Informed
Jun 2, 2023 - 12 min
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Meta vs the EU: the facts behind the $1.3bn fine
Discover the news beyond the headlines with our daily selection of the stories that matter.
By Informed
Our daily selection of the global stories that really matter, presented by our host Manish Verma. In today's episode... Facebook parent company Meta has become the latest (and biggest) casualty of a long-running privacy dispute between the EU-U.S. and has been hit with a record €1.2bn fine. The Financial Times discuss Meta's alleged data violations and the broken laws behind the ruling. Then, could Meta's $1.3bn EU fine get worse? Facebook's mission was once to "bring the world closer together". However, it learned that connecting people across continents contradicts data privacy rules. Bloomberg reports on the aftermath.
