Saturday, May 31, 2025

Latest

Meta Considering Shutting Down Facebook, Instagram if Europe Refuses User Data Transfer to US

Meta Platforms (NASDAQ: FB) is threatening to withdrawal its Facebook and Instagram services in Europe if regulators interfere in the transfer of user data back to the US.

According to Meta’s annual report published last week, the social media conglomerate warned it may shut down popular sites Facebook and Instagram in the event that Europe imposes more stringent regulation governing how Europeans users’ data is sent to the US.

“If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe,” read the statement from Facebook, adding that the company’s business, financial condition, and operation results would become adversely affected.

Back in 2020, the European Court of Justice objected to the current data transfer method between the US and the EU, citing inadequate protections of European users’ privacy. As a result, the court imposed restrictions governing how US-based companies send EU citizens’ data across the Atlantic, given that users are unable to properly challenge US government surveillance.

Information for this briefing was found via Meta. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Facebook Secretly Intercepted Snapchat’s Encrypted Traffic to Gain Competitive Edge

Newly unsealed court documents have revealed that in 2016, Facebook launched a secret project codenamed...

Monday, April 1, 2024, 03:34:00 PM

Bill C-18: The Online News Act (…of sabotage!)

Lots of hand wringing in the corporate media as bill C-18, The Online News Act,...

Sunday, May 14, 2023, 09:00:00 AM

Is Trump Returning to Twitter and Facebook?

Wanting to return to power with a fresh bid for the presidency in 2024, Donald...

Thursday, January 19, 2023, 11:11:43 AM

Trump is Back! Meta Restores Former President’s Facebook Account

Donald Trump’s Facebook and Instagram accounts have been restored, allowing the former president to post...

Saturday, February 11, 2023, 11:19:00 AM

Facebook Parent Looks To Cut Thousands Of More Jobs

Tech layoffs appear to not yet be over, with the Washington Post reporting this morning...

Wednesday, February 22, 2023, 10:54:00 AM