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Meta offers to cut Facebook, Instagram monthly fees to 5.99 euros

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Meta offers to cut Facebook, Instagram monthly fees to 5.99 euros

Mar 19, 2024 3:26 AM

BRUSSELS, March 19 (Reuters) - Meta Platforms ( META )

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.

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