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Meta, the company behind Facebook and Instagram, has warned in its latest annual report that it could be forced to pull the plug on these popular social media services in Europe over the lack of a current international data transfer agreement. These agreements allow U.S.-based tech giants such as Meta to transfer, store, and process data from Europe on stateside servers, but the previous one was rendered invalid in 2020 by a European court that didn’t think it was strong enough to protect its citizens. Europeans are afraid of their data being snooped on by U.S. agencies.
Annual Report, Government Regulation (Meta)
If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs or rely upon other...
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