If this is Instagram’s Twitter competitor, I’m ready to jump ship

We might be really close to Instagram launching its Twitter competitor and it really has me thinking of heading back over there.

As reported by Lia Haberman in her ICYMI newsletter, we got our first look at what is expected to be Instagram's new text-based social media app. According to Haberman, the app currently has an internal codename of "P92," "Project 92," or "Barcelona." The current tagline for the product is "Instagram for your thoughts."

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