• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

As a critical EU ruling looms, Meta and Google risk data Armageddon.

NIsha Jain by NIsha Jain
February 20, 2022
in India News, News
0
Google

Google implements privacy updates identical Apple Source: Forbes

215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

According to privacy experts, the impending ruling could eliminate one of Meta’s only remaining choices, as well as those of hundreds of other organizations that rely on transferring massive volumes of commercial data over the Atlantic.
The strong warning from Meta Platforms Inc. of a withdrawal from Europe may be only the beginning, as one of the region’s major privacy watchdogs prepares a ruling that could stymie transatlantic data flows and cost tech titans billions of dollars in income.

You might also like

Apple Unveils MLX: Revolutionizing Machine Learning on Apple Silicon

DoorDash and Uber Eats Alter Tipping Approach Amidst New York City Minimum Wage Surge for Delivery Workers

Tata Motors Opposes Tax Cut on EV Imports Amid Tesla’s India Plans

Meta's VR platform grows by 10 times, hits 300,000 users
Credit: NDTV Gadgets

The Irish data protection authority, which polices the Silicon Valley tech behemoths that have flocked to the country, will soon rule on the legality of so-called standard contractual clauses used by Meta, Alphabet Inc.’s Google, and others to legally transfer vast amounts of user data to the United States for processing.

According to privacy experts, the impending ruling could eliminate one of Meta’s only remaining choices, as well as those of hundreds of other organizations that rely on transferring massive volumes of commercial data over the Atlantic.
In an interim ruling, the Irish authority questioned the constitutionality of the SCCs, stating they failed basic criteria of protecting European residents from the prying eyes of US agents.

Because of the uncertainty surrounding the verdict, Meta cautioned in its most recent annual report that it will “likely be unable” to offer services such as Facebook and Instagram in the EU if it is unable to employ SCCs.

There is no simple solution. Storing data in Europe may not be possible for any service reliant on global customer interactions, from gaming to video streaming, because European data standards apply to a person’s information regardless of where it is.

Meta’s business strategy, like Alphabet’s Google, is based on gathering enough data to determine what consumers might be interested in or want to buy and then serving them relevant adverts. The corporation is already restricted by Europe’s privacy restrictions, and a ban on SCCs would most likely make its business model more expensive and inefficient to operate.

“What’s at danger here are the entire data transfers to the United States and the services that rely on them,” said Johannes Caspar, a scholar who just resigned as one of Germany’s top data protection authorities.

Despite its latest comments in its annual report that it would “likely be unable” to offer Facebook and Instagram in Europe if regulators ruled that SCCs were unfeasible, Meta has also stated — most recently in a blog post that it is “absolutely not threatening to leave Europe,” a plea that Nick Clegg, now Meta’s leading policy executive, first made in September 2020.

“Ongoing uncertainty regarding data transfers affects a huge number of businesses and organizations in Europe and the United States,” a Meta spokeswoman stated in an emailed response.

“The basic truth is that we all rely on data transfers to run worldwide services.” “We require a long-term solution to EU-US data exchanges in order to keep people and economies connected and transatlantic trade protected,” they stated.

Google cited a January blog post by Kent Walker, the company’s head of global affairs, in which he called for a quick resolution to the impasse over a replacement for an EU-US privacy pact that was struck down by the EU’s top court in 2020 due to long-standing concerns that citizens’ data was vulnerable to American surveillance.

“The stakes are too high, and international trade between Europe and the United States is too crucial to the livelihoods of millions of people,” he said.

Tags: #metanewsGoogle
Tweet54SendShare15
NIsha Jain

NIsha Jain

Recommended For You

Apple Unveils MLX: Revolutionizing Machine Learning on Apple Silicon

by Harikrishnan A
December 8, 2023
0
Apple Unveils MLX: Revolutionizing Machine Learning on Apple Silicon

Apple's Pivot to AI with MLX Apple has just launched a a custom suite of open-source tools known collectively as the Apple MLX. They are planning to use...

Read more

DoorDash and Uber Eats Alter Tipping Approach Amidst New York City Minimum Wage Surge for Delivery Workers

by Harikrishnan A
December 8, 2023
0
DoorDash and Uber Eats Alter Tipping Approach Amidst New York City Minimum Wage Surge for Delivery Workers

Responding to a recent wage hike for app-based food delivery personnel in New York City, DoorDash and Uber Eats have released statements detailing substantial revisions to their tipping...

Read more

Tata Motors Opposes Tax Cut on EV Imports Amid Tesla’s India Plans

by Anochie Esther
December 8, 2023
0
Tata Motors

Tata Motors, a key player in the Indian automotive sector, is reportedly resisting calls for a 100% reduction in import taxes on electric vehicles (EVs), citing concerns about...

Read more
Next Post
European Union is open to cryptocurrency with modest regulations

European Union is open to cryptocurrency with modest regulations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Produce Read-Only or Write Protected USB Flash Drives with Nexcopy USB Duplicator Systems.

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
How To Redeem Codes in Fortnite

How To Redeem Codes in Fortnite

December 5, 2023
How to Get Ashenvale Mount Season of Discovery

How to Get Ashenvale Mount Season of Discovery

December 5, 2023
Blooket

How to hack blooket

September 30, 2022
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?