Meta Platforms (META) has launched a new standalone app called “Forum” that’s designed as a dedicated platform for Facebook Groups. Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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The app functions similarly to Reddit’s (RDDT) message boards and is described by Meta as a space built for discussions, answers, and communities. Reddit’s stock fell 5% immediately after Meta announced the new Forum app due to competition concerns.

In a statement, Meta said that Forum allows users to make posts with a nickname, similar to the standard Facebook app. Content posted to and shared on the Forum app will be visible across Facebook groups on the social media platform.

Group Conversations