Meta Fined $1.3 Billion Over Privacy Concerns

Meta Platforms was fined $1.3 billion by European Union regulators for sending the personal information of European Facebook users to the United States. This has been a long-time struggle for multinational tech companies as many of them rely on the free flow of data across the Atlantic.

This struggle has put pressure on the United States government to strike a deal with other countries to allow multinational companies to send data back to their headquarters within the United States.

Such a deal has yet to be struck as EU privacy regulators argue that Meta has for years illegally stored European user data on U.S. servers in which American spy agencies could access that data “without any sufficient means of user appeal”.

Source: Wall Street Journal