Is Instagram and Facebook at risk of shutting down in Europe?

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Hidden in the Annual Report submitted by Meta, Facebook’s parent, to the US regulator (SEC), is the company’s warning that the Facebook and Instagram platforms could be stopped for European users.

According to Spotmedia, the clarification comes in the conditions in which, at present, the European laws for data protection do not allow Meta to keep the data of the Europeans on servers in the USA, writes CityAM.

Meta claims that the company’s ability to process data from different countries is crucial for business, both operationally and for ad sales, a significant segment of the US giant’s revenue.

European data protection laws govern the retention of EU data under EU jurisdiction.

“If we are unable to transfer data between the countries and regions in which we operate, or if we are restricted from transmitting data between our products and services, our ability to provide those services and our ability to provide those services may be affected. services and our ability to target ads, ”Meta wrote in the report.

“Most likely, we will not be able to offer our most important products in Europe, such as Facebook or Instagram,” the report said.