According to insiders, Meta expects a record fine in the EU data protection dispute – network policy

2023-05-17 19:22:38

Bangalore – Insiders say Meta faces a record EU fine for data breaches. It will be higher than the previous maximum fine of 746 million euros against Amazon, said two people familiar with the process. The background is the dispute over the transfer of data from Facebook users from the EU to US servers. Meta did not implement a warning from the European Court of Justice (ECJ), it said. Meta declined to comment on Wednesday. Comments from the Irish Data Protection Commission (DPC) and the EU Commission were initially not available. The Meta share was initially almost two percent up over the course of the year.

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