A quote hidden in the (sleeping) annual report that Phone Number List Meta has sent to the Securities Market Commission (SEC) has caused a real earthquake in the network of networks. In the aforementioned report, the group led by Mark Zuckerberg assures that "it will Phone Number List probably not be able to continue offering products and services such as Facebook and Instagram in Europe" . Such an eventuality would only occur, yes, if there were no legislation in Europe based on which Phone Number List Meta could transfer the data of its European users to its servers in the United States.
But is Zuckerberg really ready to withdraw his two Phone Number List most important platforms in Europe? Is this possibility a veiled threat to the European Union? Is it really possible that millions of Europeans will be left without Facebook and Instagram soon? What makes Phone Number List Meta uneasy, among other things, is a ruling by the Court of Justice of the European Union that abolished the legal framework for the transfer of data "Privacy Shield" and also a warning from the Irish Phone Number List Data Protection Commission.
If Meta were deprived of the possibility of sharing Phone Number List data between different regions, its advertising business would inevitably be affected , the company says in the report submitted to the SEC. However, and beyond the passage referring to a possible closure of Facebook and Instagram in Europe, Meta's latest annual report does not differ too much from the reports Phone Number List made to the SEC in other years , says Max Hoppenstedt in an article for Spiegel . From reading the report it can be deduced in any case that being confronted with stricter regulations regarding data privacy Phone Number List seems to be the main problem of Meta .