With all the tumult occurring with the now Elon Musk-owned X -- formerly known as Twitter -- Meta Platforms (NASDAQ: META) sensed an opportunity to offer its own micro-messaging service. A new move apparently planned by Meta could give it a fresh shot in the arm.

On news of this, cautiously optimistic investors traded Meta's stock up by more than 2% on Monday. That was more than good enough to beat the S 500 index, which inched 0.7% higher on the day.

In an exclusive report published Sunday night, citing "people familiar with Meta's plans," The Wall Street Journal said the company aims to roll out a web version of threads early this week. It did not get more specific about timing.

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Source Fool.com