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Facebook-owner Meta unveils new paid subscription service

By Scott Kanowsky

Investing.com -- Meta Platforms (NASDAQ:META) has announced a new paid subscription service on its Facebook and Instagram platforms.

Dubbed Meta Verified, the feature lets users "get a blue badge," "extra impersonation protection," and "direct access to customer support," chief executive officer Mark Zuckerberg wrote in a Facebook post on Sunday.

Web users will need to pay $11.99 a month for the service, while customers using Apple's (NASDAQ:AAPL) iPhone will face costs of $14.99 a month. Zuckerberg said it will first be available in Australia and New Zealand this week, with more countries to follow soon.

"This new feature is about increasing authenticity and security across our services," Zuckerberg added.

The move follows a similar decision by Elon Musk's Twitter, which introduced the Twitter Blue subscription service last November. The rollout was delayed after several accounts took advantage of the service to impersonate large corporations or celebrities.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.