Home Awareness Meta’s New Paid Subscription Struggles To Convince The Tech World

Meta’s New Paid Subscription Struggles To Convince The Tech World

(FILES) This file illustration photo taken on January 12, 2023 in Toulouse, southwestern France, shows a smartphone and a computer screen displaying the logos of Instagram app and its parent company Meta. - Facebook and Instagram owner Meta will launch a paid subscription service allowing users to verify their accounts, among other features, CEO Mark Zuckerberg said on February 19, 2023. (Photo by Lionel BONAVENTURE / AFP)

Mocked, accused of copying Twitter or of having been launched in a hurry: the new paid subscription service announced by Meta for Facebook and Instagram is arousing rather lukewarm reactions from experts and Internet users.

Called Meta Verified, this new service offers subscribers a blue verification badge, direct access to the company’s customer service, greater visibility and additional protection against data theft. ‘identify.

For several Wall Street analysts, this subscription will not be able to generate short-term revenue equivalent to the colossal sums drawn from advertising revenue.

“We don’t expect the new account verification service to exceed 1-2% of total revenue over the next 18 months,” CFRA’s Angelo Zino predicted.

Mr. Zino, however, insists on the need for Meta to diversify its sources of income at a time when inflation is weighing on advertisers’ expenses and when the group of Mark Zuckerberg faces fierce competition in the online advertising market.

Before Meta, Twitter has already launched its paid verification offer, which gives access to its famous blue tick, but also to better promotion of posts, fewer ads and the possibility of posting longer tweets.

This service, which had a chaotic start, has been one of Elon Musk’s top strategic priorities since his $44 billion takeover from the Twitter network.

Several Internet users have also suspected Mark Zuckerberg of plagiarizing the multi-billionaire boss of Tesla by hastily launching Meta Verified.

“Inevitable,” Musk replied to a tweet making the accusation.

“Risky” Bet

For Dan Ives of Wedbush Securities, launching a paid subscription is a “risky” bet for Meta.

“There could be a backlash from consumers who will never want to pay a dime for Facebook or Instagram and this move could drive them out,” he said.

Especially since the price could be prohibitive for some: 11.99 dollars per month for the web offer and 14.99 dollars via devices equipped with the operating system of Apple or Google, which take a commission on the purchases made in their app stores.

“For most Meta users, whether on Facebook or Instagram, this new offering is likely to be met with a shrug of indifference,” said Susannah Streeter of Hargreaves Lansdown.

The analyst, however, thinks that small businesses and high-profile personalities may be tempted to pay to protect themselves from hacks or to obtain more visibility.

Numeric Fraction

There was also a lot of reaction to making increased protection against identity theft a charge.

“Security devices should NOT be put up for sale,” cybersecurity specialist Kavya Pearlman tweeted, saying this would create a digital divide between the wealthy and the less fortunate.

Ms. Pearlman pleads for the bosses of the tech giants to fight more against scammers and spend less time charging their customers whose personal data they already exploit.

Even more bluntly, the Real Facebook Oversight Board, an anti-Meta activist group, claimed on its Twitter account that “Facebook now wants [users to fund] the harmful model that powers all of its business.”

This article is originally published on arabnews.fr

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