Well – well and well! Isn’t it a beauty that everyone else but those at Meta didn’t see this coming? Or would you say this is a case of the sh*tter not being able to smell his Sh*t?
There had been talks for a long time that was coming with a sledgehammer on Meta – but until this moment a lot of people at Silicon Valley thought it was just one of those speculations that the Valley has come to know so well.
Not any more – the hammer has fallen and has fallen real hard on Meta.
The European Union slapped Meta with a record $1.3 billion over privacy. Yes you can repeat after me – PRIVACY! Something the world sure can’t have enough of.
Meta has also been asked, sorry, ordered to stop the transfer of user data across the Atlantic by October. This is part of the latest salvo spanning over and was triggered by the United States, cyber-snooping fears.
This is the biggest fine anywhere in Europe since EU’s strict data privacy era came into effect half a decade ago.
Prior to this sledgehammering, Meta had warned that services for its European users could be cut off. The American giant corporation wasted no time in appealing the decision – asking the courts to immediately put a hold to the decision.
“There is no immediate disruption to Facebook in Europe,” the company said.
“The decision is flawed, unjustified and sets a dangerous precedent for the countless other companies transferring data between the EU and the U.S.,” Nick Clegg, Meta’s president of global affairs, and Chief Legal Officer Jennifer Newstead said in a statement.
What Federal Character is asking is; does this mean Meta will be careful with our data going forward? – Time will tell.
