Meta says can cut monthly Facebook, Instagram fee to €5.99
March 19 2024 - 6:51AM
IH Market News
Meta Platforms Inc. (NASDAQ:META) stated on Tuesday during a
hearing at the European Commission that it is willing to drop the
price of monthly subscription fee for its social media platforms
Facebook and Instagram to €5.99.
“We have wanted to accelerate that process for some time because
we need to get to a steady state…so we have offered to drop the
price from €9.99 to €5.99 for a single account and €4 for any
additional accounts,” Meta lawyer Tim Lamb said.
The proposal comes after the tech giant’s consultations with
European regulators. The paid version of Facebook and Instagram was
envisioned to offer customers an ad-free experience.
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