Meta may charge users $14 a month for ad-free Instagram or FB
Meta is reportedly planning to charge $14 for accessing an ad-free Instagram or Facebook in Europe where users will have an option to pay the fee or agree to see personalised ads.
Meta is reportedly planning to charge $14 for accessing an ad-free Instagram or Facebook in Europe where users will have an option to pay the fee or agree to see personalised ads.
If users in Europe want to access both Instagram and Facebook, they can get the combo for $17 per month, reports The Wall Street Journal.
Meta is reportedly pitching the pricing to EU regulators who want Mark Zuckerberg to stop using personal data to target ads at European citizens without their consent.
"The bloc's users could have three options by the end of this month: pay up, use for free but agree to personalized ads, or quit, with the latter looking very tempting," the report mentioned.
Those who pay for the subscriptions would not see ads while Meta would also continue to offer free versions of the apps with ads in the EU.
Meta has been forced by the EU to ask permission from its users before showing them targeted advertising, after a series of regulatory rulings challenged its financial strategy.
Reports surfaced earlier this year that Meta is testing a new subscription service that would let Facebook and Instagram users pay for a verified account.
Meta is also working on generative AI chatbot called 'Gen AI Personas' for younger users.
According to reports, the AI chatbot "would come in multiple personas geared towards engaging young users with more colourful behaviour".
Meta is planning to develop dozens of AI personality chatbots.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:52 PM IST