Meta's Instagram, Facebook to charge EU users for ad-free service: source
Meta Platforms is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two people familiar with the matter said on Tuesday.
Several pricing plans were discussed, but the 10-euro-per-month plan is the most feasible, one of them said, while the other source said it will be implemented in the coming months.
The proposal is an attempt by Meta to comply with European Union regulations that threaten to curb its ability to personalize ads for users without their consent and hurt its major revenue source.
Offering a choice between a free, ad-supported plan and a paid subscription might lead to users opting for the former, helping Meta comply with regulations without affecting its ad business.
Meanwhile, Netflix's streaming subscription, which charges 7.99 euros for a basic plan, while Alphabet's YouTube Premium costs about 12 euros and Spotify's Premium service is priced at about 11 euros.
On mobile devices, the price for a single account would jump to roughly 13 euros because Meta would factor in commissions charged by Apple's and Google's app stores, the second source said.
The social media company was fined 390 million euros earlier this year by Ireland's Data Privacy Commissioner and told it cannot use the so-called "contract" legal basis to send users ads based on their online activity.
Meta subsequently said it intended to ask users in the EU for their consent before allowing businesses to target ads in order to address evolving regulatory requirements in the region.
A Meta spokesperson said the company believes in "free services which are supported by personalized ads," but is exploring "options to ensure we comply with evolving regulatory requirements."
Meta, Ireland's Data Protection Commission declined to comment while the European Commission did not respond to a Reuters request for comment.
(Reporting by Supantha Mukherjee in Stockholm, Akash Sriram and Jyoti Narayan in Bengaluru; Editing by Sonia Cheema and Arun Koyyur)
YOUR FINANCES

What is the grocery code of conduct, and will it help to lower the cost of food?
Canada's grocery code of conduct is in the final stages with advocates saying it would help lower food prices while big grocers say it won't.

Poor Inuit housing 'direct result of colonialism': federal housing advocate
A federal housing advocate is accusing every level of government in Canada of failing to uphold the Inuit's right to housing -- and therefore denying their human rights.

Having financial problems? Don't get caught in debt relief scams
With inflation, rising interest rates, and higher costs for gas, groceries and housing, many Canadians are feeling the financial pinch and now personal bankruptcies are on the rise.
Do you tip at a restaurant like Chipotle? Here’s what a survey found
But the majority of Americans say they tip 15 per cent or less for a typical meal at a sit-down restaurant, according to a wide-ranging new poll on tipping attitudes from Pew Research Center. The poll surveyed nearly 12,000 people.
Loblaw raises the affordability alarm as grocery code of conduct nears completion
As the grocery code of conduct nears completion, the Canadian industry's biggest player is raising concerns the guidelines could add fuel to the food inflation fire.
Here's how much it costs to raise children in Canada, according to new statistics
A new report from Statistics Canada estimates how much parents will spend on children over the course of their lifetime.
More Canadian households struggling to put food on the table due to high cost of living: report
As the cost-of-living crisis persists, two-parent households are increasingly turning to food banks across Canada to feed their families, according to a new report.
Slowdown in inflation supports interest rate pause next week, economists say
Canada's inflation rate edged down to 3.8 per cent last month as price pressures eased across the economy, setting the stage for the Bank of Canada to hold its key interest rate steady next week, economists say.
CTVNews.ca Top Stories

Poilievre calling on 'unelected' Senate to 'immediately' pass farm fuels carbon tax bill
Conservative Leader Pierre Poilievre is pushing for MPs to call on senators to 'immediately' pass a bill that would exempt certain farm fuels from the carbon price.
Chicago Blackhawks to terminate Corey Perry's contract after finding 'unacceptable' conduct
The Chicago Blackhawks said Corey Perry engaged in unacceptable conduct and took a step Tuesday toward terminating his contract, the latest twist involving the veteran winger who was mysteriously scratched and sent home last week without explanation.
Short-term rental tax changes left out of Freeland's bill to implement fiscal update measures, here's why
Finance Minister Chrystia Freeland will be tabling an omnibus bill to pass measures she promised in last week's fall economic statement. Missing from the package are the government's promised plans to crack down on short-term rentals, while the Liberal promise to double the carbon tax rural rebate top-up, is included.
OPINION Advice on dealing with 'quiet hiring' in the workplace
In a column for CTVNews.ca, personal finance writer Christopher Liew tackles 'quiet hiring' -- a term referring to companies that quietly hire from their own talent pool rather than look elsewhere -- and outlines some tips for employees on how to take advantage of the practice.
French police arrest yoga guru accused of exploiting female followers
French authorities arrested the leader of a multinational tantric yoga organization Tuesday on suspicion of indoctrinating female followers for sexual exploitation.
Customer sues Chopt eatery chain over salad that she says contained a piece of manager's finger
A customer has filed a lawsuit against the fast casual chain Chopt over a salad that she says contained a piece of the manager's finger.
Alex Murdaugh sentenced to 27 years for financial fraud after victims angrily confront him in court By Jeffrey Collins
For years, South Carolina attorney Alex Murdaugh looked his anguished clients in the eyes and promised to help them with their medical bills, their suffering or simply to survive. Then he stole most, if not all, of what he won for many of them.
Liberals 'committed' to pharmacare, looking at 'responsible ways' to proceed: Trudeau
Prime Minister Justin Trudeau says his government has 'been committed' but is looking at 'responsible ways' to proceed with its promised pharmacare bill.
High-fat flight is first jetliner to make fossil-fuel-free transatlantic crossing from London to NY
The first commercial airliner to cross the Atlantic on a purely high-fat, low-emissions fuel flew Tuesday from London to New York in a step toward achieving what supporters called 'jet zero.'