Mark Zuckerberg, the CEO of Meta, revealed on Sunday that Meta Verified was going live, a move that Bernstein analyst Mark Schilsky believes is very similar to Twitter Blue.
Just a few months after Twitter’s verification-based membership service, Twitter Blue, was reintroduced under new owner and CEO Elon Musk, the company has introduced a subscription service for Facebook and Instagram.
In an email to clients this week, Schilsky wrote, Meta verified “sounds awfully like Twitter Blue.”
“I think it’s clear that Mark Zuckerberg idolizes Elon Musk.”
The analyst agrees that it was a wise decision and projects that the new subscription service will bring Meta $360 million in income yearly.
The new product from Meta is similar to the Twitter verification subscription service introduced by Elon Musk.
Business Insider recently reported that other Wall Street analysts have a more upbeat outlook and think that Meta Verified might increase sales by $2 billion annually.
After a SpaceX rocket burst on the launchpad in 2016, damaging a Facebook satellite, Elon Musk and Mark Zuckerberg have been openly attacking one another for years.
Hence, given the relationship between the two tech billionaires, Schilsky’s comment is particularly intriguing.