Meta to test monthly subscription service priced at $11.99 By Reuters

*META TO TEST NEW PAID 'VERIFIED' ACCOUNTS ON FACEBOOK, INSTAGRAM PRICED AT $11.99 PER MONTH - $META

Meta Verified will be rolled out in Australia and New Zealand this week, with gradual launches in other countries to follow.

Meta's foray into subscription services follows Twitter, which announced last month that Twitter Blue will be priced at $11 per month. The social media giant's CEO Mark Zuckerberg has earlier said it was planning to launch several new products that would"empower creators to be way more productive and creative," while cautioning about the cost associated with supporting the technology for a large user base.

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