--Facebook parent Meta Platforms Inc. is exploring plans to launch a new social-media app in its bid to displace Twitter Inc. as the world's "digital town square," Reuters reported Friday.

--Meta is exploring a standalone decentralized social network for sharing text updates, a Meta representative told Reuters.

--Meta's app would be based on a similar framework that powers Mastodon, a Twitter-like service that was launched in 2016, according to the report.

Full story: https://www.reuters.com/technology/meta-explores-decentralized-social-network-app-text-updates-2023-03-10/

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 10, 2023 12:50 ET (17:50 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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