What is Mark Zuckerberg’s new subscription service, “Meta Verified,” for Facebook and Instagram users?

Mark Zuckerberg is taking a page out of Elon Musk’s playbook and is now launching a paid service for all of Meta Platforms Inc products. This move comes out as the company is in financial problems, where they had to restructure debt and have a hiring freeze because the financial provisions were not what the experts expected.

Wall Street rallied behind Meta when they announced their debt restructuring of $4.5 billion. The stock had fallen 62% last year, and it closed with a surge of 27% on this last quarter. Investors are not so sure about the viability of Meta Platforms Inc products and are not entirely sold on this rise. The stock could be going up because of the cutbacks but not because of the services provided. Unsurprisingly, the company now tries to create a new form of revenue.

What is Meta Verified offering with their subscription offer? How much is it?

The new service will have a verification badge for account visibility, reach, account security, and direct support. These new features are mostly for content creators.

Moreover, the new subscription service will cost $11.99 monthly and $14.99 through the IOS app.

Coming to an Instagram and Facebook near you

Mark Zuckerberg announced these new features on his social media platforms. Letting everyone know that all of this will be available for all Instagram and Facebook users.

Elon Musk’s Twitter was the first social media channel to offer these kinds of services to paid members. A move heavily criticized by users but one that has proven to be very successful for the company,