Meta offers to cut Facebook, Instagram monthly fees to 5.99 euros
© Reuters. FILE PHOTO: A blue verification badge and the logos of Facebook and Instagram are seen in this picture illustration taken January 19, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BRUSSELS (Reuters) – Meta Platforms (NASDAQ:) has offered to cut a monthly subscription fee for Facebook and Instagram to 5.99 euros from 9.99 euros following discussions with regulators, a senior Meta executive said on Tuesday.
“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 euros for any additional accounts,” Meta lawyer Tim Lamb told a European Commission hearing.
