As you may know, there have been rumors circulating for a while that Instagram has been working on a new social media platform. Some new developments have been made regarding these rumors about the establishment of a new text-based platform to rival Twitter. With the newly conveyed details about the platform, the scope and structure of the project have become more apparent. Here are the details.

The application being developed by Instagram could provide solutions to the issues on Twitter!

The application being developed by Instagram could provide solutions to the issues on Twitter! New information shared by Chris Cox, the product manager at Meta, during an internal company meeting and leaked to the internet, indicates that the upcoming Twitter rival being developed has a similar interface to Instagram. The new application, codenamed “Project 92,” will likely be an independent application and is expected to be unveiled at the end of the month. The application, which shows similarities to Twitter with features like like and share buttons, community functions, and other typical characteristics, raises questions about whether it can attract Twitter users to its platform.

The fact that Instagram’s developing application works on the “single account” principle has received positive feedback due to the convenience it will provide in usage. Furthermore, considering Cox’s comments referring to information pollution and abuse on Twitter, it is expected that the application will make a difference in these areas as well.

Twitter has been gradually losing its former popularity and decreasing its stock value recently. It is clear that Instagram is trying to take advantage of this gap to solve existing problems and attract Twitter users to its platform. We will continue to provide updates on the project.

So, what are your thoughts on this matter? Do you think Instagram will be able to turn this opportunity into a success? Feel free to share your opinions with us in the comments section.