Business news from Ukraine

Meta may introduce paid subscriptions to Instagram and Facebook

3 September , 2023  

U.S. corporation Meta is considering introducing paid Facebook and Instagram subscriptions with no ads for users in the European Union, The Wall Street Journal reports.
It is reported that this could be a response to regulatory scrutiny and a sign of how people perceive technology in the U.S. and Europe.
“Those who pay to subscribe to Facebook and Instagram won’t see ads on the apps. This could help Meta avoid privacy concerns and other scrutiny from EU regulators by giving users an alternative to the company’s advertising services, which rely on analyzing people’s data,” the report said.
According to the publication, Meta will also continue to offer ad-free versions of Facebook and Instagram in the European Union. It is noted that it is still unclear how much the paid versions of the applications will cost and when the company will be able to release them.

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