Meta offers to almost halve Facebook and Instagram monthly fees

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 has offered to almost halve its monthly subscription fee for Facebook and Instagram to 5.99 euros from 9.99 euros, a senior Meta executive said on Tuesday, a move that aims to address concerns from privacy and antitrust regulators.

The price cut follows mounting criticism from privacy activists and consumer groups about Meta's no-ads subscription service in Europe, which critics say requires users to pay a fee to ensure their privacy.