Disaster may also stop on Facebook

 

Challenges are increasing in Europe for Facebook's parent company Meta, after which the company may shut down some of its services there.  According to reports, Meta reported in its annual report that if the company does not get the option to transfer, store and process the data of its European users on US-based servers, then services like Facebook and Instagram may have to be closed in Europe.  At present, strict measures are being taken regarding data transfer in Europe.  Till now companies were getting the option of data transfer through Privacy Shield and other model agreements.  Meta was storing the data of European users on US servers with the help of these, but this law has been invalidated in the past.  What is the problem of Meta?  According to media reports, in its latest report to the US Securities and Exchange Commission, Meta has told that if a new framework is not developed or they are not allowed to use the existing model, then the company will not be able to provide services like Facebook and Instagram in Europe.  Previously, companies were using the Privacy Shield Act to transfer European data to US servers.  However, in July 2020, the European Court has canceled it.  Now it remains to be seen what necessary steps meta takes in its defense.