Meta's Instagram and Twitter competitors set to launch soon.

Instagram's new app, reportedly called "Threads" or "Project 92," is being built on the open-source protocol "ActivityPub" and will be a direct competitor to Twitter. The app will allow Instagram users to engage in public and private conversations with ease and will use Instagram's existing account system to automatically populate a user's information. The app is still in development, but it looks poised to rival Twitter's real-time social networking platform and signals Meta's ambition to expand beyond its traditional social media dominance.