Big Tech, ad industry bracing for Meta data transfer decision
By Neil Hodge2023-05-04T20:21:00
Meta and other Big Tech firms will learn next week if they might be prevented from transferring the personal data of European citizens to the United States in the way they do now.
At the heart of the inquiry is whether Meta can maintain data transfers between the European Union and the United States using standard contractual clauses. If not, the company will face a potential EU service blackout until a legal transfer mechanism is adopted—namely, a new data transfer framework expected to be finalized and put into operation soon, though no firm deadline has been given.
In its first-quarter results statement released April 26, Meta said it expects the Irish Data Protection Commission (DPC) to issue it a fine and suspension order when it publishes its decision in the case due by May 12.