Meta hit with $1.3 billion fine for EU data privacy violations.

1 min read
Source: CNBC
Meta hit with $1.3 billion fine for EU data privacy violations.
Photo: CNBC
TL;DR Summary

Meta has been fined a record 1.2 billion euro ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S. The Irish Data Protection Commission alleged that the company infringed the bloc's General Data Protection Regulation (GDPR) when it continued to send the personal data of European citizens to the U.S despite the 2020 European court ruling. Meta used a mechanism called standard contractual clauses to transfer personal data in and out of the EU. This was not blocked by any court of the EU. Meta plans to appeal the decision and the fine.

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