Skip to main content

Meta launch subscriptions.

 Meta will launch a sub­scrip­tion ser­vice that allows Face­book and Ins­tagram users to verify accounts

Meta

for up to $14.99 a month, chief Mark Zuck­er­berg said.—Meta will launch a paid sub­scrip­tion ser­vice that allows Face­book and Ins­tagram users to verify accounts for up to $14.99 a month, chief exec­ut­ive Mark Zuck­er­berg announced yes­ter­day.

The new fea­ture, called Meta Veri­fied, lets users «get a blue badge, get extra imper­son­a­tion pro­tec­tion against accounts claim­ing to be you, and get dir­ect access to cus­tomer sup­port», accord­ing to a Face­book post by Zuck­er­berg.

Meta rev­en­ues have been hammered by pri­vacy changes made by Apple in 2021 that restric­ted its abil­ity to track users’ inter­net activ­ity, a key source of data for tar­geted ads.

Meta said last Feb­ru­ary that the Apple change would cost it more than $10bn in lost advert­ising income for 2022, around 8 per cent of its total rev­enue in 2021.

Anshu Sharma, founder of data pri­vacy com­pany Sky­flow, said the sub­scrip­tion model was the latest sig­nal that social media users’ «devil’s bar­gain of exchan­ging our data pri­vacy for free apps» was com­ing to an end.

Meta’s new sub­scrip­tion ser­vice is sim­ilar to a plan by Elon Musk to launch Twit­ter Blue, which would allow users to verify their Twit­ter pro­files for around $8 a month since he bought the plat­form for $44bn last year. The full rol­lout of Twit­ter Blue, which first launched in Novem­ber, was post­poned after it was abused by accounts that imper­son­ated com­pan­ies and celebrit­ies.

Zuck­er­berg said Meta Veri­fied would allow users to verify their accounts with a gov­ern­ment ID.

www.sba.tax

Labels:

Comments

  1. Alma20 February 2023 at 10:22

    Having to pay $15 just to have a blue badge will not go well with users. I think we will see a major backlash towards these decisions. Mark is making all sorts of mistakes lately.

    ReplyDelete
    Replies
    1. Andy20 February 2023 at 11:01

      And what about access to support? I mean it's not like that should have been free or anything. Facebook keeps trying to take, take, take without giving much in return.

      Delete
  2. Jamie20 February 2023 at 12:50

    Meta is hemorrhaging money from their Metaverse (another brilliant thing from Zuckenberg) and now they are trying to get some of that money back by offering these awesome blue badges. Who wouldn’t want one, no?

    ReplyDelete

Post a Comment

Cloud Bookkeeping

US FED rate rise.

  The US Federal Reserve officials have indicated that they plan to resume increasing interest rates to control inflation in the world's biggest economy. During the June meeting, the Federal Open Market Committee reached a consensus to keep interest rates stable for the time being to evaluate whether further tightening of policy would be necessary. However, the majority of the committee anticipates that additional rate increases will be required in the future. The minutes of the meeting have recently been made public. According to the minutes, most participants believed maintaining the federal funds rate at 5 to 5.25 per cent was appropriate or acceptable, despite some individuals wanting to raise the acceleration due to slow progress in cooling inflation. Although Fed forecasts predicted a mild recession starting later in the year, policymakers faced challenges in interpreting data that showed a tight job market and only slight improvements in inflation. Additionally, officials gr...
Post a Comment
Read more

EU business slide.

  S&P Global’s flash eurozone composite purchasing managers’ index, a key gauge of business conditions for the manufacturing and services sector, fell 1 point to 47.1, figures showed yesterday. That is its lowest level since November 2020 and the fourth consecutive month below the crucial 50 mark separating growth from contraction. One of the few bright spots in the survey was that companies in all sectors reported a slight easing of cost pressures, price growth and supply chain constraints. However, prices charged for goods and services still rose at the sixth fastest rate since such data started in 2002. Jobs growth increased marginally from October but remained low compared with the past 18 months. Following a few months of falling price pressure in manufacturing and services, the October print shows an overall stabilisation said Jens Eisenschmidt, chief European economist at Morgan Stanley. However, German businesses, at the hub of Europe’s energy crisis, reported that manu...
1 comment
Read more

Tariffs on UK electric cars.

  The European Commission has confirmed that it will continue with its plan to impose tariffs on electric cars exported between the UK and EU starting next year. This is due to the "rules of origin" requirement that mandates EVs traded across the English Channel to have 60% of their battery and 45% of their parts sourced from the EU or UK or face a 10% tariff. A senior Commission official, Richard Szostak, recently informed parliamentarians from the UK and EU that the bloc's battery investment has significantly declined, making the tariffs necessary to encourage domestic production. In 2022, the EU's share of global investment in battery production shrank from 41% to only 2% after the US offered substantial subsidies through its Inflation Reduction Act. Starting in 2024, car manufacturers in the UK will need to have 22% of their sales come from zero-emission vehicles, which means they may need to import EVs from the continent to meet this requirement. If EU carmakers ...
Post a Comment
Read more