Meta's secret P92 network

 

1. Facebook and Instragram's Meta family could add a new text-based sibling, reportedly codenamed P92 and confirmed to be in the idea exploration stage as a "standalone decentralized social network." Q: Should Twitter be worried about Meta's new project? Tell us what you think in the Inside Facebook and Meta community.

2. Mark Zuckerberg's "year of efficiency" likely includes a new round of layoffs that could happen any day now and be similar in scope to the 13% cut the company made last year.

3. Someone seems to have let Meta's LLaMA (Large Language Model Meta AI) loose, giving the world a look at the company's latest language model and stoking some fears about how it will be used. Q: Will LLaMA be a differentiator for Meta? Share your thoughts or concerns on Inside.com.

4. A Black Friday-level sale came early and permanently to Meta's Quest Pro headset, with the price taking a turbulent drop from $1,500 to $999 on March 5, likely another sign that near-term opportunities in the metaverse are being deprioritized. Q: If you don't already own a Quest Pro, will this new price point get you to buy one? Tell us what you think on Inside.com.

5. For those who are using Meta's headsets, Walmart's house brand Onn is now shipping out real-world accessories for the Quest 2, including chargers, cases, and straps.

6. Meta suspects people want to spend more time with individual Facebook Reels, so the maximum length is being extended to 90 seconds, and a few new tools have been added to help out creators.

7. Reel creators on both Facebook and Instagram will see their bonuses deleted as Meta sunsets its current incentive program, which originally debuted in 2021.