Gather around people because things are about to get bumpy! Tech billionaire Mark Zuckerberg has just announced that his social media sites FaceBook and Instagram are about to start charging business users just 2 days after his rival Elon Musk announced plans for his platform X to do exactly the same thing.
The Meta CEO announced the company would charge up to Sh.5,000 for both Instagram and Facebook verification for businesses in order for them to acquire premium verification for business accounts. Once this is implemented, monthly budgets are about to get a little bit tight for people given the economic times we are in.
Earlier this year, the company unveiled Meta Verified for creators for Sh.1,768 monthly, verified users after paying get to enjoy features like priority customer support and impersonation protection.
The tech company is now extending the feature to businesses on their platform that can pay for verification on Facebook or Instagram for Sh.3,242 monthly or Sh.5,157 for both, the Verge reported. Meta will commence piloting on Instagram and Facebook in the coming weeks, with plans to move the subscription fee to WhatsApp business later.
The news comes in just 2 days after X founder Elon Musk announced plans for the social media platform to start charging its users a monthly subscription fee.
The Tesla CEO confirmed that his app has 550 million monthly users as of now who generate 100 million to 200 million posts per day while telling the Israeli Prime Minister, “We'll be moving to having a small, monthly payment for use of the X system in order to combat vast armies of bots.”
Musk, however, did not provide specific information about how much the monthly fee would cost users or what additional features would be included in the subscription at the lowest tier.
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