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EU slaps $1.3 billion fine on Meta

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technology

EU slaps $1.3 billion fine on Meta

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Massive fine

Meta was fined $1.3bn by the Irish privacy watchdog for breaking EU privacy rules. It's the largest fine under Europe's data protection regime.

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Transferring data

The company was fined for transferring the Facebook data of EU citizens to the US. The Irish DPC said Meta did not address associated risks.

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Illegal

Meta transferred data under the Privacy Shield agreement between the US and EU. The agreement was struck down in 2020 by EU's top court.

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Origin

The complaint against Meta dates back to 2013. It stems from Edward Snowden's revelations about the US's mass surveillance programs.

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Implication

The ruling will affect Meta's ad revenue as data transfer to the US is important for targeted advertising. Meta said it will appeal the decision

EU slaps $1.3 billion fine on Meta

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