Twitter could have a new rival — a platform created by Meta | CNN Business

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Facebook-parent Meta is exploring building a new, standalone platform for sharing text updates, in what could mark the most high-profile new contender to take on Twitter as it falters under Elon Musk.

“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 said in a statement to CNN, which essentially described Twitter’s mission statement without naming the platform.

A number of upstart platforms have in recent months attempted to capitalize as Twitter struggles with frequent outages, the return of controversial users and a drop-off in advertisers. Many of them had an early jump in users following Musk’s takeover at Twitter, but have since struggled to gain widespread adoption. Mastodon, a decentralized social network that was launched in 2016, grew its user base from 300,000 users to more than 2.

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