Friday, 24 March, 2023

Meta to consider shutting down Facebook, Instagram in Europe over data sharing dispute

<p>New European data regulations prevent Meta from transferring, storing, and processing European Users&rsquo; data on US-based servers. Meta warned last Thursday in its annual report to the US Securities and Exchange Commission, that if no new framework is adopted and the firm can no longer use the current model of agreements, it will be forced to leave the continent. Meta stated that data sharing between countries is essential for businesses as it helps with advert targeting.</p>