TECH CRUNCH - Mark Zuckerberg announced that Meta is rolling out Meta Verified on Instagram and Facebook in the U.S. The subscription service, which first launched in Australia and New Zealand last month, allows users to add the coveted blue check mark to their Instagram and Facebook accounts for a monthly fee. Meta Verified costs $11.99 monthly on the web and $14.99 monthly on mobile.
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Meta Launches Paid Verification on Instagram and Facebook in the US
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Facebook's Latest Test Brings Back In-app Messaging
TECH CRUNCH - Facebook head Tom Alison announced that the company is testing the ability for users to access their Messenger inbox within the Facebook app. The messaging capabilities were removed from its mobile web application in 2016 to push people to the Messenger app, in a move that angered many users.
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Meta Launches New Facebook Reels Features, Expands Max Video Length to 90 Secs
TECH CRUNCH - Meta is adding support for longer Facebook Reels of up to 90 secs. The company is also rolling out more creative tools, including a new templates feature that lets users create Reels with trending templates. Facebook Reels is also getting a new "Grooves" feature that automatically aligns and syncs the motion in users' videos to the beat of their favorite song through visual beat technology.
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Here's How Every Social Media Company Is Adopting Subscriptions
TECH CRUNCH - Twitter first introduced its paid subscription, Twitter Blue, in Jun 2021 and relaunch the plan with features like a Blue verification mark and priority in replies. There are ~180K paid accounts in the US and 290K paid accounts worldwide. Meta also announced a premium program for Facebook and Instagram called "Meta Verified” which will be available to users based in Australia and New Zealand. This new plan will get users a Blue tick. Snapchat launched Snapchat+ last Jun in ~20 countries with ~2M paid subscribers now. It can pin someone as their No. 1 friend, priority in replies to Snap Star, and the ability to see "the general direction of travel for where friends have moved recently". Reddit's premium membership program will give users perks like ad-free browsing, custom avatars, and Reddit coins to give awards to posters. While Tumblr's subscription is ad-free browsing.
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Meta Announces Verified Subscription Service for Facebook and Instagram
FORTUNE - Mark Zuckerberg said that Meta is rolling out paid verification for Facebook and Instagram. He explained that the Meta Verified subscription service will have a monthly fee of $11.99 on the web, or $14.99 per month on mobile.
by Steve Mollman
See full article at Fortune
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Facebook Now Has 2B Users
ENGADGET - Facebook is still growing even as Meta has made significant cuts. The social network now has 2B DAUs, Meta reported alongside its Q4 earnings. But while Meta's revenue has shrunk over the last year, the company's $32.2B in revenue for Q4 of 2022 was still slightly better than expected even as it was down 4% from last year.
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Meta Sues Surveillance Firm for Stealing User Data
THE HINDU - Meta has filed legal action against "scraping-for-hire" service Voyager Labs for secretly collecting massive amounts of personal data from users of social networking sites including Facebook and Instagram. Voyager labs created and used ~38K fake Facebook user accounts and its surveillance software to scrape ~600K Facebook users' viewable profile information.
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Meta Agrees to Pay $725M to Settle Privacy Suit
AFP - Meta has agreed to pay $725M to settle a long-running lawsuit that accused the social network of allowing third parties to access users' private data. Facebook has not admitted any wrongdoing as part of the settlement, which still requires approval by a judge in the San Francisco division of the US District Court.
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26% of Gen Z Users 'Chose' TikTok as Their No. 1 Social Media Platform
YAHOO FINANCE - New Consumer asked a poll of 3K Americans about one social media site that they would use if they were trapped on a deserted island. Millennials and older Americans which is 53% of those people, chose Facebook. Gen Z chose TikTok as their number one. 26% chose TikTok, and Instagram after that, and then Facebook third place after that. Besides, New Consumers also asked when it came to the streaming platform. YouTube was number one with 27%. After that, Netflix was number two with 26%.
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Meta Hit With $275M Fine Over Scraped Facebook Data
CNET - Europe's GDPR strikes again after personal Facebook data, including phone numbers, was found on the internet in 2021. Meta has been caught failing to abide by Europe's privacy rules, resulting in the Irish Data Protection Commission slapping the social media giant with a $275M fine.
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TikTok and Facebook Still Running Ads With False Info
FREE MALAYSIA TODAY - A research found that TikTok and Facebook aren't always up to speed when it comes to moderation. The researchers submitted 20 advertisements on Youtube, Facebook and Tiktok, either containing false information about the upcoming US elections or aimed at delegitimizing the electoral process and result. YouTube not only blocked the ads from running, but also suspended the channel carrying them. 2 English and 5 Spanish ads were approved by Facebook. Meta's policy also seems to apply differently in different countries. Meanwhile, TikTok approved almost all of the ads, except for one in each language, both of which indicated that Covid-19 vaccination was required to vote.
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Facebook May Quietly Sack 12K Employees, 15% of Its Workforce
ECONOMIC TIMES - Meta Platforms is carrying out "quiet layoffs" at Facebook to slash 15% of its headcount as global headwinds and falling ad spends pose serious problems for Big Tech firms. This selective restructuring hints at a possible layoff of ~12K employees.
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Meta Will Allow Users to Switch Between Facebook & Instagram Accounts
ECONOMIC TIMES - Meta announced that it is testing new features that will make it easier for people to switch between Facebook and Instagram. The new features will make it easier for users to create, access, and navigate between multiple accounts and profiles on the social networking platform. Meta also informed that the existing security features will still apply to the recently announced updates.
See full article at Economic Times
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Meta Axes Yet Another Flagging Facebook Feature in Apparent Cost-cutting Move
TECH RADAR - Meta recently announced it's shutting down Facebook Neighborhoods. The official Group for Neighborhoods will close on Sept 7 with the official service shutting down on Oct 1. Neighborhoods is similar in function to Facebook Groups but has some unique features like allowing people to create different profiles separate from their main account for their locality.
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Facebook Moves to Settle Cambridge Analytica Lawsuit
TECH CRUNCH - Meta has proposed to settle a long-running privacy class action lawsuit in the Northern District of California related to the Cambridge Analytica scandal. The suit bogged down in legal battles around discovery for 4 years, accuses Facebook of illegally sharing user data with the disgraced UK-based data firm, Cambridge Analytica.
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