Instagram readies Twitter competitor for summer release

Instagram, owned by Meta Platforms Inc, didn’t immediately respond to a request for comment. Twitter’s chaotic takeover by Elon Musk has caused some users to look for alternatives, and created an opening in the market. — 12rf.com

Instagram is planning to release a text-based app that will compete with Twitter.

The company is currently testing the project idea with celebrities and influencers, according to people familiar with the matter. Instagram has been in discussions with select creators for months, though none of them has had access to the full version of the app, according to one of the people.