Meta Explores Plans to Launch Twitter Rival

Mark Zuckerberg’s Meta Platforms Inc., Facebook and Instagram’s parent company is exploring strategies to create a new social media app in its effort to dislodge Twitter as the world’s “digital town square” which will be built on a parallel structure that powers Mastodon, a Twitter-like service that was launched in 2016.

 

A Twitter-like app would make Meta take leverage on the existing challenges ravaging the Elon Musk-led company, where cost-cutting has been rampant, as Twitter is finding it difficult to hold on to its advertising base since Musk’s takeover of the platform late last year and many companies have restrained from investing their money in the app for marketing after Twitter’s move to restore suspended accounts and release a paid account verification that resulted in scammers impersonating firms.

 

A Meta spokesperson told Reuters in an emailed statement that Mark Zuckerberg’s tech company is exploring a standalone decentralized social network for sharing text updates and they believe that there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests.

 

Meta’s plans come at a period when its biggest platform, Facebook, is struggling to attract the attention of a younger audience, while its huge investments in the Metaverse, a virtual world where users interact and work, display little signs of paying off, at least in the near term. Instagram, Meta’s video-sharing app, is also facing stiff competition as content makers or hit influencers abandon the platform for TikTok.

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Lagos Future Conference 2025

5th - 6th June, 2025

Oriental Hotel, Oniru, Lagos State

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The Lagos Future Conference 2025 is scheduled to take place on June 14, 2025, at the Oriental Hotel in Lekki, Lagos, with the theme "Future-Forward: Harnessing The Power of Youth, Innovation, and Technology for National Economic Growth". However, another source indicates the conference might be happening on June 5-6, 2025, at the same location. To confirm the exact date, it's best to check the official event details.

Conference Highlights:

- Keynote Speech: Insights from renowned experts in various fields
- Panel Sessions: Discussions on empowering generations, regenerating nature, digital enterprise, and transforming humanity
- Networking: Opportunities to connect with young entrepreneurs, innovators, policymakers, and business leaders
- Pitching Competition: A platform for startups to showcase their ideas
- Welcome Cocktail: A chance to mingle with fellow attendees

Featured Speakers:

- Babajide Sanwo-Olu: Executive Governor of Lagos State
- Hannatu Musa Musawa: Minister of Art, Culture and Creative Economy
- Juliet Ehimuan: Founder of Beyond Limits Africa
- Olatubosun Alake: Lagos State Commissioner for Innovation, Science, and Technology

Registration and Contact:

To participate, register through the official website or contact:
- Phone: +234 8055001878
- Email: events@lagosfutureconference.com.ng or digivationtv@gmail.com 

 

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