The news: Meta is expanding the test of its paid verification feature, Meta Verified, to the US.
The catch: As part of the expansion, Meta has removed increased reach and visibility as a subscriber perk. Meta said the decision was based on feedback and learnings from early testing of the feature, which launched in Australia and New Zealand last month.
A verified badge might not be enough: True, the blue check mark has become a status symbol on Instagram. But as the meager signups for Twitter Blue have shown, clout alone isn’t sufficient to move the needle for most social users.
Yes, but: Meta Verified is geared primarily toward creators, rather than ordinary users. And the potential for reach on Facebook and Instagram, which have a combined and unduplicated US monthly user base of 202.8 million, is already massive. Plus, impersonation protection will be key, given the botched initial rollout of the revamped Twitter Blue, which led to a host of brand and celebrity impersonations on the platform.
Our take: Nearly every social platform, including Snapchat, is experimenting with subscriptions, and Meta isn’t one to get left behind. Unlike Twitter, Meta isn’t trying to overhaul its monetization model, and any revenues it generates from Meta Verified would just be nice padding on its ad business. Meta Verified is also closer to providing real value for subscribers than Twitter Blue— with less controversy—and at under $150 per year, it may be worth it for creators looking to build their brands and audiences on Instagram.
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