Facebook Will No Longer Be Free, WHAT??! 😵
😵 Facebook $Meta Platforms(META.US$ has announced the rollout of paid subscriptions to get an additional stream of revenue.
On Sunday, Mark Zuckerberg, announced the introduction of a new service called "Meta Verified." The service, which starts at US$11.99 (S$16) per month, is designed to verify one's account through the submission of a government ID, similar to a move made by Elon Musk on Twitter.
Once verified, subscribers will receive a badge indicating the authentication of their account, along with enhanced protection against impersonation, direct access to customer support, and increased visibility on the platforms. According to Facebook, the service is mainly targeted toward content creators seeking to expand their reach and may undergo modifications following a trial period.
Currently, advertising contributes over 98% of the company’s revenue. Such a move is seen to be Meta’s effort to increase its revenue stream.
However, the price tag of US$11.99 (S$16) per month is not cheap. Based on the current proposal, it may not be attractive for content creators to start paying for it. 🤔🤔 Will you pay Facebook to get verified?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Follow My Telegram & YouTube For More Investing tips: Arigatoinvestor
553Followers
1Following
1956Visitors
Follow
MonkeyGee : good luck with pay subscription. why would anyone want to pay to see all the BS life of others? people are fake face to face online they are even worst! what a sad generation. LOL.
blueberry89 : Lol
to protect you from ppl /scammers , that are trying to be you lol . Shouldn’t they be doing that for freeee . All I know is I’ll buy some puts to see if this drops be low $100 
.