Meta is building "potential paid services" for Facebook, Instagram, and WhatsApp, according to an internal letter acquired by The Verge.
Meta's new subsidiary will create paid services for its three billion-user social applications
Meta's VP of monetization, John Hegeman, told The Verge the firm is devoted to developing its advertisements business and has no plans to allow customers pay to turn off ads in its applications.
We see potential to develop new sorts of goods, services, and experiences,” he added. He wouldn't discuss possible premium features.
Meta's income comes nearly exclusively from adverts, but the social media behemoth hasn't made charging users a priority until recently
Long-term, Meta anticipates premium features becoming increasingly important, he added. I believe it can make a big impact in five years.