Following reports on news websites Platformer and India-based Moneycontrol, Meta confirmed that it was beginning to work on the new platform.
"We're exploring a standalone, decentralized social network for sharing text updates," Meta said in a short emailed statement.
"We believe there's an opportunity for a separate space where creators and public figures can share timely updates about their interests," the statement added.
The media reports said that Meta's new app would use technology that allowed it to be interoperable with niche network Mastodon and other platforms.
This would be a clear break from usual practice by tech giants, where platforms such as Instagram or YouTube are kept behind technological walls and operate using company servers under strict rules.
Mastodon runs from decentralized computing servers, with no central management or authority calling the shots.
In December, Musk briefly banned Twitter accounts that provided links to other social media platforms, including Facebook, Instagram and Mastodon.
Meta May Launch Twitter Rival
SAN FRANCISCO - Facebook owner Meta is working on a new "text sharing" social media platform, it said March 10, in a project seen as a potential rival to embattled Twitter.
