Meta, the artist formerly known as Facebook, recently warned that it would shutter both Instagram and Facebook in Europe if a new data standardization process for sharing data back to its U.S. mothership could not be agreed upon. "If a new transatlantic data transfer framework is not adopted and we are unable to continue to rely on SCCs (standard contractual clauses) or rely upon other alternative means of data transfers from Europe to the United States, we will likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe," Meta said.
New EU Data Standards Threatening Meta's European Presence
