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Facebook collapse

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are we witnessing a Facebook collabs soon !

well, since other social media platform are taking over like (Snapchat) and others, and after this news is revealed, lets watch and see what will be the future value of FB:

Meta CEO Mark Zuckerberg announced a new paid subscription service for Facebook and Instagram on Sunday, granting users a hallowed blue check for a monthly fee.

Meta Verified will cost $11.99 a month on web and $14.99 a month on iOS. It's launching in Australia and New Zealand this week ahead of a wider rollout.

The subscription "lets you verify your account with a government ID, get a blue badge, get extra impersonation protection against accounts claiming to be you, and get direct access to customer support," Zuckerberg said. The Facebook founder noted that providing direct access to customer support will cost "a significant amount of money," which will be made up for with subscription revenue.

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The new option comes after Twitter launched a revamped version of its own paid service, Twitter Blue, which allows users to get a verified profile and other benefits.

Elon Musk rolled out Twitter Blue soon after closing his $44 billion deal to purchase the company last year. He said at the time that Twitter was seeing a "massive drop in revenue" due to an exodus of advertisers from the platform.

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