The European Union recently fined Meta, the parent company of Facebook, an unprecedented $1.3 billion for violating the EU’s sweeping privacy law. The EU and US are now at odds over a data transfer agreement.
The European Union recently fined Meta, the parent company of Facebook, an unprecedented $1.3 billion for violating the EU’s sweeping privacy law, the General Data Protection Regulation. It’s a landmark move in the GDPR’s five-year lifespan, which could have U.S.-based tech companies like Meta reconsidering their privacy policies in a way noticeable to their tens of millions of users.
With the Privacy Shield invalidated and the GDPR in place, Meta was found in violation of the latter, which the EU adopted in April 2016, and began its operation a bit over two years later. The eight-figure Meta fine is the largest yet imposed on a U.S. company under GDPR’s rules about restrictions and obligations on entities collecting data from users in the EU.
A new agreement that would allow the data transfers was approved by the U.S. in 2022, but it is still awaiting ratification by the European Commission. The Trans-Atlantic Data Privacy Framework contains a new set of rules to limit access to data by U.S. intelligence authorities and, if passed in time, could eliminate Meta’s legal woes. But that timing is uncertain.
But if the European Commission doesn’t act, that might change. Meta would be left with two costly options. First, they could act to localize data from EU users, ceasing to transfer any of it to the U.S. That process has been a costly and lengthy undertaking for TikTok, the popular short-form video hosting service owned by Beijing, China-based ByteDance. In TikTok’s bid to assuage U.S.
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