diff --git a/desktop/app/src/dispatcher/__tests__/plugins.node.tsx b/desktop/app/src/dispatcher/__tests__/plugins.node.tsx
index fd3acd4dd..0c1fe78cd 100644
--- a/desktop/app/src/dispatcher/__tests__/plugins.node.tsx
+++ b/desktop/app/src/dispatcher/__tests__/plugins.node.tsx
@@ -15,6 +15,7 @@ import dispatcher, {
   checkDisabled,
   checkGK,
   requirePlugin,
+  filterNewestVersionOfEachPlugin,
 } from '../plugins';
 import path from 'path';
 import {ipcRenderer, remote} from 'electron';
@@ -140,3 +141,22 @@ test('requirePlugin loads plugin', () => {
   expect(plugin!.prototype).toBeInstanceOf(FlipperPlugin);
   expect(plugin!.id).toBe(TestPlugin.id);
 });
+
+test('newest version of each plugin is taken', () => {
+  const plugins: PluginDefinition[] = [
+    {name: 'flipper-plugin-test1', version: '0.1.0'},
+    {name: 'flipper-plugin-test2', version: '0.1.0-alpha.201'},
+    {name: 'flipper-plugin-test2', version: '0.1.0-alpha.21'},
+    {name: 'flipper-plugin-test1', version: '0.10.0'},
+  ];
+  const filteredPlugins = filterNewestVersionOfEachPlugin(plugins);
+  expect(filteredPlugins).toHaveLength(2);
+  expect(filteredPlugins).toContainEqual({
+    name: 'flipper-plugin-test1',
+    version: '0.10.0',
+  });
+  expect(filteredPlugins).toContainEqual({
+    name: 'flipper-plugin-test2',
+    version: '0.1.0-alpha.201',
+  });
+});
diff --git a/desktop/app/src/dispatcher/plugins.tsx b/desktop/app/src/dispatcher/plugins.tsx
index 99fbafda6..7ac05e7f2 100644
--- a/desktop/app/src/dispatcher/plugins.tsx
+++ b/desktop/app/src/dispatcher/plugins.tsx
@@ -29,6 +29,7 @@ import {default as config} from '../utils/processConfig';
 import isProduction from '../utils/isProduction';
 import {notNull} from '../utils/typeUtils';
 import {sideEffect} from '../utils/sideEffect';
+import semver from 'semver';
 
 // eslint-disable-next-line import/no-unresolved
 import getPluginIndex from '../utils/getDefaultPluginsIndex';
@@ -58,7 +59,10 @@ export default (store: Store, logger: Logger) => {
 
   const initialPlugins: Array<
     typeof FlipperPlugin | typeof FlipperDevicePlugin
-  > = [...getBundledPlugins(), ...getDynamicPlugins()]
+  > = filterNewestVersionOfEachPlugin([
+    ...getBundledPlugins(),
+    ...getDynamicPlugins(),
+  ])
     .filter(checkDisabled(disabledPlugins))
     .filter(checkGK(gatekeepedPlugins))
     .map(requirePlugin(failedPlugins, defaultPluginsIndex))
@@ -83,6 +87,21 @@ export default (store: Store, logger: Logger) => {
   );
 };
 
+export function filterNewestVersionOfEachPlugin(
+  plugins: PluginDefinition[],
+): PluginDefinition[] {
+  const pluginByName: {[key: string]: PluginDefinition} = {};
+  for (const plugin of plugins) {
+    if (
+      !pluginByName[plugin.name] ||
+      semver.gt(plugin.version, pluginByName[plugin.name].version, true)
+    ) {
+      pluginByName[plugin.name] = plugin;
+    }
+  }
+  return Object.values(pluginByName);
+}
+
 function getBundledPlugins(): Array<PluginDefinition> {
   // DefaultPlugins that are included in the bundle.
   // List of defaultPlugins is written at build time
diff --git a/desktop/scripts/build-utils.ts b/desktop/scripts/build-utils.ts
index 876c4b613..333e1b54b 100644
--- a/desktop/scripts/build-utils.ts
+++ b/desktop/scripts/build-utils.ts
@@ -14,7 +14,7 @@ import fs from 'fs-extra';
 import {spawn} from 'promisify-child-process';
 import {getWatchFolders} from 'flipper-pkg-lib';
 import getAppWatchFolders from './get-app-watch-folders';
-import getPlugins from '../static/getPlugins';
+import {getSourcePlugins} from '../static/getPlugins';
 import {
   appDir,
   staticDir,
@@ -22,7 +22,7 @@ import {
   headlessDir,
   babelTransformationsDir,
 } from './paths';
-import getPluginFolders from '../static/getPluginFolders';
+import {getPluginSourceFolders} from '../static/getPluginFolders';
 
 const dev = process.env.NODE_ENV !== 'production';
 
@@ -33,7 +33,7 @@ export function die(err: Error) {
 
 export async function generatePluginEntryPoints() {
   console.log('⚙️  Generating plugin entry points...');
-  const plugins = await getPlugins();
+  const plugins = await getSourcePlugins();
   if (await fs.pathExists(defaultPluginsIndexDir)) {
     await fs.remove(defaultPluginsIndexDir);
   }
@@ -107,7 +107,7 @@ export async function compileHeadless(buildFolder: string) {
     headlessDir,
     ...(await getWatchFolders(staticDir)),
     ...(await getAppWatchFolders()),
-    ...(await getPluginFolders()),
+    ...(await getPluginSourceFolders()),
   ]
     .filter((value, index, self) => self.indexOf(value) === index)
     .filter(fs.pathExistsSync);
@@ -128,7 +128,7 @@ export async function compileRenderer(buildFolder: string) {
   console.log(`⚙️  Compiling renderer bundle...`);
   const watchFolders = [
     ...(await getAppWatchFolders()),
-    ...(await getPluginFolders()),
+    ...(await getPluginSourceFolders()),
   ];
   try {
     await compile(
diff --git a/desktop/scripts/start-dev-server.ts b/desktop/scripts/start-dev-server.ts
index 19c53751b..8214ed42a 100644
--- a/desktop/scripts/start-dev-server.ts
+++ b/desktop/scripts/start-dev-server.ts
@@ -25,8 +25,8 @@ import MetroResolver from 'metro-resolver';
 import {staticDir, appDir, babelTransformationsDir} from './paths';
 import isFB from './isFB';
 import getAppWatchFolders from './get-app-watch-folders';
-import getPlugins from '../static/getPlugins';
-import getPluginFolders from '../static/getPluginFolders';
+import {getSourcePlugins} from '../static/getPlugins';
+import {getPluginSourceFolders} from '../static/getPluginFolders';
 import startWatchPlugins from '../static/startWatchPlugins';
 import ensurePluginFoldersWatchable from '../static/ensurePluginFoldersWatchable';
 
@@ -88,7 +88,7 @@ function launchElectron(port: number) {
 
 async function startMetroServer(app: Express, server: http.Server) {
   const watchFolders = (await getAppWatchFolders()).concat(
-    await getPluginFolders(),
+    await getPluginSourceFolders(),
   );
   const baseConfig = await Metro.loadConfig();
   const config = Object.assign({}, baseConfig, {
@@ -206,7 +206,7 @@ async function startWatchChanges(io: socketIo.Server) {
         ),
       ),
     );
-    const plugins = await getPlugins();
+    const plugins = await getSourcePlugins();
     await startWatchPlugins(plugins, () => {
       io.emit('refresh');
     });
diff --git a/desktop/static/compilePlugins.ts b/desktop/static/compilePlugins.ts
index 5230d6965..5211168fd 100644
--- a/desktop/static/compilePlugins.ts
+++ b/desktop/static/compilePlugins.ts
@@ -14,7 +14,7 @@ import recursiveReaddir from 'recursive-readdir';
 import pMap from 'p-map';
 import {homedir} from 'os';
 import {runBuild, PluginDetails} from 'flipper-pkg-lib';
-import getPlugins from './getPlugins';
+import {getSourcePlugins, getInstalledPlugins} from './getPlugins';
 import startWatchPlugins from './startWatchPlugins';
 import ensurePluginFoldersWatchable from './ensurePluginFoldersWatchable';
 
@@ -41,7 +41,7 @@ export default async function (
 ): Promise<CompiledPluginDetails[]> {
   if (process.env.FLIPPER_FAST_REFRESH) {
     console.log(
-      '🥫  Skipping loading of third-party plugins because Fast Refresh is enabled',
+      '🥫  Skipping loading of installed plugins because Fast Refresh is enabled',
     );
     return [];
   }
@@ -50,9 +50,12 @@ export default async function (
   const defaultPlugins = (
     await fs.readJson(path.join(__dirname, 'defaultPlugins', 'index.json'))
   ).map((p: any) => p.name) as string[];
-  const dynamicPlugins = (await getPlugins(true)).filter(
-    (p) => !defaultPlugins.includes(p.name),
-  );
+  const dynamicPlugins = [
+    ...(await getInstalledPlugins()),
+    ...(await getSourcePlugins()).filter(
+      (p) => !defaultPlugins.includes(p.name),
+    ),
+  ];
   await fs.ensureDir(pluginCache);
   if (options.recompileOnChanges) {
     await startWatchChanges(
diff --git a/desktop/static/ensurePluginFoldersWatchable.ts b/desktop/static/ensurePluginFoldersWatchable.ts
index 8ed54032d..99f3c56ca 100644
--- a/desktop/static/ensurePluginFoldersWatchable.ts
+++ b/desktop/static/ensurePluginFoldersWatchable.ts
@@ -7,7 +7,7 @@
  * @format
  */
 
-import getPluginFolders from './getPluginFolders';
+import {getPluginSourceFolders} from './getPluginFolders';
 import fs from 'fs-extra';
 
 const watchmanconfigName = '.watchmanconfig';
@@ -15,7 +15,7 @@ const watchmanconfigName = '.watchmanconfig';
 import path from 'path';
 
 export default async function ensurePluginFoldersWatchable() {
-  const pluginFolders = await getPluginFolders();
+  const pluginFolders = await getPluginSourceFolders();
   for (const pluginFolder of pluginFolders) {
     if (!(await hasParentWithWatchmanConfig(pluginFolder))) {
       // If no watchman config found in the plugins folder or any its parent, we need to create it.
diff --git a/desktop/static/getPluginFolders.ts b/desktop/static/getPluginFolders.ts
index bc3b64524..fa51cecbe 100644
--- a/desktop/static/getPluginFolders.ts
+++ b/desktop/static/getPluginFolders.ts
@@ -12,13 +12,12 @@ import fs from 'fs-extra';
 import expandTilde from 'expand-tilde';
 import {homedir} from 'os';
 
-export default async function getPluginFolders(
-  includeThirdparty: boolean = false,
-) {
+export function getPluginsInstallationFolder(): string {
+  return path.join(homedir(), '.flipper', 'thirdparty');
+}
+
+export async function getPluginSourceFolders(): Promise<string[]> {
   const pluginFolders: string[] = [];
-  if (includeThirdparty) {
-    pluginFolders.push(path.join(homedir(), '.flipper', 'thirdparty'));
-  }
   if (process.env.FLIPPER_NO_EMBEDDED_PLUGINS === 'true') {
     console.log(
       '🥫  Skipping embedded plugins because "--no-embedded-plugins" flag provided',
diff --git a/desktop/static/getPlugins.ts b/desktop/static/getPlugins.ts
index 90347b561..866e77be8 100644
--- a/desktop/static/getPlugins.ts
+++ b/desktop/static/getPlugins.ts
@@ -10,15 +10,23 @@
 import path from 'path';
 import fs from 'fs-extra';
 import expandTilde from 'expand-tilde';
-import getPluginFolders from './getPluginFolders';
+import {
+  getPluginsInstallationFolder,
+  getPluginSourceFolders,
+} from './getPluginFolders';
 import {PluginDetails, getPluginDetails} from 'flipper-pkg-lib';
 import pmap from 'p-map';
 import pfilter from 'p-filter';
 
-export default async function getPlugins(
-  includeThirdparty: boolean = false,
+export async function getSourcePlugins(): Promise<PluginDetails[]> {
+  return await getPluginsFromFolders(await getPluginSourceFolders());
+}
+export async function getInstalledPlugins(): Promise<PluginDetails[]> {
+  return await getPluginsFromFolders([getPluginsInstallationFolder()]);
+}
+async function getPluginsFromFolders(
+  pluginFolders: string[],
 ): Promise<PluginDetails[]> {
-  const pluginFolders = await getPluginFolders(includeThirdparty);
   const entryPoints: {[key: string]: PluginDetails} = {};
   const additionalPlugins = await pmap(pluginFolders, (path) =>
     entryPointForPluginFolder(path),