facebook challenge to irish watchdog data

Negotiations for a new pact/framework are underway but going by recent proceedings, it may not materialize. and EU were still valid, thanks to Standard Contractual Clauses (SCCs). Since then, a new regulation hasn’t come to fruition, but data transfers between the U.S. Lack of appropriate safeguards to preclude U.S.-based organizations like the NSA, CIA, etc., to surveil on Facebook and other platforms’ users also prompted the ECJ to develop stricter data transfer regulations. This resulted from a lawsuit filed by Max Schrems, an Austrian data privacy activist, in the wake of the telling disclosure by NSA employee-turned-whistleblower Edward Snowden. The crux of the issue is that the Court of Justice of the European Union (ECJ) declared data isn’t safe once it goes out of the EU to the U.S., and thus nullified the EU-U.S. The company said it might need to discontinue Facebook and Instagram in the continent as the EU tightens its grip around data privacy regulations.ĮU regulators are currently drafting new legislation that can change the way data is shared between European and North American servers. Meta may have to shut some of its social media services in the European Union soon, the company warned in its annual Form 10-K filing to the Securities and Exchange Commission (SEC).

Meta’s Facebook and Instagram may now have to quit the EU market.

The Big Tech giant seems to be in the early stages of a downward spiral stirred by snowballing concerns and increased scrutiny over data privacy, dwindling revenue, a decline in user growth, and more. Days after its stock value took a tumble, Meta disclosed another somber news to investors.

Facebook challenge to irish watchdog data