The Musk effect: Meta testing Facebook and Instagram subscription service for £10 a month
Meta is testing a new subscription service that would let Facebook and Instagram users pay for a verified account – taking a page out of Elon Musk and Twitter’s book.
Meta CEO Mark Zuckerberg announced Meta Verified on his social media accounts on Sunday.
Testing will begin in New Zealand and Australia this week and will roll out to other countries soon, he said.
For 11.99 dollars per month (£10) on the web or 14.99 dollars (£12.50) per month on Apple and Android operating systems, Meta will use a government identification to verify a user’s account and give it a blue badge.
Previously, Meta’s blue badges were free and reserved for notable public figures or businesses.
Subscribers will also get extra protection against account impersonation and direct access to customer support, Meta said.
Meta said public figures and others who were previously verified will not be affected by the change. Meta Verified is aimed at influencers and others who use social media for their business but are not notable public figures.
Meta is taking a page from Twitter’s playbook in launching a subscription service, following the takeover by Elon Musk.
Late last year, Twitter began charging users 8 dollars (£6.65) per month for Twitter Blue, which verifies their account with a blue tick.
On Saturday, Twitter, owned by Elon Musk, took the service a step further, announcing that Twitter users would lose their ability to secure their accounts with two-factor authentication unless they pay the 8-dollar monthly Twitter Blue subscription.
Social media companies have been trying to find new revenue sources as online advertising slows.
Earlier this month, Meta announced its third consecutive quarter of revenue decline despite an increase in users. Meta announced it was laying off 11,000 workers, or 13% of its workforce, in November.
Press Association – Dee-ann Durbin