Meta on Wednesday announced plans to introduce paid subscriptions for its main apps, indicating a significant effort by the tech company to reduce its dependence on advertising revenue.
Naomi Gleit, Meta head of product, announced the move in a video posted to Instagram, saying she was rolling out Facebook Plus, Instagram Plus and WhatsApp Plus globally, with more plans in the works for businesses, creators and artificial intelligence products.
The move comes as Meta faces investor scrutiny over its massive AI spending. The company has projected capital expenditure — mainly for AI data centers — of between $125 billion and $145 billion for the year.
Meta’s stock rose nearly three percent on the news.
According to reports, Instagram Plus and Facebook Plus will cost $3.99 per month, while WhatsApp Plus will cost $2.99 per month.
Instagram Plus and Facebook Plus will unlock extra features including better analytics, story rewatch statistics, wider audience reach and profile customisation options.
WhatsApp Plus focuses on personalisation, including premium stickers, custom ringtones and app themes.
Gleit said the company intends to eventually consolidate its various offerings under a single brand called Meta One.
In 2023, Meta launched ad-free, paid versions of Facebook and Instagram in Europe to comply with EU data privacy legislation, giving users a choice between a free, ad-supported experience and a paid, ad-free one.
AFP