Meta-platforms like Twitter, Facebook, and Instagram, among others, are now selling subscriptions like hot cakes
Published Date – Wed Jun 28 23 01:00 AM
The trend of service monetization in tech has continued over the past few months. Meta-platforms like Twitter, Facebook, and Instagram, among others, are now selling subscriptions like hot cakes.
Not only do subscribers get fancy verification tokens, they also get better features. While that’s where the industry has long been headed, the dramatic shift across all platforms has come as a shock to some.
Snapchat, a platform primarily used by younger users, has also embraced this subscription trend.
If social media platforms are monetizing now, the latest artificial intelligence and related platforms are already making money from the get-go. It also makes sense to charge users for the experience, given the money invested in its development.
Meta also recently launched a virtual reality (VR) subscription service that lets users play two new games a month. Before that, the company’s VR division lost $4 billion. It’s part of the Metaverse, the famous dream project of Meta CEO Mark Zuckerberg.
ChatGPT, Bard and all major AI tools also offer users premium subscriptions.
While most of these platforms continue to offer free versions, the question is, how long before it’s no longer free? If this happens, what are the consequences?
Google asks SC to revoke Android antitrust order
Google has reportedly urged India’s Supreme Court to revoke an antitrust order targeting its abuse of the country’s Android market.
In October, the Competition Commission of India (CCI) said that 97% of India’s smartphones run on the Android mobile operating system, and Google capitalized on its dominance.
The commission then ordered Google to lift restrictions imposed on the device maker and fined the US company $163 million. They also warn against Google’s mandatory pre-installation of apps.
Although the company paid the fine, an Indian court granted partial relief to Google parent Alphabet Inc in March, revoking four of the 10 orders in the case.
They are now asking the Supreme Court to quash the remaining orders as well, according to new reports on Tuesday.
What’s new in WhatsApp Business
The WhatsApp Business app, a revamped version of WhatsApp for small business owners, recently rolled out new features.
The updated WhatsApp Business, available on Android and iOS platforms, now allows users to create ads within the app. This will help them find and connect with new customers on other Meta platforms like Facebook, WhatsApp and Instagram.
The app also introduces a new premium messaging feature. This feature provides businesses with the option to send paid messages to users within the app to effectively attract more customers. Alternatively, these messages can also be scheduled.
LinkedIn’s latest AI feature makes posting easy
With the rise of artificial intelligence, people on the web can get help with every task. Now, LinkedIn has rolled out its latest feature that allows members to create AI-generated posts by providing a 30-word prompt. The professional networking platform, which is owned by Microsoft, says this will save time and effort in producing content.
