Meta Repeats Threat It May Pull From Europe
Meta Platforms Inc. reiterated its warning that it may have no choice but to pull its popular Facebook and Instagram services from the European Union if a new transatlantic data transfer pact doesn’t materialize.
Meta could face an imminent data flow ban from Ireland’s data protection watchdog, which oversees a number of Silicon Valley tech giants based in the country, in a decision that risks impeding transatlantic data flows. The Irish Data Protection Commission could issue its decision on a possible ban of EU-US data transfers under so-called standard contractual clauses in the next three months, Meta said in a regulatory filing.
Source: Meta Repeats Threat It May Pull Facebook, Instagram From Europe – Bloomberg