Meta CEO Mark Zuckerberg announced on Sunday that the company will begin testing a new paid subscription service on its platforms amid sluggish revenue growth.
In this Jan. 31, 2022, file photo, signage is shown in front of Meta Platforms headquarters in Menlo Park, Calif.Meta, the parent company of Facebook and Instagram, announced a new paid subscription for its platforms on Sunday, which, among other features, would allow users to pay for a verified account.
The news comes as social media companies seek to cut costs and increase revenue, with several others, such as Telegram, Snapchat and Twitter, launching their own services with varying features.- 13% of its workforce - in November to become "a leaner and more efficient company," Zuckerberg said.
It was relaunched a few weeks later, with Twitter ultimately preventing users from changing aspects of their profile or face losing their verification checks to stamp out impersonators. Twitter Blue does not require users to submit a government ID to become verified.
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