Mark Zuckerberg Fails To Get Instagram Head Talking About 'Top Secret' Text App
Portfolio Pulse from Ananya Gairola
Mark Zuckerberg hinted at Instagram's upcoming 'top secret new text app,' rumored to be called 'Barcelona,' launching this summer. The app is part of Meta Platforms Inc.'s (NASDAQ: META) plan to create a decentralized text-based social network, potentially rivaling Elon Musk's Twitter.
May 18, 2023 | 11:02 am
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Meta Platforms Inc. (NASDAQ: META) is working on a 'top secret new text app' called Barcelona, launching this summer, as part of its plan to create a decentralized text-based social network.
The news of Meta's upcoming text app, Barcelona, indicates the company's continued expansion into the social media market. This could potentially rival Twitter, attracting more users and advertisers, which may positively impact Meta's stock price in the short term.
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