Zuckerberg bargaining Europeans and threatens to close Facebook in Europe

Problems seem to be stalking Meta after last week, its financial report showed a sharp drop in its shares by 25% after the social media giant lost daily active users for the first time in its history.

Observers believe that Meta company “Facebook”, as it was called in the past, is now behaving arrogantly in front of governments and regulators, and its presumption that no one can abandon it has caused historical losses to the company and its founder, Mark Zuckerberg.

In the latest developments in this regard, Meta, which owns Facebook and Instagram, has threatened that it may have to shut down the two social networks across Europe if it cannot continue to transfer user data to the United States.

Meta emphasized that processing user data between countries is critical to her for business targeting and advertising.

“If we are unable to transfer data between the countries and regions in which we operate, or if data sharing between our products and services is restricted, it may affect our ability to provide our services, the way we provide our services, or our ability to target ads”.

In official language that carried a sound of a threat, Meta made it clear that it was optimistic about reaching a new agreement this year with European authorities, but if it doesn’t happen it “is likely that we will not be able to offer a number of our most important products and services, including Facebook and Instagram in Europe”.

The root of this problem is that Meta was previously able to use a data transfer framework called the Privacy Shield as a legal basis for transatlantic data transfers.

But in July 2020, the European Court of Justice annulled the treaty due to data protection violations.

The bloc’s highest legal authority noted that the standard did not adequately protect the privacy of European citizens.

As a result of this decision, US companies were restricted from sending European user data to the US and had to rely on standard contractual clauses to do so.

Nick Clegg, Meta Vice President for Global Affairs and Communications, warned that “limiting data transfers in a secure and legal manner would damage the economy and stunt the growth of data-driven businesses in the EU”.

Without Facebook and Instagram, many companies in the European Union would be hurt, Clegg said.

“We urge regulators to adopt a proportionate and pragmatic approach to minimizing disruptions that will affect the thousands of companies that, like Facebook, have been relying on these mechanisms in good faith to transmit data in a safe and secure manner,” he told the London newspaper.

Share it...
Live Updates COVID-19 CASES