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On August 7th, it was reported that on August 6th local time, a New Mexico court ruled that Meta, the parent company of Instagram and Facebook, must pay $567 million to address the impact of its platforms on teenagers. Judge Brian Biedhid stated that $420 million of the funds will be used for adolescent rehabilitation services, with the remainder allocated over the next five years for advocacy, prevention, screening services, and other related expenses.The yield on Japans 20-year government bonds rose 2.0 basis points to 3.660%.According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Friday morning, following gains in external markets. International crude oil futures rose on Thursday as a committee in the Iranian parliament was considering a draft bill to ban US and Israeli ships from the Strait of Hormuz, which is expected to boost Malaysian crude palm oil futures in early trading. Brent crude futures rose further during electronic trading on Friday morning. Strong Malaysian palm oil exports and the potential threat of a strong El Niño phenomenon to palm oil production in Southeast Asia will also provide strong support for the palm oil market. Shipping surveyors estimate that Malaysian palm oil exports in July increased by 12.1% to 19.5% month-on-month. However, a stronger ringgit and potential increases in Malaysian palm oil inventories will limit the markets upward momentum. The Malaysian Palm Oil Board (MPOB) will release monthly data on August 10. A survey indicates that Malaysian palm oil exports in July will surge by 14.8% month-on-month, production will increase by 7.4%, and inventories will rise to a five-month high.Japans foreign exchange reserves stood at $1,287.1 billion in July, compared with $1,287.5 billion in the previous month.Japans Ministry of Finance: It conducted three currency intervention actions in April and May, buying yen.

Meta Will Evaluate A Monthly Subscription Service For $11.99

Haiden Holmes

Feb 20, 2023 14:39

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Meta Platforms revealed on Sunday that it is piloting a monthly subscription service called Meta Confirmed, which will allow users to verify their accounts with a government-issued ID and receive a blue badge, in an effort to assist content creators in expanding and building communities.


The subscription bundle for Instagram and Facebook (NASDAQ:META), which will be released later this week, will offer further security against impersonation and start at $11.99 per month on the web or $14.99 per month on Apple's iOS and Android.


This week, Meta Verified will launch in Australia and New Zealand, followed by progressive launches in other nations.


Meta's entry into the subscription services market follows Twitter's announcement last month that Twitter Blue will cost $11 per month.


Mark Zuckerberg, CEO of the social media behemoth, stated previously that the company planned to offer a number of new products that would "empower artists to be far more productive and creative," but cautioned about the cost of supporting the technology for a huge user base.


Several social media apps, like Snapchat from Snap Inc (NYSE:SNAP) and the messaging app Telegram, debuted paid membership services as a new revenue stream in 2017.

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