Meta is building a decentralized, text-based social network
Here’s your second free Platformer of the week — a scoop about how the next big challenge to Twitter might come from … Instagram? We could have put this behind the paywall, but we think sharing news like this is in the public interest. Upgrading your subscription today, even for just $10, helps pay our bills and lets us to continue doing this work. Plus, paid subscribers get more. Last week week, they received our scoop about Twitter’s most recent layoffs, and how they appear to position Boring Company CEO Steve Davis as a likely candidate for Twitter CEO. We’d love to email you those scoops every week. Subscribe now and we’ll send you the link to join us in our chatty Discord server, where we now post all of our breaking news first.
Meta is building a decentralized, text-based social networkIs this the Twitter replacement we've been waiting for?Today’s edition is a bit late as I wrangled some late-breaking news. Sorry about that! Twitter’s decline is paving the way for other platforms to build next-generation replacements. And now the biggest player in the game is getting involved: Meta is in the early stages of building a dedicated app for people to post text-based updates. “We’re exploring a standalone decentralized social network for sharing text updates,” the company told Platformer exclusively in an email. “We believe there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.” News that Meta has been exploring a text-based network was first reported Thursday by MoneyControl. The app is codenamed P92 and will allow users to log in through their existing Instagram credentials, the outlet reported. Details about the project are scant. The product is still in its earliest stages, sources said, and there is no time frame for it being released. But legal and regulatory teams have already started to investigate potential privacy concerns around the app so they can be addressed before launch, we’re told. Adam Mosseri, who runs Instagram, is taking the lead on the project, sources said. The most remarkable aspect of the project is that Meta plans for the network to be decentralized. While the company would not elaborate beyond its statement, in a decentralized network individual users are typically able to set up their own, independent servers and set server-specific rules for how content is moderated. Building a decentralized network could also give Meta the opportunity for its new app to interoperate with other social products — a previously unheard-of gesture from a company known for building some of the most lucrative walled gardens in the industry’s history. The move comes at a time when Silicon Valley as a whole is re-thinking the value of forcing users into centralized services. Services like Facebook benefit from relative ease of use, and a data collection model that enables lucrative advertising services. But they have also drawn massive regulatory scrutiny for their top-down approach to content moderation and their efforts to thwart competition by making it harder to switch networks. (In December, for example, Elon Musk temporarily blocked Twitter users from linking to their Mastodon profiles amid heightened interest in Twitter alternatives.) These and other reasons led Twitter co-founder Jack Dorsey to call repeatedly for a decentralized version of the network. Among other things, Dorsey has said, a decentralized network would be more resistant to censorship efforts from governments, and would enable users to choose from a variety of ranking algorithms that better reflect their desired experience. While still CEO, Dorsey funded Bluesky, a decentralized alternative to Twitter that launched last week on iOS in private beta. Building a decentralized social network could let Meta experiment with an app that pushes back on standard criticisms of Facebook and Instagram. Individual servers would let different groups set their own community standards, though likely with a “floor” of rules set by Meta, in a fashion similar to how Reddit’s individual communities work. And making its network interoperable with others could help Meta as it faces ongoing scrutiny over whether it has maintained its market power through anti-competitive acquisitions. Still, no one has yet built a profitable, global-scale decentralized network. The Fediverse had around 2.6 million users last month — a rounding error for a company like Meta, which has more than 2 billion daily users across its family of apps. Among the challenges for developers is that basic social-network functions like following users become complicated when accounts are located across a vast network of servers. More than one person I know quit using Mastodon forever after it asked them to log in to a different server in order to follow someone. It’s also unclear what the most successful business model is for such an app. In 2021 and 2022, cryptocurrency enthusiasts promoted decentralized networks heavily, arguing that they could be funded with network-specific, non-fungible tokens. But the ongoing implosion of the crypto economy, coupled with the staggering inability of crypto developers to build safe, stable, or accessible networks, has made that approach look much less attractive. Mastodon, the crowd-funded, open-source Twitter alternative, has arguably led the charge in building decentralized, interoperable social products that are detached from cryptocurrencies. Mastodon belongs to the Fediverse, a network of connected servers that enable web publishing through shared protocols like ActivityPub. The P92 app will support ActivityPub, MoneyControl reported. Last week, the venerable magazine app Flipboard announced that it is joining the Fediverse, allowing users to browse Mastodon posts within the app and creating its own instance for select users to publish on. The move followed a similar effort from publishing platform Medium, which set up a Mastodon instance in January to host discussions about its writers’ work. Tumblr also plans to add support for ActivityPub, the CEO of its parent company said in November, suggesting that soon Tumblr posts could be cross-posted to Mastodon and vice-versa. Photo-sharing and storage site Flickr has said it is considering adding support for ActivityPub as well. Of course, just because companies build these features doesn’t mean people will flock to use them. Facebook’s New Product Experimentation division has built or prototyped dozens of social products in hopes of discovering the next big thing, only to shut down almost all of them. At the same time, with Twitter’s revenue collapsing and the site itself going down for hours now on a regular basis, it’s no surprise that other platforms smell blood in the water. A decentralized social network with top-notch design and user experience, a functional trust and safety team, and Meta’s skilled growth hackers could be just the thing to disrupt Elon Musk’s ailing, brittle network. That would be particularly true assuming Meta leverages the power of Instagram, which is already at global scale and counts among its users most of the public figures that would be necessary to kick-start a new text-based network. For the moment, it’s impossible to say whether Meta’s latest exploration will be truly disruptive. But few other companies have the teams and the track record in place to credibly try. Whatever Meta winds up launching here will bear close scrutiny. Coming Friday morning on the podcast: Congressman Don Beyer (D-VA) joins to tell us why he went back to school at the age of 72 to study artificial intelligence. Then, the New York Times’ David McCabe stops by to explain how banning TikTok in the United States would actually work. Hard Fork Live! If you’re going to be in Austin this weekend for South by Southwest, Kevin and I are interviewing Department of Justice antitrust chief Jonathan Kanter on Saturday. Please stop by and say hello! Apple | Spotify | Stitcher | Amazon | Google Governing
Industry
Those good tweetsFor more good tweets every day, follow Casey’s Instagram stories. Talk to usSend us tips, comments, questions, and mockups for Textagram: casey@platformer.news and zoe@platformer.news. By design, the vast majority of Platformer readers never pay anything for the journalism it provides. But you made it all the way to the end of this week’s edition — maybe not for the first time. Want to support more journalism like what you read today? If so, click here: |
Older messages
How a single engineer brought down Twitter on Monday
Monday, March 6, 2023
The high cost of cutting expenses
Winners and losers in the race to add AI
Friday, March 3, 2023
ChatGPT is now running inside Snapchat, Notion, and other apps. Will it give them a sustaining advantage — or just line OpenAI's pockets?
In latest round of Twitter cuts, some see hints of its next CEO
Tuesday, February 28, 2023
Is the job Steve Davis' to lose? PLUS: A smart new tool to fight child exploitation online
New cracks emerge in Elon Musk's Twitter
Friday, February 24, 2023
Jira went down, Slack's gone, and site performance is degraded. What's next?
Yes, Elon Musk created a special system for showing you all his tweets first
Friday, February 17, 2023
After his Super Bowl tweet did worse numbers than President Biden's, Twitter's CEO ordered major changes to the algorithm
You Might Also Like
Theory Two
Friday, November 22, 2024
Tomasz Tunguz Venture Capitalist If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Theory Two Today, we're announcing our second fund of $450
🗞 What's New: AI creators may be coming to TikTok
Friday, November 22, 2024
Also: Microsoft's AI updates are helpful for founders ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
behind the scenes of the 2024 digital health 50
Friday, November 22, 2024
the expert behind the list is unpacking this year's winners. don't miss it. Hi there, Get an inside look at the world's most promising private digital health companies. Join the analyst
How to get set up on Bluesky
Friday, November 22, 2024
Plus, Instagram personal profiles are now in Buffer! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
10words: Top picks from this week
Friday, November 22, 2024
Today's projects: Remote Nursing Jobs • CopyPartner • Fable Fiesta • IndexCheckr • itsmy.page • Yumestudios • Limecube • WolfSnap • Randomtimer • Fabrik • Upp • iAmAgile 10words Discover new apps
Issue #131: Building $1K-$10K MRR Micro SaaS Products around AI Search Optimisation, Fine-Tuning Image Models, AI-…
Friday, November 22, 2024
Build Profitable SaaS products!! ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
(Free) Trial & Error— The Bootstrapped Founder 357
Friday, November 22, 2024
Today, I'll dive into the difference between a trial user and a trial abuser and what you can do to invite the former and prevent the latter. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
💎 Specially for you - will never be repeated again!
Friday, November 22, 2024
The biggest Black Friday sale in Foundr history...but it won't last forever! Black Friday_Header_2 Hey Friend , We knew our Black Friday deal was amazing—but wow, the response has been so unreal
Northvolt files for bankruptcy
Friday, November 22, 2024
Plus: Slush 2024 takeaways; Europe's newest unicorn View in browser Sponsor Card - Up Round-31 Good morning there, European climate tech poster child Northvolt is filing for Chapter 11 bankruptcy
Nov 2024: My first million!
Friday, November 22, 2024
$1M in annual revenue, B2B sales, SOC 2, resellers, grow team, and other updates in November 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏