By 2021, Meta registered 71,970 workers worldwide.
Meta’s revenues were approximately $117 billion.
Meta generated $114.93 billion in advertising revenue that year.
This Monday it was announced that Meta was fined almost 1.3 billion dollars for breaching European data protection regulations, by the European Union, becoming the highest sanction imposed in Europe for this type of infraction.
This comes after the company was condemned for having “continued to transfer personal data” of Facebook users from the European Economic Area to the United States, as explained by the Irish Data Protection Commission (DPC), which acts on behalf of the Union. Union monitoring the application of the General Data Protection Regulation (GDPR) of the EU, because the European headquarters of the American group is in Ireland.
Given this, after making this news known, the American giant of social networks, asserted that it plans to appeal the decision.
This fine is the result of an investigation initiated in 2020, and the decision also requires Meta to “suspend all transfers of personal data to the United States within five months” from being notified of the decision and comply with the GDPR. within six months, according to the DPC.
Following these accusations, Mark Zuckerberg’s Meta describes it as “unjustified and unnecessary” and assured in a statement that he will act before the courts to try to suspend it.
“Thousands of companies and organizations depend on the ability to transfer data between the EU and the United States” and “there is a fundamental US government legal dispute over European data access and privacy rights,” the statement read. press.
reactions
Also after being informed about the fine, many assured that it is a hard blow for the technology company, one of these is the statement of the European association for the defense of privacy Noyb (acronym for “none of your business”, it is none of your business). , which has filed numerous lawsuits against American tech giants in Europe.
Max Schrems, founder of Noyb, said in the text that the penalty for Meta “could have been much higher, given that the maximum fine is more than four billion and that Meta knowingly broke the law to generate profits for ten years.” .
“If US surveillance laws are not corrected, Meta will have to fundamentally restructure its systems,” he added.
With all this, Meta, which according to its data recorded US$116.6 billion in annual revenue in 2022, expects the United States and the European Union to adopt a new legal framework for the transfer of personal data in the coming months, after a agreement in principle reached last year.
So with this it would be the third sanction to Meta in the EU since the beginning of 2023 and the fourth in six months.
Recall that in January, the DPC imposed a fine of almost 400 million euros for violations in the use of personal data for advertising purposes in its Facebook, Instagram and WhatsApp applications.
Now read:
The best alternatives to listen to music with Misik
Palacio de Hierro enters the sustainable clothing market and confirms the trend
Brincos Dieras collaborates with the creator of OnlyFans and YouTube wins