Meta, the parent firm of Facebook and Instagram, is working on a standalone, text-based social network app. Meta’s plans come at a time when its biggest platform, Facebook, is struggling to attract the attention of a younger audience. It has also heavily invested in the metaverse, a virtual world where users interact and work – which has yet to come to fruition. Its video-sharing app, Instagram, is also facing stiff competition as content makers or hit influencers abandon the platform for TikTok. Is meta struggling ?

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