Connect with us

    Hi, what are you looking for?

    Tech

    Meta Introduces $12 Monthly Payment for Facebook, Instagram Users

    Meta

    Meta, parent company of Facebook and Instagram has launched a paid subscription service starting at $11.99 a month allowing users to verify their accounts, CEO Mark Zuckerberg announced Sunday, following a similar move by Elon Musk at Twitter.

    Meta Verified, which will roll out first in Australia and New Zealand this week, will let users “verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be you, and get direct access to customer support,” Zuckerberg said.

    “This new feature is about increasing authenticity and security across our services,” he wrote in a statement posted to his Facebook account.

    There would be no changes to accounts on Facebook and Instagram that are already verified, the company said, adding that only users who are over the age of 18 will be allowed to subscribe. The service is not yet available to businesses.

    Musk’s initial attempts to launch a similar service at rival social media network Twitter last year backfired wildly with an embarrassing spate of fake accounts that scared advertisers and cast doubt on the site’s future.

    He was forced to briefly suspend the effort before relaunching it to muted reception in December.

    Meta’s announcement comes as the social media behemoth grappled with financial difficulties over the past year, announcing in November that it would lay off 11,000 employees or 13 percent of its staff — the largest worker reduction in the company’s history.

    The layoffs are part of a wave of redundancies announced by Silicon Valley giants in recent months, as the once unassailable sector faces economic gloom.

    Meta is also under pressure for making a huge gamble on the metaverse, the world of virtual reality that Zuckerberg believes will be the next frontier online.

    Investors last year punished Meta, sending the company’s share price down by an astonishing two-thirds over 12 months, but the stock has recovered some of the ground in 2023.
    Zuckerberg has remained optimistic about Meta’s future.

    Earlier this month the company reported its first annual sales drop since it went public in 2012, but the fall was less brutal than expected.

    The company also recently announced that the number of daily users on Facebook hit two billion for the first time.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You May Also Like

    News

    Nigeria Civil Aviation Authority (NCAA) has dismissed recent claims by Senator Orji Uzor Kalu alleging lapses in pilot preparation, substance abuse among flight crews,...

    Tech

    OpenAI Chief Executive Officer, Sam Altman, has announced a major policy shift for the company’s flagship chatbot, ChatGPT, revealing plans to relax content restrictions...

    News

    Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has called for the regulation of social media in Nigeria, warning that its unrestrained use poses a...

    News

    The Senate has confirmed Professor Joash Amupitan as the new Chairman of the Independent National Electoral Commission (INEC) following a voice vote by lawmakers...