Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Facebook-owner Meta unveils new paid subscription service

AuthorScott Kanowsky
Published 02/20/2023, 08:16 AM
Updated 02/20/2023, 08:26 AM
© Reuters

By Scott Kanowsky

Investing.com -- Meta Platforms (NASDAQ:META) has announced a new paid subscription service on its Facebook and Instagram platforms.

Dubbed Meta Verified, the feature lets users "get a blue badge," "extra impersonation protection," and "direct access to customer support," chief executive officer Mark Zuckerberg wrote in a Facebook post on Sunday.

Web users will need to pay $11.99 a month for the service, while customers using Apple's (NASDAQ:AAPL) iPhone will face costs of $14.99 a month. Zuckerberg said it will first be available in Australia and New Zealand this week, with more countries to follow soon.

"This new feature is about increasing authenticity and security across our services," Zuckerberg added.

The move follows a similar decision by Elon Musk's Twitter, which introduced the Twitter Blue subscription service last November. The rollout was delayed after several accounts took advantage of the service to impersonate large corporations or celebrities.

Latest comments

Not worth $144 per year just to make you feel important. Must be having a cash flow problem.
Econ 101, never leave money on the table. Twitter proved people were willing to pay
The new feature is about more money for Meta.
rise premarket? today is holiday right
want authenticity? talk to people outside in reality
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.