Facebook's parent company will have to pay the largest-ever fine issued under the world's strictest data protection rule.
Facebook parent Meta got hit with a $1.3 billion fine for violating the European Union’s strict data privacy rules after the company transferred data between Europe and the U.S.
“Facebook has millions of users in Europe, so the volume of personal data transferred is massive,” Jelinek said. “The unprecedented fine is a strong signal to organizations that serious infringements have far-reaching consequences.” Powell Street eyed for TLC by SF leaders City officials announced plans Tuesday to revitalize Powell Street in Union Square, which has seen an exodus of retailers
The EU decision was based on an inquiry by the Irish Data Protection Authority into how Facebook transferred data to the U.S. The inquiry began in 2020.
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