Mark Zuckerberg’s Twitter alternative, “Project 92” or “Barcelona”, could be released as early as next month. The company is currently testing the decentralized planned alternative for Twitter with celebrities and influencers. The Twitter alternative promises a “decentralized social network” for text messages, built on top of Instagram, allowing users to log in with their Instagram accounts and take their handle, bio, verification, and followers with them. The app should be separated from Instagram despite all import options, and there are no plans for monetization at the moment. According to social media expert and lecturer in social media marketing at the University of California, Lia Haberman, Meta likes to take functionality from other third-party apps and replicate it, depending on what users like.
Elon Musk plans to turn Twitter into “Everything App X” and named the Chinese WeChat app as a model for his super app. According to court documents, Twitter has been called “X” since Musk’s acquisition. Based on Meta’s track record, Haberman says it’s more likely that Zuckerberg will reach that goal first, Bloomberg reports.
According to a survey commissioned by the Internet node operator DE-CIX in Frankfurt, people in Germany see artificial intelligence (AI) as the most important future digital technology. The AI hype is pushing back the Metaverse, with people in Germany currently believing that new digital VR worlds such as the Metaverse will not prevail as future technology.
Over the past year, Zuckerberg had bet all on the Metaverse, ready to do whatever it took to become the virtual reality leader. However, his conviction that in the future people would spend many hours a day in his virtual environment cost him enormous sums of money. According to Bloomberg, his fortune fell by more than $100 billion at one point. At the beginning of March, Zuckerberg announced the “Year of Efficiency” and further layoffs and austerity measures. This year it is said to have grown again by 44 billion dollars, making Meta stock the second-best stock in the S&P 500 this year, rising more than 100 percent and taking its net worth to $89.9 billion, Bloomberg reports.
