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Meta to test monthly subscription service priced at $11.99

Published 02/19/2023, 11:16 AM
Updated 02/20/2023, 02:05 PM
© Reuters. FILE PHOTO: Facebook app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

(Reuters) -Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities.

The subscription bundle for Instagram and Facebook (NASDAQ:META), to be launched later this week, also includes extra protection against impersonation and will be priced starting at $11.99 per month on the web or $14.99 a month on Apple (NASDAQ:AAPL)'s iOS system and Android.

Meta Verified will be rolled out in Australia and New Zealand this week, with gradual launches in other countries to follow.

Meta's foray into subscription services follows Twitter, which announced last month that Twitter Blue will be priced at $11 per month.

The social media giant's CEO Mark Zuckerberg has earlier said it was planning to launch several new products that would "empower creators to be way more productive and creative," while cautioning about the cost associated with supporting the technology for a large user base.

Other social media apps, like Snap Inc (NYSE:SNAP)'s Snapchat and messaging app Telegram launched paid subscription services last year, as a new source of revenue.

Latest comments

Everyone should cancel social media for one year and see if violence in society slows down
Social media, why not just talk to eachother?
Lolz the picture in the story looks like fakebook lying in a coffin...
i would never pay 11,99$ to use facebook. I'm out
Customer service should always be free.
Jeez why so bearish it is infact bullish 3 billion users this company have some influencers will pay that fee lets say 1% and that’s still bullish
not on META, never will be, and I certainly wouldn't pay for it. Gimmick to fleece the proud.
Like back in the day when USPS tried charging for a USPS email address.
12$ for brainwashing. Good deal
😁you right
I'm here
I hate to say it, but this seems like an broken business to me. When the metaverse is released, and everyone uses their phones and computers to do things no one can imagine yet... it will make sense again.
Yes, it will all make sense when we can sit at our computers and play the latest version of The Sims. At which point Meta will have long been bankrupted by stupidity.
I don't understand why someone would want to verify an private account. Makes little sense to me why you would want an public account unless you were promoting your wares etc
I don't completely understand the purpose of facebook or meta. I do understand the purpose and value in twitter. Is meta trying to compete with Twitter? If you create an profile and it's private, who cares if the user is verified or not? Arn't most facebook accounts private these days? What's the point or value in an public facebook account? If I want to use it to get contacts or contact info.... I can do that through many other services. LinkedIn, facebook, pintrist, tiktok,snap list goes on and on
I'm sorry but twitter is just a little blip compared to Facebook and meta apps, the number of daily users and potential reach for advertising is far larger on Facebook and Instagram,although an official account may help some users I really can't see it been much more than an gimmick.
let the circus begin
Lmao 🤣 Facebook still around?
I don't think so
Themsons of bucks
Only 12 bucks a month to get brainwashed regularly and securely. Sounds like a bargain.
Good gawd, we agree on something.
Even if they paid me $11.99 I still wouldn’t. Its ruining society
You could not pay me to use any app owned by meta
You could not pay me to use facebook
Nice. All in puts.
Now copying musk nice im sure this will work out
beginning of the end.
they couldn't pay me to use their crap
seynabkamal
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