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

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

Bloomberg2022-02-08

European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...

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Comment（19）

Nebhol
·2022-02-08
Cool
Reply
1
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Gee1
·2022-02-08
great
Reply
1
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MrTig3r
·2022-02-08
power
Reply
1
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Bodoh
·2022-02-08
Then pull... I'd love to see you pull
Reply
2
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yeelyn18
·2022-02-08
Kk
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2
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Jontrade
·2022-02-08
Another news to short the company
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2
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Tj23
·2022-02-08
Wow
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2
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自由一夏
·2022-02-08
The data concern not only for fb and ig. All other platforms also will have security concern. Unless like China only use their own app.
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2
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PearlynCSY
·2022-02-08
U.S. agencies such as the NSA can theoretically ask internet companies like Facebook and Google to hand over data on an EU citizen. Hence, it is only appropriate that Regulators in Europe are currently drawing up new legislation that will dictate how EU citizens’ user data gets transferred across the Atlantic.
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3
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Ghtan
·2022-02-08
Pls like
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2
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MHh
·2022-02-08
Data data... increasingly sensitive. Individuals want their privacy, national governments fear loss of security...
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4
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redhoperoi
·2022-02-08
no facebook and ig then influencers how?
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2
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gifftake
·2022-02-08
Facebook's era is really over now. Their platforms are dated and they have little new content. Whatever they are trying to buy is also blocked.
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2
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Ku9787
·2022-02-08
Gg
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1
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ZenInv
·2022-02-08
The increasing case for a divided world
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1
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Zhangg
·2022-02-08
😲
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3
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WarisHeng
·2022-02-08
Ok
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2
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pet
·2022-02-08
Pls like
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2
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traveleat123
·2022-02-08
Oh no...
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1
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Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. 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The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096917592,"gmtCreate":1644280980589,"gmtModify":1676533907659,"author":{"id":"3555136548043615","authorId":"3555136548043615","name":"Gee1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3555136548043615","authorIdStr":"3555136548043615"},"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096917592","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096915772,"gmtCreate":1644280751272,"gmtModify":1676533907619,"author":{"id":"3584333947690568","authorId":"3584333947690568","name":"MrTig3r","avatar":"https://static.tigerbbs.com/b99cfe4b0a492018c40761a39a193aa8","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3584333947690568","authorIdStr":"3584333947690568"},"htmlText":"power","listText":"power","text":"power","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096915772","repostId":1131381579,"repostType":2,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096997742,"gmtCreate":1644279196329,"gmtModify":1676533907113,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559859558754319","authorIdStr":"3559859558754319"},"htmlText":"Then pull... I'd love to see you pull","listText":"Then pull... I'd love to see you pull","text":"Then pull... I'd love to see you pull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096997742","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096992391,"gmtCreate":1644278909005,"gmtModify":1676533907060,"author":{"id":"3574914526090483","authorId":"3574914526090483","name":"yeelyn18","avatar":"https://static.tigerbbs.com/ae47c3e96729c68a0234dd22850dfe69","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574914526090483","authorIdStr":"3574914526090483"},"htmlText":"Kk","listText":"Kk","text":"Kk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096992391","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096996231,"gmtCreate":1644278824079,"gmtModify":1676533907018,"author":{"id":"4092282490520410","authorId":"4092282490520410","name":"Jontrade","avatar":"https://community-static.tradeup.com/news/5767f142105b88991718ef0695bf89df","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4092282490520410","authorIdStr":"4092282490520410"},"htmlText":"Another news to short the company","listText":"Another news to short the company","text":"Another news to short the company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096996231","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096990285,"gmtCreate":1644278344796,"gmtModify":1676533906901,"author":{"id":"3571780042589602","authorId":"3571780042589602","name":"Tj23","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571780042589602","authorIdStr":"3571780042589602"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096990285","repostId":1131381579,"repostType":2,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096907717,"gmtCreate":1644278242064,"gmtModify":1676533906892,"author":{"id":"4099273470759160","authorId":"4099273470759160","name":"自由一夏","avatar":"https://static.tigerbbs.com/a2bf7eb258d4284ce8547496a37ac30f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4099273470759160","authorIdStr":"4099273470759160"},"htmlText":"The data concern not only for fb and ig. All other platforms also will have security concern. Unless like China only use their own app.&nbsp;","listText":"The data concern not only for fb and ig. All other platforms also will have security concern. Unless like China only use their own app.&nbsp;","text":"The data concern not only for fb and ig. All other platforms also will have security concern. Unless like China only use their own app.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096907717","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096907851,"gmtCreate":1644278217375,"gmtModify":1676533906877,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4092458811577680","authorIdStr":"4092458811577680"},"htmlText":"U.S. agencies such as the NSA can theoretically ask internet companies like Facebook and Google to hand over data on an EU citizen. Hence, it is only appropriate that Regulators in Europe are currently drawing up new legislation that will dictate how EU citizens’ user data gets transferred across the Atlantic.","listText":"U.S. agencies such as the NSA can theoretically ask internet companies like Facebook and Google to hand over data on an EU citizen. Hence, it is only appropriate that Regulators in Europe are currently drawing up new legislation that will dictate how EU citizens’ user data gets transferred across the Atlantic.","text":"U.S. agencies such as the NSA can theoretically ask internet companies like Facebook and Google to hand over data on an EU citizen. Hence, it is only appropriate that Regulators in Europe are currently drawing up new legislation that will dictate how EU citizens’ user data gets transferred across the Atlantic.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096907851","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096904540,"gmtCreate":1644278164207,"gmtModify":1676533906854,"author":{"id":"3553589672555235","authorId":"3553589672555235","name":"Ghtan","avatar":"https://static.tigerbbs.com/cc1760b696bc33ae7adab116832dab9e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3553589672555235","authorIdStr":"3553589672555235"},"htmlText":"Pls like&nbsp;","listText":"Pls like&nbsp;","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096904540","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096902559,"gmtCreate":1644277955741,"gmtModify":1676533906823,"author":{"id":"4091758936365950","authorId":"4091758936365950","name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"4091758936365950","authorIdStr":"4091758936365950"},"htmlText":"Data data... increasingly sensitive. Individuals want their privacy, national governments fear loss of security...","listText":"Data data... increasingly sensitive. Individuals want their privacy, national governments fear loss of security...","text":"Data data... increasingly sensitive. Individuals want their privacy, national governments fear loss of security...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096902559","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096901127,"gmtCreate":1644277663598,"gmtModify":1676533906744,"author":{"id":"3577142829713619","authorId":"3577142829713619","name":"redhoperoi","avatar":"https://static.tigerbbs.com/d6fd73297bf89cd3842f45eae4a620ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577142829713619","authorIdStr":"3577142829713619"},"htmlText":"no facebook and ig then influencers how?","listText":"no facebook and ig then influencers how?","text":"no facebook and ig then influencers how?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096901127","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096901945,"gmtCreate":1644277651626,"gmtModify":1676533906739,"author":{"id":"4090933360087720","authorId":"4090933360087720","name":"gifftake","avatar":"https://static.tigerbbs.com/02761f373dd00233ca1524f5c76e2064","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4090933360087720","authorIdStr":"4090933360087720"},"htmlText":"Facebook's era is really over now. Their platforms are dated and they have little new content. Whatever they are trying to buy is also blocked.","listText":"Facebook's era is really over now. Their platforms are dated and they have little new content. Whatever they are trying to buy is also blocked.","text":"Facebook's era is really over now. Their platforms are dated and they have little new content. Whatever they are trying to buy is also blocked.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096901945","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096903801,"gmtCreate":1644277591185,"gmtModify":1676533906727,"author":{"id":"3581947337293370","authorId":"3581947337293370","name":"Ku9787","avatar":"https://static.tigerbbs.com/673e038dbe2974017866e5beb5d79032","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3581947337293370","authorIdStr":"3581947337293370"},"htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096903801","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096075063,"gmtCreate":1644277176765,"gmtModify":1676533906529,"author":{"id":"4098783902581330","authorId":"4098783902581330","name":"ZenInv","avatar":"https://community-static.tradeup.com/news/033bd47e3df1977aaef462f53997e9f1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4098783902581330","authorIdStr":"4098783902581330"},"htmlText":"The increasing case for a divided world","listText":"The increasing case for a divided world","text":"The increasing case for a divided world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096075063","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096076180,"gmtCreate":1644276992027,"gmtModify":1676533906495,"author":{"id":"4100174087005350","authorId":"4100174087005350","name":"Zhangg","avatar":"https://static.tigerbbs.com/ae149245552af892e521b49a58825c28","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100174087005350","authorIdStr":"4100174087005350"},"htmlText":"😲","listText":"😲","text":"😲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096076180","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096071841,"gmtCreate":1644276799914,"gmtModify":1676533906455,"author":{"id":"4089459519603980","authorId":"4089459519603980","name":"WarisHeng","avatar":"https://static.tigerbbs.com/f152c428f94eef79d97567fa3c7400da","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089459519603980","authorIdStr":"4089459519603980"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096071841","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096073953,"gmtCreate":1644276675409,"gmtModify":1676533906423,"author":{"id":"3574914454410809","authorId":"3574914454410809","name":"pet","avatar":"https://static.tigerbbs.com/d8bb8cf9a25355b93399ce59a269665b","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574914454410809","authorIdStr":"3574914454410809"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096073953","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9096073035,"gmtCreate":1644276670340,"gmtModify":1676533906423,"author":{"id":"4098682592538030","authorId":"4098682592538030","name":"traveleat123","avatar":"https://community-static.tradeup.com/news/97a95205f615c20a20177e08a1f0cd4e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4098682592538030","authorIdStr":"4098682592538030"},"htmlText":"Oh no...","listText":"Oh no...","text":"Oh no...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096073035","repostId":1131381579,"repostType":4,"repost":{"id":"1131381579","pubTimestamp":1644276330,"share":"https://ttm.financial/m/news/1131381579?lang=&edition=fundamental","pubTime":"2022-02-08 07:25","market":"us","language":"en","title":"Meta Renews Warning to EU It Will Be Forced to Pull Facebook","url":"https://stock-news.laohu8.com/highlight/detail?id=1131381579","media":"Bloomberg","summary":"European regulators are currently re-working data regulationsCompany said exit may be option if it c","content":"<html><head></head><body><ul><li>European regulators are currently re-working data regulations</li><li>Company said exit may be option if it couldn’t rely on rules</li></ul><p>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.</p><p>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.</p><p>In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”</p><p>Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.</p><p>“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.</p><p>The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.</p><p>“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.</p><p>The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.</p><p>“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.</p><p><b>Intensifying Discussions</b></p><p>Privacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.</p><p>In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.</p><p>Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.</p><p>“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.</p><p>It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.</p><p>The company has also previously affirmed its commitment to Europe.</p><p>Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Renews Warning to EU It Will Be Forced to Pull Facebook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Renews Warning to EU It Will Be Forced to Pull Facebook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-08 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta Platforms Inc. has once again threatened to pull Facebook and Instagram ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-02-07/meta-may-pull-facebook-instagram-from-europe-over-data-rules?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131381579","content_text":"European regulators are currently re-working data regulationsCompany said exit may be option if it couldn’t rely on rulesMeta 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.In its annual report published Thursday, Meta said that if it couldn’t rely on new or existing agreements -- such as so-called standard contractual clauses -- to shift data, then it would “likely be unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe.”Meta has already warned in its previous annual report that if it is not allowed to use standard contractual clauses, it would be “unable to operate” parts of its business in Europe, without naming its two key social media platforms.“We have absolutely no desire and no plans to withdraw from Europe, but the simple reality is that Meta, and many other businesses, organizations and services, rely on data transfers between the EU and the US in order to operate global services,” a Meta spokesman said in an emailed statement.The latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data. The stock suffered a 26% plunge Thursday over fears about Facebook’s outlook, which produced the biggest value wipeout in stock market history. Meta shares fell as much as 4.5% in trading in New York on Monday.“Digital giants must understand that the European continent will resist and affirm its sovereignty,” French Finance Minister Bruno Le Maire said in Paris on Monday.The European Commission said data transfer negotiations with Washington have intensified, but they “take time given also the complexity of the issues discussed and the need to strike a balance between privacy and national security,” a commission spokesperson wrote in a statement to Bloomberg on Monday.“Only an arrangement that is fully compliant with the requirements set by the EU court can deliver the stability and legal certainty stakeholders expect on both sides of the Atlantic,” the spokesperson added.Intensifying DiscussionsPrivacy campaigner Max Schrems has long been challenging Facebook in the Irish courts -- where the social media company has its European base -- arguing that EU citizens’ data is at risk the moment it gets transferred to the U.S.In 2020, Facebook sought a judicial review of the Irish Data Protection Commission’s preliminary decision that the company may have to halt trans-Atlantic data transfers using standard contractual clauses.An Irish court last year rejected the social network’s challenge, saying it didn’t establish “any basis” for calling into question the Irish watchdog’s findings.Data protection authorities are increasingly scrutinizing these kinds of supplementary security measures that have allowed companies to send data back and forth in the absence of a new agreement, according to Patrick Van Eecke, a partner and head of cyber and data at law firm Cooley LLP.“I am not surprised companies outside of Europe are reconsidering whether or not it makes sense to continue offering services to the European market as there are not many options left any longer,” said Van Eecke.It is not the first time Facebook has threatened to withdraw its services. In 2020 it said it plans to block people and publishers in Australia from sharing news, in an attempt to push back against a proposed law forcing the company to pay media firms for their articles.The company has also previously affirmed its commitment to Europe.Nick Clegg, the company’s head of global affairs, said at an event in 2020: “Let me also be absolutely crystal clear. We have absolutely no desire, no wish, no plans to withdraw our services from Europe. Why would we?”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":243,"commentSize":19,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}