Meta receives a record fine of 1.2 billion euros


Meta has a brand new report fantastic. The European regulators have imposed a monster fantastic of 1.2 billion euros on the social media platform.

The Wall Road Journal reviews that Europe is imposing a fantastic as a result of Meta Platforms allegedly transferred knowledge from European residents to the USA. The information that Reuters introduced final week is thus confirmed. Even then, a sanction appeared imminent after suspected violations of European guidelines on privateness.

The European Union is asking that or not it’s made inconceivable for tech giants reminiscent of Fb to switch knowledge from European residents to the USA. The EU is afraid that Meta will in flip switch the info to US intelligence companies.

One other monster fantastic for Meta

It’s one more heavy fantastic for Fb’s mum or dad firm, which was already imposed by the Irish privateness regulator Information Privateness Commissioner (DPC) at first of January. inhabited was for a hefty sum of 390 million euros. In that case, Meta was penalized for the way in which it dealt with private knowledge for customized advertisements. In September of final yr, the DPC had already imposed a fantastic of 405 million euros on subsidiary Instagram and in November one other fantastic of 265 million euros adopted for Meta.