Meta Ads: New location targeting update.

Meta has made changes to its location targeting settings, eliminating the dropdown menu and leaving only the “Living in or recently in this location” option. This change means that advertisers no longer need to choose a specific type of location targeting. There have been no exceptions identified for campaign objectives or optimization. Understanding this new approach is necessary to reach the desired audience and optimize campaign objectives effectively for better ad performance and return on investment.
source: New update to Meta Ads location targeting