E.U. Pressures Meta to Cut Fees on New Subscription Service Amid Regulatory Scrutiny
- E.U. antitrust chief warns Meta Platforms and Apple to cut fees for certain services
- Specifically related to Meta's new $10.87/month ad-free subscription tier for Facebook and Instagram
- Meta offers to lower the fee to $6.52/month in response
- Unlikely to have major financial impact on Meta either way
- Part of ongoing regulatory tensions between E.U. and U.S. tech giants