Dublin: Meta (META.O) was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union (EU) for its handling of user information and given five months to stop transferring users’ data to the United States.
The fine imposed by Ireland's Data Protection Commissioner (DPC) concerned Meta's continued transferring of personal data topped the previous 746 million euro record EU privacy fine by Luxembourg on Amazon.com Inc (AMZN.O) in 2021, according to a DPC statement on Monday.
Meta said in a statement that it will appeal the ruling, including the "unjustified and unnecessary fine", and seek a stay of the orders through the courts.
The long-running battle over where Facebook stores its data began a decade ago after Austrian privacy campaigner Max Schrems brought a legal challenge over the risk of U.S. snooping in light of disclosures by former U.S. National Security Agency contractor Edward Snowden.
Meta said last month it expected a new pact facilitating the safe transfer of EU citizens' personal data to the United States would be fully implemented before it has to suspend transfers.
That would mean its previous warning that a stoppage could force it to suspend Facebook services in Europe would not come to pass.
Officials have said the new data protection framework - agreed by the European Union and U.S government in March 2022 - may be ready by July, but Meta also cautioned that there is a chance it might not be ready in time.
How AI can make history
Cox Communications won’t have to pay $1 billion to record labels after all
Light rain-wind/thunderstorm likely at isolated places in upper KP, GB, Kashmir
FBR working on extension of EFS to whole textile value chain: chief collector
Irrational use aggravating water crisis: DG Aab-e-Pak
Pakistan, Saudi Arabia agree to enhance bilateral trade
Winter activity and political turmoil!
Government, opposition and public!
Present regime and dengue!
The repetition of history and the hidden sciences!
Whispers, rumors and rulers' narrative!
The Supreme Court announced Historical Decision | Breaking News | GNN
LIVE | PTI Lawyer Shoaib Shaheen Important Media Talk | GNN
Rana Sana Ullah big Offer to PTI | PMLN Surprised | GNN
LIVE | Mayor Karachi Important Media Talk | GNN
Imran Khan GOVT Confirm | Chief Justice In Action | News Headlines | 05 PM | 21 February 2024 | GNN
Supreme Court Reserved Big Decision | Breaking News | GNN
Sports 23 hours ago
Messi, Inter Miami consensus betting MLS faves
Health 2 days ago
New virus in Karachi as weather changes
Sports 2 days ago
Hamilton: Mercedes farewell year feels 'surreal'
Sports 1 day ago
PSL 9: Multan Sultans beat Islamabad United by five wickets
Sports 12 hours ago
PSL 9: Karachi Kings beat Peshawar Zalmi by seven wickets
Pakistan 2 days ago
PPP to appoint Murad Ali Shah as CM Sindh again
Sports 8 hours ago
PSL 9: Sultans beat Qalandars by five wickets
Pakistan 1 day ago
PTIP withdraws from reserved seats for women