From the article

" Casey Newton at Platformer reports he has e-mail confirmation from Meta that:

[Meta is] exploring a standalone decentralized 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 (Source).

Their new app is codenamed P92, and according to a separate report by Moneycontrol:

… will support ActivityPub, the decentralised social networking protocol powering Twitter rival Mastodon and other federated apps (Source).

It will also:

be Instagram-branded and will allow users to register/login to the app through their Instagram credentials.

"

  • rm_dash_r_star@lemm.ee
    link
    fedilink
    arrow-up
    3
    ·
    1 year ago

    Sheesh, I hope that doesn’t happen. They’ll find some way to exploit it to their benefit. Can only hope that some kind of vetting process gets established that could deny them from federating with any server. If not overall, at least for Lemmy.

  • Belgdore@lemm.ee
    link
    fedilink
    arrow-up
    0
    ·
    1 year ago

    They won’t be able to directly monetize it. I don’t see why they are pushing it.

    • Gatsby@lemm.eeOP
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      All the data of any instance they’re federated with will be on their local server.

      They will be able to mine information on servers they don’t have to pay to host.

      Collecting and selling information IS how they monetize