Mark Zuckerberg, CEO of Meta, the umbrella company of Instagram and Facebook, said that they may have to withdraw their social media platforms from European countries due to the harsh regulations implemented by the EU. Two top politicians responded to Zuckerberg’s threat.
one of the largest economies in the European Union Robert Habeck, Germany’s Minister of Economy and French Finance Minister Bruno Le Mairestated that they do not care about Meta’s threat. In their statements, both ministers emphasized that Europe will not back down and digital giants should understand this.
Mark Zuckerberg threatened to close Facebook and Instagram!
According to the news, Meta may decide to close Facebook and Instagram if the EU does not step back. Here are the details…
“Life goes without Instagram and Facebook”
German Economy Minister Robert Habeck said he hasn’t used Facebook for four years already because his account was hacked. Since that day his life has been wonderful Adding Habeck, reminding the economic and market size of the EU, he stated that they are not afraid of Meta’s threat.
French Finance Minister Bruno Le Maire also made statements supporting Robert Habeck. Le Maire stated that life would continue without Facebook. also You can live just fine without Facebook he added.
On the basis of the tension between the commodity and the European Union: There is the issue of data privacy. As it is known, the servers of Facebook, Instagram and WhatsApp (user data, naturally) are in the USA, the homeland of the company. However, according to the latest regulation that Europe is working on, digital companies, user data at EU borders will have to hold on.
Meta said in its Securities and Exchange Commission annual report that if they are unable to transfer data between the countries and regions in which they operate, their ability to deliver their services will be adversely affected. Therefore that they may become unable to offer some of their products in Europe, including Facebook and Instagram. had stated.
“We urge regulators to take a proportional and pragmatic approach to minimize disruption to thousands of businesses that rely in good faith on mechanisms like Facebook to securely transfer data,” company management said in a further statement. He appealed to the European Union.
According to the statements of the Finance Ministers of France and Germany, the EU is determined not to back down. On the other hand, the Meta front has not yet said that it will comply with the new regulation of Europe. It will be clear in the coming days where the tension between the two will reach.