The Wall Street Journal has reported that Meta Platforms may charge its European users for ad-free social media platforms. According to the article, the company is looking to charge about $14 per month for Instagram on phones, and $17 per month for Facebook and Instagram on desktops.
European rules have changed and require user consent before displaying personalised ads. According to the article, Meta has made the proposals to privacy regulators in Ireland and competition regulators in Europe.
Europe accounts for just over 20% of Meta's revenue.
- Meta's green 5-day EMA has crossed above its orange 10-day EMA (black circle).
- This puts the EMAs into bullish formation.
- The RSI has pushed above 50 (green rectangle).
- This is the bullish side of the indicator.
- If the EMAs can develop angle and separation to the upside, and the RSI maintain above 50, these will be regarded as bullish developments.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.