Meta hit with $1.3 billion fine over Facebook's EU-US data transfers

The EU has issued a record-breaking €1.2 billion ($1.3 billion) fine to Facebook owner Meta over data transfers. After a lengthy investigation, officials found the social network’s practice of moving EU citizens' data to US-based servers was in violation of the bloc’s key digital privacy rules. In a statement, Ireland’s Data Protection Commission said that while Meta had attempted to address potential legal hurdles, “these arrangements did not address the risks to the fundamental rights and freedoms of data subjects” in the Union.