A security guard stands watch by the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva
A security guard stands watch by the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva
3D printed Meta and Facebook logos are placed on a laptop keyboard in this illustration. REUTERS/Dado Ruvic
3D printed Meta and Facebook logos are placed on a laptop keyboard in this illustration. REUTERS/Dado Ruvic

Meta hit by record 1.2 bln euro fine by EU over U.S. data transfers

May 22nd, 2023 | 09:35 AM TECH Technology 1

Facebook Twitter Google+ LinkedIn Pinterest
By Reuters

Meta (META.O) was hit on Monday with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States.

The fine imposed by Ireland's Data Protection Commissioner (DPC) concerned Meta's continued transferring of personal data and topped the previous 746 million euro record EU privacy fine by Luxembourg on Amazon.com Inc (AMZN.O) in 2021, according to a DPC statement.

Related Posts

© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT