Zuckerberg in Trouble
Image by- WIRED
In October of last year, Facebook was renamed Meta, and the corporation is now known as Meta. Mark Zuckerberg, the CEO of Meta, has stated that he wants the world to know his company as a metaverse, not simply as Facebook, but the public appears to dislike the new moniker. Even with the new name, the corporation is still mired in controversy.
Zuckerberg in Trouble
Image by- The Guardian
In a statement, Meta stated that if it is not permitted to exchange data from European customers with other nations, it will be forced to cease operations. Meta has stated that its services are harmed as a result of users' refusal to give their data. The company displays advertising to consumers based on user data.
Meta has stated that it will accept the new 2022 terms, but that if the data transfer facility is not accessible, it will be forced to shut down many of its services, including Facebook and Instagram. Let us remind you that until recently, Meta Europe users' data was housed on a US server, but data sharing is now forbidden under the new terms.
Meta
Image by- Reuters
Meta has informed the Securities and Exchange Commission that it will be forced to stop providing services to European users unless a new framework is created as soon as possible. Users' data should not be stored in Europe, according to EU law, whereas META requires authorization to share users' data. Zuckerberg wants European users' data to be stored on American servers as well.
Let us remind you that before July 2020, European data was sent to US servers under the Privacy Shield Act, which was repealed by the European Court. Meta is also employing Standard Contractual Clauses to keep European users' data on US servers, in addition to Privacy Shield, although this is also being investigated in numerous countries, including Europe.
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