https://techcrunch.com/2023/05/19/everything-we-know-about-instagrams-twitter-clone-due-this-summer/

While the future remains uncertain for Twitter, Meta is throwing its hat into the ring to build the next major microblogging platform. This new Meta app is expected to launch this summer, according to an email shared with a select group of creators, and viewed by TechCrunch.

This text-based app will stand alone, but it will be partially integrated within Instagram. Users will keep their Instagram verification and handle, and all of their followers will receive a notification to go follow them on the to-be-named platform. Meta’s text-based platform will be decentralized and interoperable with Mastodon, which is built on the ActivityPub protocol.