This price is absurd, sure. Even if I trusted Meta, there's no way I'm paying that.
Having said that, they can charge whatever they want for the service. As company, their prices are up them.
I don't get why you (no OP specifically, but in general) put it as if you must pay or give up your rights. We can just not use Meta, as many of us already been doing.
GDPR should be there to protect and enforce informed consent. Not to remove people's ability to decide.
Why sholuld we regulate Meta's prices and not whatever other suscription service exists out there?
I agree, but it's not like using Meta is mandatory. You can decide not to use their services.