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Meta Renews Warning to EU It Will Be Forced to Pull Facebook

  • European regulators are currently re-working data regulations
  • Company said exit may be option if it couldn’t rely on rules
Bloomberg business news
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Meta Platforms Inc. has once again threatened to pull Facebook and Instagram from Europe if it is unable to keep transferring user data back to the U.S., amid negotiations between regulators to replace a scrapped privacy pact.

European Union regulators have for months been stuck in negotiations with the U.S. to replace a transatlantic data transfer pact that thousands of companies relied on, but which got struck down by the EU Court of Justice in 2020 over fears citizens’ data isn’t safe once shipped to the U.S.