Accountability
Meta may shut down Facebook, Instagram in EU if new data sharing agreement is not reached
Meta warned US officials this week that if a new data sharing agreement cannot be reached between the US and the EU, the social media giant may be forced to shut down or significantly change services like Facebook and Instagram in Europe.
In an annual report prepared by Meta Platforms for the Securities and Exchange Commission, Meta explains how the lack a data sharing agreement between the United States and the European Union that expired in 2020 threatens to severely hamper, if not shut down completely, Meta’s ability to offer popular platforms like Facebook and Instagram within the EU.
The report warns that any new changes to the way data is allowed to be shared between the two continents may lead to the worst-case scenario, in which millions of European users lose access to two of the biggest social media platforms in the world. Meta further explains this type of change would sharply affect its bottom line.
“If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe, which would materially and adversely affect our business, financial condition, and results of operations,” it wrote.
Terry A. Hurlbut has been a student of politics, philosophy, and science for more than 35 years. He is a graduate of Yale College and has served as a physician-level laboratory administrator in a 250-bed community hospital. He also is a serious student of the Bible, is conversant in its two primary original languages, and has followed the creation-science movement closely since 1993.
-
Education4 days ago
‘Grading for Equity’: Promoting Students by Banning Grades of Zero and Leaving No Class Cut-Ups Behind
-
Family3 days ago
Idaho defends against abortion mandate
-
Education1 day ago
CHAPTER 11: Critical Race Theory: A Species of the Ideological Thought Genus Marxism
Space Is No Longer the Final Frontier—Reality Is [forthcoming release May 2024] -
Civilization5 days ago
Newsom plays silly abortion politics
-
Constitution2 days ago
Presidential immunity question goes to SCOTUS
-
Civilization5 days ago
Waste of the Day: China Still Owes Over $1 Trillion to American Bondholders
-
Civilization20 hours ago
Will Trump flip New York?
-
Civilization5 days ago
Current Conflicts Demonstrate Need for More and Better Tanks In Eastern Europe