元Unveils Twitter Competitor to Offer People a 'Sanely Run' PlatformThe company is in talks with Oprah Winfrey and the Dalai Lama regarding commitments to the app.

Facebook parent company元Platforms might have its sights set on themetaverse— but it's still making time for other big projects.

元revealed it will release a standalone app to compete withElon Musk's Twitterat an all-hands meeting led by chief product officer Chris Cox on Thursday, people familiar with the matter toldThe Wall Street Journal.

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Twitter has struggled in the wake of Musk's takeover, withadvertisers pulling outamid significant issues including the rise of hate speech. Sixty percent of Twitter users say they've "taken a break" from the platform in the past year, according to a study from thePew Research Center.

Cox told Meta employees that creators and public figures told the company they want a "sanely run" platform; Meta is discussing commitments to the app with Oprah Winfrey and theDalai Lama. Meta strives to launch the app, internally code-named Project 92, "as soon as we can," per theWSJ.

元chief executive Mark Zuckerberg also spoke at the meeting, noting that Apple's recently announced $3,500 Vision Pro headset doesn't provide any "magical solutions" and is less "accessible" and "affordable" than Meta's version of the product. Meta's Quest 3 is expected to hit the market this fall and start at $499.

Related:元's Layoffs Are Underway, Right on Schedule | Entrepreneur

Zuckerberg also touched on the company's extensivegenerative AIefforts, which include LLM-based "agents" with different personas for Messenger and Whatsapp.

元Platforms Inc is up nearly 44% year over year.