Facebook, Instagram may cut fees by nearly 50% in scramble for DMA compliance
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Meta is considering cutting monthly subscription fees for Facebook and Instagram users in the European Union nearly in half to comply with the Digital Market Act (DMA), Reuters reported.
During a day-long public workshop on Meta's DMA compliance, Meta's competition and regulatory director, Tim Lamb, told the European Commission (EC) that individual subscriber fees could be slashed from 9.99 euros to 5.99 euros. Meta is hoping that reducing fees will help to speed up the EC's process for resolving Meta's compliance issues. If Meta's offer is accepted, any additional accounts would then cost 4 euros instead of 6 euros.
Lamb said that these prices are "by far the lowest end of the range that any reasonable person should be paying for services of these quality," calling it a "serious offer."