Recently, European Union officials responded to the threatening statements presented by Meta in the SEC report. Authorities stated that there could be a Europe without Facebook and Instagram.
Meta, the umbrella company of Facebook and Instagram, included statements that set the agenda in the world in the report it submitted to the US Securities and Exchange Commission the other day. The company expressed its complaints about the Schrems II decision, which is valid in the European Union and aims to protect the data of European citizens, and if there is no new regulation. may withdraw from the European Union. pointed.
The company’s response to the threat of withdrawal from the EU came today without delay. Speaking about the threat to the European Union, the two officials said, that they were not affected at all by this threat.even the reason why Meta pulls Instagram and Facebook out of Europe it might even be good made statements stating.
“Digital giants must understand the dominance of the European continent”
German Economy Minister Robert Habeck and French Economy and Finance Minister Bruno Le Maire stated that Europe would be fine without Facebook and Instagram. Habeck stated that he lived without Twitter and Facebook for 4 years after being hacked. your life has been amazing expressed.
If Le Maire “I can say that life is very beautiful without Facebook and we will live very well without Facebook. Digital giants, It must understand that the continent of Europe will resist and affirm its sovereignty.“ used the phrases. On the other hand, a new statement came from a Meta spokesperson on the subject.
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A spokesperson for Meta told CNBC that the company currently has no desire or plans to exit the European market. Also, Meta’s similar data privacy discussions. mentioned in previous reports. added. However, the spokesperson stressed that Meta and all other US companies depend on data transfer between the EU and the US. Meta emphasizes that in the report, if data transfer is prevented, the business, financial condition and operations will be badly affected he had said.
Source :
https://appleinsider.com/articles/22/02/07/eu-lawmakers-unfazed-by-metas-threat-that-it-would-pull-out-of-europe