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If you want a blue verification badge on Facebook and Instagram you can now pay Meta up to $15 a month to get one.

The company shared restructuring plans as part of its 'Year of Efficiency' which includes additional layoffs and reduced hiring rates.

The platform would be a standalone app and is reportedly being led by Instagram head Adam Mosseri.

Pages allegedly discovered in Meta's Oculus apps suggest there may be some kind of subscription service in the works for Quest HMDs.

Even after a mass layoff late in 2022, thousands of further jobs at the Meta company may be on the line this week as the company continues to cut costs.

Meta claims the goal of the price drops on its Quest 2 and Quest Pro headsets is to 'create hardware that's affordable for as many people as possible.'

Meta expects Reality Labs to keep losing money, but sees long-term benefits.

Mark Zuckerberg revealed that while Reels is a popular feature, the company needs to improve its 'monetization efficiency' to better capitalize on its popularity.

In its Q4 earnings report, Facebook announced an increase to its share buyback program.

In addition to losing money, Reality Labs employees were among those affected by layoffs during Q4 2022.