{"id":131488,"date":"2023-02-28T03:36:58","date_gmt":"2023-02-28T03:36:58","guid":{"rendered":"https:\/\/fin2me.com\/?p=131488"},"modified":"2023-02-28T03:36:58","modified_gmt":"2023-02-28T03:36:58","slug":"meta-verified-subscription-service-to-be-launched-in-australia-new-zealand","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/meta-verified-subscription-service-to-be-launched-in-australia-new-zealand\/","title":{"rendered":"Meta Verified Subscription Service To Be Launched In Australia, New Zealand"},"content":{"rendered":"
Facebook and Instagram parent Meta Platforms Inc. plans to unveil a new subscription service, Meta Verified, as part of its efforts to increase authenticity and security across services.<\/p>\n
Chief Executive Officer Mark Zuckerberg in a Facebook post on Monday said the company plans to roll out the service in Australia and New Zealand this week and more countries soon.<\/p>\n
According to him, Meta Verified “lets you verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be you, and get direct access to customer support.”<\/p>\n
Meta Verified starts at $11.99\/month on web or $14.99\/month on iOS.<\/p>\n
The move is part of its efforts to find more revenue sources as it struggles to keep up its profit and revenues, which declined 55 percent and 4 percent in the fourth quarter from last year, respectively.<\/p>\n
Aiming to cut costs and realign its business<\/span>, the company recently announced several measures, including a layoff of around 11,000 employees, and a facilities consolidation strategy to sublease, early terminate, or abandon several office buildings under operating leases. The company also cancelled multiple data center projects.<\/p>\n Meta’s new paid-verification subscription service is similar to the one recently announced by another social media major Twitter, owned by Elon Musk.<\/p>\n Twitter last December had relaunched its paid premium subscription service “Twitter Blue” for Business, after holding a while for updating and verification of fake accounts. Twitter Blue was then available for $8\/month on the web or $11\/month on iOS <\/p>\n Twitter also offers grey checkmark for government institutions, officials, and multilateral organizations. <\/p>\n