Meta threatens to shut down Facebook and Instagram in Europe over data transfers – NZ Herald

WEBSITE OF THE YEARAPP OF THE YEARWorld7 Feb, 2022 02:31 AM3 minutes to readFacebook gently mocks the New Zilund accent in its first Metaverse ad. Video / MetaMeta has warned it could shut down Facebook and Instagram in Europe if it is not able to transfer data to American servers.The parent company of Facebook made the declaration in its annual report to the US Securities and Exchange Commission on Thursday.The tech giant blamed evolving laws and regulations from European regulators, courts and legislative bodies — that have increasingly scrutinised the social media company — and which Meta said was impacting its “critical operations”.In particular Meta cited a 2020 decision by the Court of Justice of the European Union regarding the so-called “Privacy Shield”.That agreement allowed for a framework for data transfers from the EU to the US and was invalidated by the CJEU.The EU has strict data protection requirements regarding the transfer of personal data from Europe to the US.Meta currently relies on Standard Contractual Clauses to transfer data, which the company cautioned could be subject to “regulatory and judicial scrutiny”.The company said it received a preliminary draft decision from the Irish Data Protection Commission that Meta’s reliance on reliance…
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