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
In this photo illustration, the American online social media, social networking service, and virtual metaverse company formally known as Facebook , Meta Platforms logo is seen displayed on a smartphone with an economic stock exchange index graph in the background.February 19, 2023 1:13 PM ESTloomberg — .
in the past week. The option will be available on both Facebook and Instagram, but they’ll be separate subscriptions. Meta makes almost all of its revenue from advertising, but that business can be inconsistent and severely affected by the broader economy. Meta’s business was hit hard at the beginning of the pandemic, for instance, and again last year during the war in Europe and the rise of inflation. Subscriptions offer a more consistent revenue stream.
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