Meta is rolling out paid subscription plans for Instagram, Facebook, and WhatsApp worldwide, while also testing new AI, creator, and business-focused offerings under its broader “Meta One” subscription brand.
Meta needs the money - it’s burning through it building data centres, spending on Claude AI tokens and severence packages as it desperately tries to become an AI company.
It’s core business of social media is stagnant, and arguably in decline - TikTok remains in the ascendency, and Meta hasn’t innovated in many years (it bought Instagram and is currently desperately copying TikTok to try to keep up). Meta is a growth stock that isn’t growing, so it’s throwing literal billions at trying to become an AI company. After failing to become a VR company - remember the metaverse anyone?
This will not end well; subscription services are just part of enshittification as it tries to squeeze more money out of it’s core products that are already squeezed dry. This is it’s idea of “growth”.
Meta needs the money - it’s burning through it building data centres, spending on Claude AI tokens and severence packages as it desperately tries to become an AI company.
It’s core business of social media is stagnant, and arguably in decline - TikTok remains in the ascendency, and Meta hasn’t innovated in many years (it bought Instagram and is currently desperately copying TikTok to try to keep up). Meta is a growth stock that isn’t growing, so it’s throwing literal billions at trying to become an AI company. After failing to become a VR company - remember the metaverse anyone?
This will not end well; subscription services are just part of enshittification as it tries to squeeze more money out of it’s core products that are already squeezed dry. This is it’s idea of “growth”.
I heard there was a yacht. Surely it can be sold for big bucks to some other
oligarchrich CEO?