Elon Musk mocks Mark Zuckerberg launching Twitter rival

A spokesperson for Meta has confirmed that the company is considering a standalone, decentralised social network for sharing text updates.

Sounak Mukhopadhyay
Published12 Mar 2023, 06:51 AM IST
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019.  REUTERS/Mike Blake/File Photo
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo(REUTERS)

Meta Platforms, the parent company of Facebook, is reportedly exploring the possibility of launching a decentralised social network similar to Twitter. When the news was shared on Twitter, Elon Musk responded to it.

Dogecoin co-founder Billy Markus, who goes by the name Shibetoshi Nakamoto on Twitter, responded even before Musk did. He shared a meme and wondered if Meta CEO Mark Zuckerberg decided to launch a Twitter rival because he thought everyone was upset with Elon Musk and people loved him.

To this, Elon Musk replied and wrote “Copy Cat”. Instead of writing “Cat” in letters, he used an emoji of a cat.

Facebook’s new social network, which has been codenamed "P92," would allow creators and public figures to share timely updates about their interests. A spokesperson for Meta has confirmed that the company is considering a standalone, decentralised social network for sharing text updates but declined to provide any further details.

Also Read: Elon Musk calls Twitter ‘world’s largest non-profit’, asks users to ‘prepare to be disappointed’ by new update

The proposed social network would be based on the Mastodon framework, which is an open-source decentralised social network that launched in 2016. Mastodon has seen a surge in popularity since last October, when Elon Musk's Twitter takeover began.

Meta's potential move into the social networking space follows its recent launch of Meta Verified, a subscription service for Facebook and Instagram users that includes a verified blue check-mark badge, similar to Twitter Blue, as well as other perks. Meta Verified is priced at $11.99 per month on the web and $14.99 per month on Apple's iOS.

Also Read: Twitter deploys new code to ‘force-feed’ Elon Musk’s tweets to users

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 decentralised platforms and their ability to provide greater security and privacy to users.

If Meta does decide to launch a decentralised social network, it could represent a significant shift away from the centralised social networking model that Facebook has long been associated with.

(With agency inputs)

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:12 Mar 2023, 06:51 AM IST
Business NewsNewsWorldElon Musk mocks Mark Zuckerberg launching Twitter rival

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    523.80
    03:59 PM | 27 NOV 2024
    86.05 (19.66%)

    Bharat Electronics share price

    307.25
    03:57 PM | 27 NOV 2024
    9.45 (3.17%)

    Indian Oil Corporation share price

    138.95
    03:59 PM | 27 NOV 2024
    1.95 (1.42%)

    Adani Ports & Special Economic Zone share price

    1,199.75
    03:52 PM | 27 NOV 2024
    70.95 (6.29%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Federal Bank share price

    212.80
    03:59 PM | 27 NOV 2024
    -0.75 (-0.35%)

    Laurus Labs share price

    544.30
    03:29 PM | 27 NOV 2024
    -1.95 (-0.36%)

    Piramal Enterprises share price

    1,190.25
    03:41 PM | 27 NOV 2024
    -7.1 (-0.59%)

    Wipro share price

    582.70
    03:56 PM | 27 NOV 2024
    -6.35 (-1.08%)
    More from 52 Week High

    Prestige Estates Projects share price

    1,630.55
    03:29 PM | 27 NOV 2024
    -75.15 (-4.41%)

    Rainbow Childrens Medicare share price

    1,580.05
    03:29 PM | 27 NOV 2024
    -63.95 (-3.89%)

    EPL share price

    264.90
    03:47 PM | 27 NOV 2024
    -8.75 (-3.2%)

    Fortis Healthcare share price

    645.35
    03:41 PM | 27 NOV 2024
    -19.25 (-2.9%)
    More from Top Losers

    Engineers India share price

    201.45
    03:55 PM | 27 NOV 2024
    17.45 (9.48%)

    Aster DM Healthcare share price

    478.45
    03:40 PM | 27 NOV 2024
    38.7 (8.8%)

    ADANI WILMAR share price

    314.90
    03:59 PM | 27 NOV 2024
    24.55 (8.46%)

    BHARAT DYNAMICS share price

    1,118.20
    03:52 PM | 27 NOV 2024
    85.95 (8.33%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,245.00-1,310.00
      Chennai
      77,251.00-1,310.00
      Delhi
      77,403.00-1,310.00
      Kolkata
      77,255.00-1,310.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts