Current:Home > StocksMeta proposes charging monthly fee for ad-free Instagram and Facebook in Europe -TradeBridge
Meta proposes charging monthly fee for ad-free Instagram and Facebook in Europe
Rekubit Exchange View
Date:2025-04-10 19:08:44
Meta is considering charging European users for versions of its Instagram and Facebook apps, which are currently free, to comply with European Union regulations.
The technology company has proposed charging Instagram and Facebook users in Europe about $13 a month to avoid seeing ads, a source told CBS MoneyWatch. That's roughly what competitors such as YouTube Premium charge for accounts in Europe. The Wall Street Journal first reported on Meta's plan.
Meta is required to comply with European Union privacy rules that restrict its ability to target users with personalized ads based on their online browsing activity. Facebook and Instagram, which are free, are largely supposed by advertising. Ireland's Data Privacy Commissioner previously fined the company for requiring app users to consent to viewing ads based on their online activity.
The new proposal would offer European users two choices: continue using free versions of Instagram and Facebook with personalized ads, or pay for ad-free subscriptions. The changes would not affect Meta app users in other countries, including the U.S.
A source familiar with the matter told CBS MoneyWatch that Meta's proposal is not set in stone and it continues to explore a range of options to comply with the EU regulations.
"Meta believes in the value of free services which are supported by personalized ads. However, we continue to explore options to ensure we comply with evolving regulatory requirements," a Meta spokesperson said in a statement to CBS MoneyWatch.
- In:
- Meta
veryGood! (6)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- The FDIC says First Citizens Bank will acquire Silicon Valley Bank
- A Colorado Home Wins the Solar Decathlon, But Still Helps Cook the Planet
- Lift Your Face in Just 5 Minutes and Save $75 on the NuFace Toning Device
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- UFC and WWE will team up to form a $21.4 billion sports entertainment company
- Confusion Over Line 5 Shutdown Highlights Biden’s Tightrope Walk on Climate and Environmental Justice
- Major effort underway to restore endangered Mexican wolf populations
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- A Just Transition? On Brooklyn’s Waterfront, Oil Companies and Community Activists Join Together to Create an Offshore Wind Project—and Jobs
Ranking
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- A Great Recession bank takeover
- The U.S. condemns Russia's arrest of a Wall Street Journal reporter
- Dwyane Wade Recalls Daughter Zaya Being Scared to Talk to Him About Her Identity
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- The U.S. condemns Russia's arrest of a Wall Street Journal reporter
- Tom Brady Mourns Death of Former Patriots Teammate Ryan Mallett After Apparent Drowning
- Washington Commanders owner Dan Snyder fined $60 million in sexual harassment, financial misconduct probe
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Inside Clean Energy: Yes, We Can Electrify Almost Everything. Here’s What That Looks Like.
Barack Obama drops summer playlist including Ice Spice, Luke Combs, Tina Turner and Peso Pluma
Sale of North Dakota’s Largest Coal Plant Is Almost Complete. Then Will Come the Hard Part
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
More Young People Don’t Want Children Because of Climate Change. Has the UN Failed to Protect Them?
Jimmie Johnson Withdraws From NASCAR Race After Tragic Family Deaths
Why tech bros are trying to give away all their money (kind of)