For many it could be hopeful news, for others less: social networks Facebook and Instagram could close in Europe. It would be great news for those who are fed up with the world of social media, who even if born with benevolent purposes today in many respects can be considered almost a bad thing because for the managers of these platforms now only money counts, because they have become data capture services of the people who use them and why they have become more a means to let off steam than anything else. And it is no coincidence that the issue that could turn off the services owned by Meta (formerly Facebook) in Europe, such as Facebook and Instagram, is precisely the management of user data.
As reported by Bloombergin its annual report published Thursday and destined for the Securities and Exchange Commission, Meta states that in the absence of agreements or standard contractual clauses (Standard Contractual Clauses) that allow it to move user data from its servers in Europe to its own in the States United then probably will not be able to “to offer some of our most significant products and services, including Facebook and Instagram, in Europe, which would materially and adversely affect our business, financial condition and results of operations.” In fact, the most recent rules in the EU require companies to manage European user data on servers located in Europe.
Translated, the full paragraph of the document follows:
From what we learn from the note in the document, it seems that the fate of Facebook, Instagram and other Meta services in the countries of the European Union will greatly depend on how the ongoing investigation into the reliance that Meta Platforms Ireland makes to the clauses ends. contractual standards to be able to transfer user data from the European Union to the United States, which may not be compliant with the GDPR. Survey that should be completed “in the first half of 2022”.