EU Privacy Regulators Fine Meta Record $1.3 Billion

May 22, 2023 European Union, Social Media

Meta has been fined a record 1.2 billion euro ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S. The decision links back to a case brought by Austrian privacy campaigner Max Schrems who argued that the framework for transferring EU citizen data to America did not protect Europeans from U.S. surveillance.

The latest such iteration, Privacy Shield, was struck down by the European Court of Justice, the EU’s top court, in 2020. The 1.2 billion euro punishment for Meta is the highest any company has ever been fined for breaching GDPR. The previous largest fine was a 746 million euros charge for e-commerce giant Amazon for breaching GDPR in 2021.

Read the full article. Meta says it will appeal.

Meta fined a record $1.3 billion over EU user data transfers to the U.S. https://t.co/twZhhlQOW6

— CNBC (@CNBC) May 22, 2023