Meta launches subscription service for Facebook and Instagram

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Meta launches subscription service for Facebook and Instagram
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Facebook parent company Meta Platforms Inc. is launching a subscription service called Meta Verified that will include a handful of additional perks and features, including account verification bad…

By Kurt Wagner | Bloomberg

The new subscription will cost $11.99 per month — $14.99 if purchased through the iOS app — and is primarily targeted toward content creators. In addition to a verification badge, the subscription includes “proactive account protection, access to account support, and increased visibility and reach,” a Meta spokesperson said in an email.

Subscription offerings have become popular for social networking companies in recent years as a way to diversify their businesses, which are heavily reliant on advertising. Snap Inc. has an offering called Snapchat Plus, and Twitter Inc. is also pushing a subscription offering right now, with account verification being a major selling point.

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