Meta cuts Facebook and Instagram subscription fees by 40% in EU region
Meta announced it will cut subscription fees for Facebook and Instagram in the EU region to meet regional regulatory requirements. The move is to comply with EU regulations aimed at cracking down on anti-competitive practices by tech companies. Meta initially launched an ad-free subscription service in October 2023, which took effect after a fine from regional regulators. The EU's tight regulation has affected Meta's ability to launch new services in the region.