Here's a Moneycontrol exclusive newsbreak that has echoed across the internet. π₯
#Meta is mulling a #Twitter competitor codenamed βP92β which will also be interoperable with #Mastodon.
@deepsekharc & @tsuvik bring us details about what this might look like. A thread π§΅
The app will be #Instagram-branded and will allow users to register/login to the app through their Instagram credentials, sources said. π²
@moneycontrolcom has seen a copy of an internal product brief that elaborates on the functioning and various product features of the app.
This development comes at a time when tech companies are eyeing an opportunity to capitalise on the growing trend of Twitter users looking to migrate to alternative platforms, with the chaos in #Twitter caused under the new owner @elonmusk
In December, news reports suggested that #Meta-owned #Instagram also introduced a new feature called #Notes that allows users to share short posts of up to 60 characters using just text and emojis.
The company has considered turning this feature into a #Twitter competitor.
But, that effort has now transitioned from being just an #Instagram feature to a standalone content app. π±
Some of the other #P92 features including tappable links in posts with previews (like #Twitter), user bio, username, verification badges, images, and videos would be made shareable on the initial versions of the app, according to the plan.
Sources said the plan is to build the terms of service in such a way that #Instagram users who do not sign up for #P92 will be presented to users who do choose to sign up for P92 to power friend recommendations.
Further, the #P92 team's desire is to use Instagram data of all #Instagram users regardless of their participation in P92 as freely as possible for purposes of analytics, product improvement, and ranking on P92, said the sources.
#GSTAt5: The Goods and Services Tax regime is set to complete five years on June 30. π
On the run-up to its fifth anniversary, here's a π§΅of our best stories to bring you up to date with everything related to #GST.
Keep scrolling down π
#GSTAt5: It has been almost five years since the GST was introduced in India and it is now time to review whether one of the countryβs most transformational tax reforms since Independence has delivered on its promise!
Challenges such as slowing growth, supply chain disruptions, soaring inflation, rising interest rates & fears of recession present an opportunity to transition to new ways to gain market share.
β‘οΈ This is where it all started, when #MCInsider wrote an item about a dealer at a fund house driving around in a Lamborghini, pointing to disproportionate assets to income (May 2).
ON May 4, just 2 days later, #AxisMF suspended two of its officials/fund managers. The names of the fund managers (one of whom was the chief dealer) coincided with the word on the street that one of them was the suspect, driving the said Lamborghini, as also broken by #MCInsider.
β‘οΈ ON May 6, MC broke the story that the fund house had suspended Joshi, along with assistant fund manager Deepak Agarwal, on allegations on irregularities.