Meta threatens to shut down Facebook in Europe. Zuckerberg can’t agree on data privacy
Meta is serious about the possibility of leaving the European market due to the data exchange law in force in the EU. Facebook Instagram owner may not be able to continue to provide services without data transfer between countries and regions. This is the first such sharp statement by Zuckerberg on this issue, which may be unexpected for many netizens.
The controversial news appeared in Meta’s annual report submitted to the Securities Commission. Facebook Instagram representatives draw a black scenario in it, in which Facebook and Instagram will have to be turned off for Europeans. This is closely related to the European laws “On the turnover of personal data”. They allow you to receive information about European users of the platform and send it to American servers.
Meta has had problems with this for a long time and criticizes the EU. Zuckerberg’s company says the ability to process data is crucial to his business. Facebook Instagramming concerns both operational issues and the targeting of ads on which Facebook and Instagram earn money. A new EU law has annulled previously used systems, so Meta cannot always enter into data exchange agreements. In the same report, it was stated that Meta plans to conclude contracts in 2022, but if this fails, it probably will not be able to offer its services in Europe. Instagram Facebook’s absence may even be good news from the point of view of many people, however, many companies rely on the ads broadcast on these sites to sell their products. Although for this reason, the exit of Meta from the European market will be problematic.