OPINION: Meta, Twitter Are Ruining Social Media As We Knew It. Why Should You 'Pay' For It?
ABP NewsMeta, the parent company of social media giants Facebook and Instagram, has decided to take a leaf out of Twitter CEO Elon Musk’s book and has announced a new service called ‘Meta Verified’. Musk himself summed up the entire Meta-following-Twitter scenario perfectly in just one word: “Inevitable.” Inevitable — Elon Musk February 19, 2023 Where Meta Trumped Twitter Now, as Twitter decided to monetise its blue ticks, it also announced that accounts that were already verified would lose their badges if they decided not to pay. When detailing the “more protection from impersonation” aspect, Meta said that verified accounts will get access to “proactive account monitoring for impersonators who might target people with growing online audiences.” Call me a romantic, but I’d expect my account to be secure from any bad actor — and to have access to help when I need it — when I sign up for any social media platform. Musk said this was done because Twitter was getting “spammed by phone companies” for $60 million per year of “fake 2FA SMS messages.” Twitter is getting scammed by phone companies for $60M/year of fake 2FA SMS messages — Elon Musk February 18, 2023 Ever since the Covid bubble burst for tech firms, and due to added macroeconomic woes led by inflation and the ongoing Russia-Ukraine war, companies are leaving no stone unturned to cut costs.