Tech
Meta faces ‘colossal’ fine from data protection body
Insiders say the Facebook owner may also have to halt data transfers from the EU to its US servers
Facebook-owner Meta faces a “colossal” fine from the Data Protection Commission (DPC) in the coming weeks, industry insiders have told the Business Post.
More significantly for the company, insiders said that the possibility that the company will have to halt data transfers from the EU to its US servers is “very real”.
The tech giant itself indicated it was expecting significant action from the DPC last week when Susan Li, Meta’s chief financial officer, said ...