So Twitter finally considering opening up their platform to an open social protocol. We should welcome the move and encourage them.
https://twitter.com/jack/status/1204766078468911106
jack (@jack) on X

Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. 🧵

X (formerly Twitter)

Discussion on Hacker News:
https://news.ycombinator.com/item?id=21762510

The first comment over there 100% echos my thoughts as well.

Twitter funding a team to develop an open standard for social media | Hacker News