Facebook mother or father Meta is reportedly constructing a devoted Twitter-like social media software for folks to publish text-based updates.

According to Platformer, citing sources, the challenge is codenamed “P92″, which will let users log in through their existing Instagram credentials.

MoneyControl was the first to break this development.

“We’re exploring a standalone decentralised 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,” the corporate was quoted as saying.

Instagram head Adam Mosseri is main the challenge, stated the report.

The product continues to be in its early phases, and no launch date has been set, however authorized and regulatory groups have already begun to research potential privateness issues surrounding the app to handle them earlier than launch, based on the report.

Moreover, a number of rival platforms have launched or gained traction within the months since Elon Musk took over Twitter — amongst them embody Mastodon, Post.news, and T2.

In December final yr, Instagram launched a brand new function known as Notes, permitting customers to share brief posts of as much as 60 characters utilizing solely textual content and emojis.

Earlier this month, Twitter Co-founder and former CEO Jack Dorsey got here again into the social media recreation, with the launch of his Twitter different known as “Bluesky”, which is available in the Apple App Store in the testing phase.

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(This story has been edited by News18 employees and is printed from a syndicated news company feed)