The matrix of Facebook, Meta, has threatened to close services such as its social networks Facebook and Instagram in the European Union if community regulations continue to prevent you from transferring data from your European users to the United States in the future.
This has been denounced by the American company in a report presented to the United States Security and Exchange Commission, in which it has addressed the problems faced by its advertising business at an international level.
In the case of the European Union, in July 2020, a ruling by the Court of Justice of the EU (CJEU) annulled the ‘Privacy Shield’ regulation, which until now regulated the transfer of user data between countries. With this, the Community General Data Protection Regulation (RGPD) came into force in this regard, in force since 2018 and which prohibits companies from processing the data of European citizens outside the EU.
“If we are unable to transfer data between countries and regions in which we operate, or if we have restrictions on sharing data between our products and services, this could affect our ability to provide our servicesthe way we provide our services or our ability to target ads”, as Meta has warned now in the report.
Mark Zuckerberg’s company hopes to be able to reach a new agreement with the community institutions throughout this year that has just begun, and that the transfer of data between both parties will be legal again. If not, has threatened to shut down some of its most popular services.
“If a new transatlantic data transfer framework is not adopted and we cannot continue to rely on the SCC [Cláusulas contractuales estándar] or rely on other alternative means of transferring data from Europe to the United States, we may not be able to offer a number of our most important products and services, including Facebook and Instagram, in Europe.” the company has recognized that this measure would be contrary to its own interestsand that would “materially and adversely affect” its business, financial condition and results of operations.
Source: Lasexta

Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.