Current:Home > StocksAlgosensey Quantitative Think Tank Center-Meta hit with record $1.3 billion fine by EU over handling of Facebook users' personal data -InvestPioneer
Algosensey Quantitative Think Tank Center-Meta hit with record $1.3 billion fine by EU over handling of Facebook users' personal data
PredictIQ View
Date:2025-04-09 08:14:20
London — Meta was fined the equivalent of a record $1.3 billion by the European Union on Algosensey Quantitative Think Tank CenterMonday for its transfer of users' personal data from Europe to the United States.
Andrea Jelinek, chair of the European Data Protection Board (EDPB), said Meta's infringement was "very serious since it concerns transfers that are systematic, repetitive and continuous."
"Facebook has millions of users in Europe, so the volume of personal data transferred is massive," Jelinek said in a statement. "The unprecedented fine is a strong signal to organizations that serious infringements have far-reaching consequences."
Meta was also ordered to bring its data transfers into compliance with European privacy law. It was given five months to stop transferring EU users' data to the United States and six months to stop storing European citizens' personal data in the U.S. that had previously been transferred in violation of EU privacy regulations, the Financial Times newspaper reported.
The tech giant said it would appeal the ruling and argued there was a problematic clash between U.S. and European privacy regulations.
"Without the ability to transfer data across borders, the internet risks being carved up into national and regional silos, restricting the global economy and leaving citizens in different countries unable to access many of the shared services we have come to rely on," Meta said in a statement.
The decade-long battle over where Facebook data is stored began after the disclosures of former National Security Agency contractor Edward Snowden prompted an Austrian privacy campaigner to bring a legal challenge over possible U.S. intelligence gathering in Europe, the Reuters news agency reported.
Last month, Meta said that it expected a new agreement over EU-US data transfers to come into effect before it has to suspend them, Reuters reported.
- In:
- Meta
Haley Ott is an international reporter for CBS News based in London.
TwitterveryGood! (28479)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Energizing South Carolina’s Black voters is crucial to Biden as campaign looks ahead to swing states
- Carl Weathers, actor who starred in Rocky and Predator, dies at age 76
- Atmospheric river expected to bring life-threatening floods to Southern California
- Federal hiring is about to get the Trump treatment
- News website The Messenger shuts down after 8 months. See more 2024 media layoffs.
- Michigan school shooter’s mom could have prevented bloodshed, prosecutor says
- 'No words': Utah teen falls to death after cliff edge crumbles beneath him
- Rylee Arnold Shares a Long
- Lawsuit says Tennessee hospital shouldn’t have discharged woman who died, police should have helped
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Tennessee plans only one year of extra federal summer food aid program for kids
- U.K. bans American XL bully dogs after spate of deadly attacks
- Edmonton Oilers star Connor McDavid wins $1 million prize at All-Star skills competition
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Groundhog Day 2024: Trademark, bankruptcy, and the dollar that failed
- Olivia Culpo Reacts After Christian McCaffrey's Mom Says They Can't Afford Super Bowl Suite
- Alyssa Milano slams people trolling her son over sports team fundraiser: 'Horrid'
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Save 30% on Kristin Cavallari's Uncommon James Jewelry + Free 2-Day Shipping in Time for Valentine's Day
Report: Feds investigating WWE founder Vince McMahon sex-trafficking allegations
Joel Embiid set to miss more games with meniscus injury, 76ers say
Average rate on 30
Extreme heat, wildfire smoke harm low-income and nonwhite communities the most, study finds
Tom Hollander remembers late 'Feud' co-star Treat Williams: 'We haven't really mourned him'
Bernhard Langer suffers Achilles tendon tear, likely to miss his final Masters