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On August 25th, Iranian Economy and Finance Minister Madanizadeh stated on the evening of the 24th local time that the Iranian government has long been planning to counter US sanctions and is fully prepared to respond to new sanctions. He stated that the worlds financial and economic lifelines are not so simple, and the US cannot "completely sever Irans financial and trade ties." Madanizadeh said that if the US dares to take any action, it should expect a retaliation from Iran. On the afternoon of the 24th Eastern Time, US Treasury Secretary Bessenter held a press conference, announcing several economic sanctions against Iran to further increase pressure on the country. Bessenter stated that the US is launching an economic offensive against Irans global financial network, aiming to cut off all of Irans economic lifelines. The sanctions cover areas such as digital assets, technology, gold, aviation, and shipping.According to Iranian media outlet Fars News, Irans Minister of Economy stated that the current depreciation of the Iranian currency stems from tensions in the media environment. We are working to restore the foreign exchange market to normalcy.U.S. Defense Secretary Hergsays: Iran’s kinetic strikes have not been suspended, and we will act decisively if necessary.U.S. Defense Secretary Hergsays: Iran still has some capabilities, but its only option is to return to the negotiating table.U.S. Defense Secretary Hergsays: Oil shipments through the Strait of Hormuz are unimpeded.

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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