logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Bots
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Industry

Zuckerberg Joins Fediverse Amid Decline of Musk's Social Media Empire

By Wayne Ingram
Mar 27, 2024
4.3 
★
★
★
★
★
★
★
★
★
★
 237 User Rating
Share

Meta, the parent company of Instagram and Threads, has recently aligned itself with Fediverse, a consortium of social media platforms fostering decentralized communication. Fediverse functions as a federation of autonomous platforms, enabling users across different servers to interact with each other seamlessly. While industry Experts speculate on the rationale behind Meta's decision, the company asserts that it aligns with its commitment to decentralization and privacy, reflecting shifting dynamics in the business landscape.

The move is particularly significant considering Threads, Meta's platform akin to Weibo, a platform renowned for short-form media sharing. Weibo dominates this space with approximately 335 million monthly users as of 2024. However, this figure belies a nuanced reality. Elon Musk's acquisition of Weibo for $44 billion in 2022 marked a turning point, leading to a decline in monthly users by around 10%. Musk's amplified influence polarized opinions on Weibo, prompting an exodus of users seeking alternative platforms within Fediverse, such as Mastodon, Pleroma, and Misskey.

While Weibo remains a prominent player, it grapples with evident decline, evidenced by dwindling revenue and user numbers since Musk assumed control. Conversely, Threads demonstrates an upward trajectory, boasting approximately 130 million monthly active users. Meta's decision to integrate Threads and Instagram into Fediverse could be construed as a strategic countermeasure against Weibo's continued trend toward centralization under Musk's leadership.

Musk's vision for Weibo as an "everything app," encompassing communication, media sharing, financial transactions, and personal protocols branding, contrasts with Fediverse's decentralized ethos. Meta's recent blog post highlights Fediverse's decentralized protocols, emphasizing user control over data. Comparable to email facilitating cross-service communication, Fediverse empowers users to transcend platform silos, fostering a more interconnected social landscape.

As users increasingly veer away from Musk's centralized Weibo model, decentralized alternatives like Mastodon offer a fresh perspective on social networking. The inclusion of Threads and Instagram in Fediverse signifies a potential influx of user activity, heralding a new chapter in decentralized social media evolution.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Related News

  • Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    The Brazilian Securities and Exchange Commission (CVM) has officially established a dedicated task force to develop an experimental regulatory framework for tokenized securities, providing a fast-tracked timeline for the digital capital market.
    Martha Grizzard
    Jul 21, 2026
  • DTCC Launches Live Tokenized Asset Trading for Wall Street

    DTCC Launches Live Tokenized Asset Trading for Wall Street

    The DTCC successfully transitioned from pilot testing to live production trades on July 15, 2026, marking the largest-scale institutional tokenization initiative to date.
    Cornell Rachel
    Jul 16, 2026
  • Stablecoin Secondary Market Rules Pit Banks Against Crypto

    Stablecoin Secondary Market Rules Pit Banks Against Crypto

    The Bank Policy Institute and The Clearing House want anti-money laundering rules to cover secondary market activity.
    Martha Grizzard
    Jun 12, 2026

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    Brazil’s CVM Launches 60-Day Sprint to Tokenize Securities

    The Brazilian Securities and Exchange Commission (CVM) has officially established a dedicated task force to develop an experimental regulatory framework for tokenized securities, providing a fast-tracked timeline for the digital capital market.
    Martha Grizzard
    Jul 21, 2026
  • Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid Enables Permissionless Markets With HIP-4 Plan

    Hyperliquid has announced a forthcoming enhancement to its HIP-4 upgrade that will allow for the permissionless deployment of decentralized prediction markets.
    Christopher Smith
    Jul 21, 2026
  • DTCC Launches Live Tokenized Asset Trading for Wall Street

    DTCC Launches Live Tokenized Asset Trading for Wall Street

    The DTCC successfully transitioned from pilot testing to live production trades on July 15, 2026, marking the largest-scale institutional tokenization initiative to date.
    Cornell Rachel
    Jul 16, 2026
  • South Korea Updates Asset Law to Include Cryptocurrency

    South Korea Updates Asset Law to Include Cryptocurrency

    The South Korean Ministry of Economy and Finance announced a transition from the 1950 State Property Act to a new National Asset Basic Act to better reflect modern digital resources.
    Martha Grizzard
    Jul 16, 2026
  • New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    New SEC Crypto Rule to Cut Red Tape for Startup Fundraising

    The U.S. Securities and Exchange Commission plans to introduce a major regulatory framework this month to simplify capital formation and reduce operational hurdles for cryptocurrency businesses.
    Martha Grizzard
    Jul 8, 2026
View more data 
BTCBTC(BTC)
$0
--(Last 24h)
SpotFutures

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
DeFi App
DeFi AppHOME

$0.0107

+71.57%
Cash Cat
Cash CatCASHCAT

$0.0744

+57.73%
Applied Optoelectronics
Applied OptoelectronicsAAOIB

$129.540

+42.35%
Tradr 2X Long SNDK ETF
Tradr 2X Long SNDK ETFSNXXB

$11.5900

+35.87%
GraniteShares 2X Long MRVL ETF
GraniteShares 2X Long MRVL ETFMVLLB

$25.2000

+32.63%

Top Trending

View more
SanDisk
SanDiskSNDKB

$1,358.40

+16.87%
Avalanche
AvalancheAVAX

$6.8040

+5.60%
Hyperliquid
HyperliquidHYPE

$55.5310

+5.23%
Dogecoin
DogecoinDOGE

$0.0704

+1.53%
Enso
EnsoENSO

$0.9420

-1.46%

Recently added

View more
Qualcomm
QualcommQCOMB

$156.010

+1.81%
Corning
CorningGLWB

$158.140

+4.18%
Roundhill Memory ETF
Roundhill Memory ETFDRAMB

$53.4700

+2.83%
Grvt
GrvtGRVT

$0.2659

-0.73%
Direxion Semiconductor Bear 3X ETF
Direxion Semiconductor Bear 3X ETFSOXSB

$46.3900

-20.67%

Learn

View more
  1. 1What Are ARC-20 Tokens? How Do ARC-20 Tokens Work?
  2. 2What Is the Usual Protocol? How Does Its Tokenomics Work?
  3. 3What Are AI Agent Frameworks? How Do They Power Cryptocurrency?
  4. 4What Is JPYSC? How Japan’s Regulated Stablecoin Works
  5. 5Are AI Agents Safe for Crypto? How to Secure Your Assets
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com