta decides to launch a decentralized social network, it could represent a significant shift from the centralized social networking model that Facebook has long been associated with.
Information Source: MINT
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