EU expected to fine Facebook record

The penalty by EU regulators will be higher than the previous record set for a social media platform, Reuters reports, citing two anonymous sources.

Amazon was previously fined 746 million for violating EU privacy standards.

Regulators, led by the Irish Data Protection Commission (DPC), are expected to issue a decision Monday morning that will order Facebook to stop using “complex legal tools” to move EU data to the US.

Concerns have been raised about trans-Atlantic data streams, as it could expose Europeans to weaker US privacy laws.

Last year, Facebook threatened to suspend its services in Europe if it was banned from using the data transfer mechanism.

In late April, Meta published its first quarter financial results, acknowledging that a decision from the Irish Data Protection Commission is required in May.

“Our ongoing consultations with policymakers on both sides of the Atlantic continue to show that the proposed new EU-US Data Privacy Framework will be fully implemented before the deadline for suspending such transfers, but we cannot rule out the possibility of that,” the statement said.

We will also assess whether and to what extent the IDPC decision would otherwise affect our data processing operations, even after a new data privacy framework comes into effect.”

In January, the California-based company was fined 390m euros by Ireland’s DPC for forcing users to accept personalized ads, in violation of EU privacy rules.

Besides the fine, Meta was also banned from forcing users to sign up for such ads.

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