Meta shares are trading lower. It was earlier reported the company is exploring a $14/month subscription plan for European users as a potential solution to comply with EU regulations on personalized ads.
Portfolio Pulse from Bill Haddad
Meta Platforms Inc. is reportedly considering a $14/month subscription plan for European users to comply with EU regulations on personalized ads. This news has led to a decrease in Meta's share price.
October 03, 2023 | 4:34 pm
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NEGATIVE IMPACT
Meta's shares are trading lower following the news of a potential subscription plan for European users to comply with EU regulations.
The news of Meta considering a subscription plan to comply with EU regulations has led to a decrease in its share price. This suggests that investors may be concerned about the potential impact on Meta's ad revenue, which is a significant part of its business model.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100