so instead of just blocking bot accounts, which could be done easily and was a result of their inability to control account creation, they have decided to capitalize on the opportunity and charge people $12-$15 per month to verify their account profile so they won't get confused with a random bot... Not only do they already collect a ton of revenue from targeting ads for businesses to the users, they want to charge the users monthly subscription fees in addition.

Sounds like it's time for a new free social platform that isn't about charging subscription fees.

I think the reality is that only businesses, celebrities, and people who don't treat money as oxygen (like the rest of us do), will be the only people paying for this verified tick.