Watch Out Elon Musk! Instagram's Twitter-Like Text App Could Arrive By June
Portfolio Pulse from Benzinga Newsdesk
Meta Platforms is reportedly planning to launch a Twitter-like text app on Instagram by late June. The app will feature a single sign-in with Instagram details, text posts of up to 500 characters, and the ability to attach links, photos, and videos. This comes amid Elon Musk's plans to expand features on Twitter.
May 19, 2023 | 6:25 pm
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Meta Platforms plans to launch a Twitter-like text app on Instagram by late June, potentially increasing user engagement and competing with Twitter's upcoming features.
The launch of the new text app on Instagram could increase user engagement on the platform, attracting more users and advertisers. This may positively impact Meta's stock price in the short term. Additionally, the app's features could compete with Twitter's upcoming features, as mentioned in the article, potentially giving Meta an edge in the social media market.
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