Meta admits researching separate text update tool, perhaps battling faltering Twitter versus Elon Musk.
Meta spokesman believes creators and public figures can update like Twitter.
Meta proposes a decentralised platform like Reddit or Discord, unlike its other centralised platforms.
Third-party apps on Meta's decentralised platform may expand user experiences.
According to Platformer, Instagram CEO Adam Mosseri is leading P92, which is in its early phases.
Meta declined to comment on the new platform's features or launch date.
As Twitter falters, upstart platforms strive to capitalise, but post-Musk adoption is difficult.
With Musk's Twitter acquisition, Mastodon's user base grew, but decentralisation hindered usability.
Meta prioritises video and recommended content and tests Facebook messaging.