Watch Out Elon Musk! Instagram's Twitter-Like Text App Could Arrive By June

A new Twitter-like text app could be arriving on Meta Platforms' META Instagram, according to a post from Lia Haberman's ICYMI newsletter.

Details on the feature have reportedly surfaced on calls between Meta and creators, which suggested a late June release. 

Haberman, citing a creator who met with the company, reports the app will feature a single sign-in with your Instagram details. A user's handle, bio, and verification details will carry over from Instagram, according to Haberman.

Other features include text posts of up to 500 characters and the ability to attach links, photos, and videos. 

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These developments come amid Elon Musk's plans to expand features on Twitter, including the ability for Twitter Blue verified users to upload two-hour videos on the platform. 

Musk also suggested that Instagram-like features, such as video editing and filters, could be coming to Twitter soon. 

Price Action: Meta shares traded lower by 0.93% Friday afternoon at $244.55 as broader markets fell on debt ceiling uncertainty.

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