Categories: TechnologyWorld

Meta launches subscription service in US

 Meta Platforms Inc on Friday launched its subscription service in the U.S., which would allow Facebook and Instagram users pay for verification in the same vein as Elon Musk-owned Twitter.

The Meta Verified service will give users a blue badge after they verify their accounts using a government ID and will cost $11.99 per month on the web or $14.99 a month on Apple’s iOS system and Google-owned Android, Meta said in a statement.

The service, which Meta said it was testing in February, follows in the footsteps of Snap Inc-owned  Snapchat as well as messaging app Telegram and marks the latest effort by a social media company to diversify its revenue away from advertising.

After a $44 billion buyout by Musk last year, Twitter had rolled out its Blue subscription service which lets people pay for the blue check mark previously limited to verified accounts of politicians, journalists and other public figures.

The initial launch of Twitter Blue in November had led to a surge in users impersonating celebrities and brands on the platform, which prompted the company to halt the service and reintroduce it with different colored checks for individuals, companies and governments.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Not your average firm: Heterogeneous cross-border financial allocations

International financial integration is often measured through national totals. Yet these totals can conceal very…

15 hours ago

Powerful pacifism and currency dominance: What 150 years of international monetary system regime switches say about the US dollar’s future

The 20th century shift from sterling to the dollar is often cited as evidence that…

15 hours ago

US goods trade deficit unexpectedly widens in September

 The US trade deficit in goods unexpectedly widened in September as imports increased, suggesting that…

15 hours ago

Fix education to make AI work across Europe and Central Asia

The countries of Europe and Central Asia (ECA) cannot afford to miss the opportunity that…

15 hours ago

Education and urbanization alone may not end global extreme poverty

Counting the number of people living in extreme poverty — on less than $3 a…

16 hours ago

Oil shocks no longer hit the US economy as they used to

Recent disruptions to global oil markets, from Russia’s invasion of Ukraine to the war in…

2 days ago