Meta, the parent company of Facebook, is considering a new social media network that may potentially compete with Twitter, as the company remains in upheaval under the leadership of CEO Elon Musk.
In the wake of Musk’s disastrous takeover of Twitter, interest has increased in decentralized social media networks, which typically permit users to form independent communities and establish their own rules and regulations.
Twitter Disputes
The popularity of Mastodon, one of these decentralized networks, soared when the Tesla CEO purchased Twitter in the fall of last year. It went from less than 500,000 active users in late October to more than 2.5 million active users by early December, with growth spurts occurring whenever Musk made controversial moves.
Nonetheless, others have felt that the decentralized network is too difficult to serve as a suitable substitute for Twitter. As a result, the number of Mastodon users has reduced to roughly 1.8 million as of the beginning of January.
After Musk became CEO of Twitter, the firm has adopted Twitter’s standards on multiple fronts, including the launch of a verified membership service similar to Twitter Blue and the reactivation of former President Trump’s Facebook and Instagram profiles. Each of these events occurred following Trump’s reinstatement on Twitter.
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Meta Layoffs
However, Meta, the largest shareholder of Facebook and Instagram, is planning another round of layoffs that might affect thousands of the company’s current employees.
This week, it is anticipated that Meta, which laid off 11,000 employees in November of last year, will disclose the most current wave of layoffs.
According to the source, the upcoming round of layoffs is motivated by financial aims and is distinct from the reduction of the staff.
The business Meta, which has suffered a fall in advertising revenue and changed its attention to a virtual-reality platform known as the metaverse, is said to have instructed its directors and vice president to develop lists of employees who may be terminated, According to interviewees.
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