Meta may disable two of its social networks in the European region. This possibility was described in a document sent to the United States Securities and Exchange Commission. The new law of the European Union may be to blame for everything.
Now the data of the account holders of both social networks are on European and American servers, which is important for the operation of targeted advertising. The new law of the European Union states that all information of users from Europe will have to be stored and processed exclusively on the territory of the EU member states.
According to Meta in an appeal to the Commission, the problem will probably be solved already in the 1st half of this year. To ensure the operation of social networks in Europe, Meta must ensure the operation of the transatlantic information transmission system or some alternative. If it fails, Meta's financial position will worsen, and companies from Europe that use the power of Facebook and Instagram will also suffer.
Now the data of the account holders of both social networks are on European and American servers, which is important for the operation of targeted advertising. The new law of the European Union states that all information of users from Europe will have to be stored and processed exclusively on the territory of the EU member states.
According to Meta in an appeal to the Commission, the problem will probably be solved already in the 1st half of this year. To ensure the operation of social networks in Europe, Meta must ensure the operation of the transatlantic information transmission system or some alternative. If it fails, Meta's financial position will worsen, and companies from Europe that use the power of Facebook and Instagram will also suffer.
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