“I’m not going anywhere…” Mark Zuckerberg sneezes after the noise caused by the news that Meta (ie the social networking platforms Facebook, Instagram, WhatsApp) threatens to leave Europe “unless a new transatlantic data transfer framework is approved and we are not able to continue to rely on SCCs or other alternative means of data transfer from Europe to the United States. ”
“Meta is by no means a threat “and has absolutely no desire to leave Europe,” the company said in a statement, but left hints about the issue with the personal data that arose.
“There have been reports in the press that we ‘threaten’ to leave Europe because of the uncertainty about the data transfer mechanisms between the EU and the US. That’s not true, “the company said in a statement issued Tuesday.
“Like all listed companies, we are legally bound to communicate significant risksto our investors. Last week, as we did in the previous four financial quarters, we revealed that the continuing uncertainty about data transfer mechanisms between the EU and the US poses a threat to our ability to serve European consumers and operate our services in Europe. Is emphasized.
However, as Meta explains, “we do not want to withdraw from Europe under any circumstances. But the reality is that Meta, like many other companies, organizations and services, relies on data transmission between the EU and the US to make our global services work. We are not alone. “At least 70 other companies from a wide range of industries, including ten European companies, have also been exposed to the risks associated with data transmissions in their earnings reports.”
According to Meta, for many years, the legal framework that supports data transfer across the Atlantic “Faces serious disorders” . The Safe Harbor agreement was repealed by the European Court of Justice in 2015. Last summer the Privacy Shield used by more than 5,000 companies on both sides of the Atlantic was also annulled by the European Court of Justice. These decisions were made on the basis of the conflict between EU and US data protection laws.
“We want the fundamentals to be protected rights of EU users and we want the internet to continue to function as intended: without friction and in accordance with applicable laws, but without being restricted by national borders. Businesses need clear, global rules to protect transatlantic data flows in the long run, and like other companies in a wide range of industries, we closely monitor the potential impact on the millions of people and businesses that use our services as these developments progress. ” supports the social networking giant.
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