Facebook threatens to withdraw from the EU

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Unless it is permitted to violate privacy law

Social work group Facebook is throwing its toys out of the pram and threatening to pull out of the EU unless it is allowed to break its GDPR laws.

Facebook insists it should be allowed to share European user data with its US operations, apps and data centers.

What earned Facebook Capra hircus is a decision of the Court of Justice of the EU (in July 2020) annulling a US law called Privacy Shield. European courts are determining the ramifications of the decision, but with the European General Data Protection Regulation (GDPR) firmly in place, the US Privacy Shield is not compliant and therefore invalid.

It hits every American business, including cloud companies like Google, Microsoft, and Amazon, it’s Facebook/Meta who “says stopping transatlantic data transfers will have a devastating impact on its targeted online advertising capabilities “.

A Facebook spokesperson said: “If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on standard contractual clauses [now also subject to new judical scrutiny] or rely on other alternative means of transferring data from Europe to the United States, we may not be able to offer a number of our most important products and services, including Facebook and Instagram, in Europe, which would have a material and adverse effect on our business, financial condition and results of operations”.

Of course, the filing also cites other dangers like the possibility of new legislation restricting Facebook’s ability to collect data about minors, complaining that such legislation “may also lead to limitations on our advertising services or our ability to offer products and services to minors in certain cases”. jurisdictions”.

And further, “We are, and expect to continue to be, the subject of inquiries, investigations, data requests, information requests, actions and audits by government authorities and regulators in the United States, Europe and around the world, particularly in the areas of privacy, data protection, law enforcement, consumer protection, civil rights, moderation of content and competition.”

“Orders issued by, or investigations or enforcement actions initiated by, government or regulatory authorities could cause us to incur substantial costs, civil and criminal liability or unforeseen penalties (including monetary remedies material), discontinue or require us to change our business practices in a manner materially adverse to our business, cause negative publicity and reputational damage, divert management resources, time and attention from our business , or subject us to other structural or behavioral remedies that adversely affect our business.”

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