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 badges for those who pay.
Bloomberg reports 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.
It’s unclear, though, if users want to pay for services that have always been free. Twitter’s subscription offering has been slow to take off. Perhaps the most valuable aspect of Meta’s subscription package will be “increased visibility.” Standing out on Facebook or Instagram is more difficult these days, even among a user’s own followers. The company has started to push users toward more content they may be interested in, not necessarily content from people they follow.
Meta is testing the subscription product first in Australia and New Zealand, starting later this week.
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