The system seems to be;

• Add adverts
• Make them more intrusive
• Add more adverts
• Make them even more intrusive
• Everybody is fed up with adverts because there are now more adverts than content, so introduce paid version which costs more than the company would earn on ad impressions even for a heavy user, to remove ads
• Next step might be to add some ads to paid version?

Even YouTube Premium is cheaper than that.

Remember when their account signup page said "It's free, and always will be"? Pepperidge Farm remembers.

Facebook still sell your data even if you pay to give it to them.

For that price you could have your own ad-free Mastodon instance for whole family from masto.host for 9$/month, 1TB of Nextcloud cloud storage with up to 100 accounts from Hetzner for 4$/month and one premium Bitwarden account for 1$/month.

If I had any confidence in this company, it might have been interesting. 🤔

So now you can voluntarily give your financial info in addition to the data they already leech. That too with a nominal monthly fee. Great!!

This is the best summary I could come up with:

Meta is preparing to charge EU users a $14 monthly subscription fee to access Instagram on their phones unless they allow the company to use their personal information for targeted ads.

Several social media platforms, which for years made all their features available for free, have recently begun to charge for extras, as their traditional ad businesses come under pressure from privacy regulations and marketers become more selective with their budgets.

Snapchat and X, formerly Twitter, also sell optional subscriptions offering paying users exclusive features, such as verified profiles, custom app themes and fewer ads.

The Silicon Valley-based company has until the end of November to comply with a Luxembourg court ruling from this year which found that Facebook “cannot justify” the use of personal data to target consumers with ads unless it gains their consent.

The Digital Markets Act, which comes into force in March, imposes new legal obligations on companies to share data with rivals to promote fair competition.

In May, Facebook, which is owned by Meta, was fined a record €1.2 billion for violating privacy laws that required appropriate safeguards of transfers of data from the EU to the US.

The original article contains 710 words, the summary contains 193 words. Saved 73%. I'm a bot and I'm open source!

So now people should pay to get their data sold to advertisers?

Brilliant.

hahahahahahahahaha

I'd pay a few bucks a month to get rid of ads—easily more than they make by showing me ads—but $14 is just absurd. It's like they want this new program to fail.

This is why I use a modded version of Instagram that gets rid of ads

I’d pay that for a version of both apps from 10-15 years ago. Same with Twitter (would have to include banning Elon and trump)

I like the movement from ads to subscriptions. But no shot I'm paying for social media. But maybe I'm anti-social.

Zuck my cock, Meta.