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META PLATFORMS, INC.

(META)
  Report
Real-time Estimate Cboe BZX  -  07:59:51 2023-03-21 pm EDT
203.67 USD   +0.74%
03:45pZuckerberg, Meta are sued for failing to address sex trafficking, child exploitation
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03:35pMexican border state searching for two missing American minors
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02:03pKenyan judge temporarily blocks mass layoff of Facebook moderators
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Meta launches subscription service in US

03/17/2023 | 12:07pm EDT
FILE PHOTO: Meta Platforms Inc's logo is seen on a smartphone in this illustration picture

(Reuters) - Meta Platforms Inc on Friday launched its subscription service in the U.S., which would allow Facebook and Instagram users pay for verification in the same vein as Elon Musk-owned Twitter.

The Meta Verified service will give users a blue badge after they verify their accounts using a government ID and will cost $11.99 per month on the web or $14.99 a month on Apple's iOS system and Google-owned Android, Meta said in a statement.

The service, which Meta said it was testing in February, follows in the footsteps of Snap Inc-owned Snapchat as well as messaging app Telegram and marks the latest effort by a social media company to diversify its revenue away from advertising.

After a $44 billion buyout by Musk last year, Twitter had rolled out its Blue subscription service which lets people pay for the blue check mark previously limited to verified accounts of politicians, journalists and other public figures.

The initial launch of Twitter Blue in November had led to a surge in users impersonating celebrities and brands on the platform, which prompted the company to halt the service and reintroduce it with different colored checks for individuals, companies and governments.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.66% 104.92 Delayed Quote.18.92%
APPLE INC. 1.19% 159.28 Delayed Quote.22.59%
META PLATFORMS, INC. 2.20% 202.16 Delayed Quote.67.99%
SNAP INC. 6.75% 11.38 Delayed Quote.27.15%
All news about META PLATFORMS, INC.
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Financials (USD)
Sales 2023 122 B - -
Net income 2023 25 687 M - -
Net cash 2023 26 530 M - -
P/E ratio 2023 20,3x
Yield 2023 -
Capitalization 524 B 524 B -
EV / Sales 2023 4,07x
EV / Sales 2024 3,56x
Nbr of Employees 86 482
Free-Float 85,0%
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Technical analysis trends META PLATFORMS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 57
Last Close Price 197,81 $
Average target price 220,02 $
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Susan J. Li Chief Financial Officer
Atish Banerjea Chief Information Officer
Andrew Bosworth Chief Technology Officer
Javier Olivan Chief Operating Officer
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