Meta fined record €1.2 billion in EU over US data transfers | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
July 20, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JULY 20, 2025
Meta fined record €1.2 billion in EU over US data transfers

Tech

Stephanie Bodoni, Bloomberg
22 May, 2023, 03:10 pm
Last modified: 22 May, 2023, 03:13 pm

Related News

  • Renata earns EU GMP certification, eyes expansion in global markets
  • Meta's Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push
  • Meta spending big on AI talent but will it pay off?
  • AL man arrested in Ctg for ‘threatening to kill CA, CJ, army chief’ in Facebook video
  • CA urges Meta to find a way to fight disinformation more effectively

Meta fined record €1.2 billion in EU over US data transfers

Stephanie Bodoni, Bloomberg
22 May, 2023, 03:10 pm
Last modified: 22 May, 2023, 03:13 pm
A sign outside the main entrance of the Meta Platforms Inc. office building in the 'Silicon Docks' area of central Dublin, Ireland.Photographer: Paulo Nunes dos Santos/Bloomberg
A sign outside the main entrance of the Meta Platforms Inc. office building in the 'Silicon Docks' area of central Dublin, Ireland.Photographer: Paulo Nunes dos Santos/Bloomberg
  • Decision follows long-running saga over US protection of data

  • Impact of a ban on transfers may be muted by new EU-US pact


Facebook owner Meta Platforms Inc. was hit by a record €1.2 billion ($1.3 billion) European Union privacy fine and given a deadline to stop shipping users' data to the US after regulators said it failed to protect personal information from the prying eyes of American security services.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The social network giant's continued data transfers to the US didn't address "the risks to the fundamental rights and freedoms" of people whose data was being transfered across the Atlantic, according to a decision by the Irish Data Protection Commission announced on Monday. 

On top of the fine, which eclipses a €746 million EU privacy penalty previously doled out to Amazon.com Inc., Meta was given five months to "suspend any future transfer of personal data to the US" and six months to stop "the unlawful processing, including storage, in the US" of transferred personal EU data. 

A data-transfers ban for Meta was widely expected and once prompted the US firm to threaten a total withdrawal from the EU. But its impact has now been muted by the transition phase given in the decision and the prospect of a new EU-US data flows agreement that could already be operational by the middle of this year.

Monday's decision is the latest round in a long—running saga that eventually saw Facebook and thousands of other companies plunged into a legal vacuum. In 2020, the EU's top court annulled an EU-US pact regulating transatlantic data flows over fears citizens' data wasn't safe once it arrived on US servers. While judges didn't strike down an alternative tool based on contractual clauses, their doubts about American data protection quickly led to a preliminary order from the Irish authority telling Facebook it could no longer move data to the US via this other method either.

EU regulators in December unveiled proposals to replace the previous "Privacy Shield" pact that had been torpedoed by the EU's Court of Justice. This followed months of negotiations with the US, which yielded an executive order by President Joe Biden and US pledges to ensure that EU citizens' data is safe once it's shipped across the Atlantic. 

The Meta fine coincides with the fifth anniversary of the EU's General Data Protection Regulation, widely seen as the world's benchmark for privacy. Since May 2018, regulators in the 27-nation EU have had the power to wield fines of as much as 4% of a company's annual revenue for the most serious violations. The Irish watchdog morphed overnight into the lead privacy regulator for some of the biggest tech firms with an EU base in the country, such as Meta and Apple Inc.

Top News / World+Biz

Meta / Facebook / EU

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Tarique Rahman. Sketch: TBS
    Tarique urges all to stay alert against election sabotage plot
  • Tottho Apas have been protesting in front of the National Press Club in Dhaka for months, with no headway in sight. Photo: Mehedi Hasan
    From empowerment to exclusion: The crisis facing Bangladesh’s Tottho Apas
  • Economist Dr Debapriya Bhattacharya. File photo: UNB
    Autocracy removed, yet hesitation to speak freely remains: Debapriya

MOST VIEWED

  • Representational Photo: Collected
    Railway allocates special trains for Jamaat's national rally in Dhaka
  • Chief Adviser Muhammad Yunus and SpaceX Vice President Lauren Dreyer after a meeting at state guest house Jamuna on 18 July 2025. Photo: Focus Bangla
    SpaceX VP Lauren Dreyer praises Bangladesh's efficiency in facilitating Starlink launch
  • Dollar rate falling fast – what it means for the economy
    Dollar rate falling fast – what it means for the economy
  • Governments often rely on foreign loans. Russia’s loans covered 90% of the Rooppur Nuclear Power plant project's cost. Photo: Collected
    Loan tenure for Rooppur plant extended 
  • Representational image. Photo: Unsplash
    Mobile operators give 1GB free data to users observing 'Free Internet Day' today
  • Smuggled goods seized at Sylhet border on 18 July 2025. Photo: TBS
    BGB seizes smuggled Indian goods worth Tk6cr from Sylhet border areas

Related News

  • Renata earns EU GMP certification, eyes expansion in global markets
  • Meta's Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push
  • Meta spending big on AI talent but will it pay off?
  • AL man arrested in Ctg for ‘threatening to kill CA, CJ, army chief’ in Facebook video
  • CA urges Meta to find a way to fight disinformation more effectively

Features

Tottho Apas have been protesting in front of the National Press Club in Dhaka for months, with no headway in sight. Photo: Mehedi Hasan

From empowerment to exclusion: The crisis facing Bangladesh’s Tottho Apas

3h | Panorama
The main points of clashes were in Jatrabari, Uttara, Badda, and Mirpur. Violence was also reported in Mohammadpur. Photo: TBS

20 July 2024: At least 37 killed amid curfew; Key coordinator Nahid Islam detained

3h | Panorama
Jatrabari in the capital looks like a warzone as police, alongside Chhatra League men, swoop on quota reform protesters. Photo: Mehedi Hasan

19 July 2024: At least 148 killed as government attempts to quash protests violently

1d | Panorama
Illustration: TBS

Curfews, block raids, and internet blackouts: Hasina’s last ditch efforts to cling to power

1d | Panorama

More Videos from TBS

After Gopalganj, the reason why NCP is facing obstacles in Cox's Bazar?

After Gopalganj, the reason why NCP is facing obstacles in Cox's Bazar?

5h | TBS Today
What does Jamaat Nayeb Ameer Abdullah Taher say about reforms?

What does Jamaat Nayeb Ameer Abdullah Taher say about reforms?

5h | TBS Today
The tendency of central banks to buy gold is increasing worldwide.

The tendency of central banks to buy gold is increasing worldwide.

6h | Others
Sarjisra’s Message at Jamaat’s Suhrawardy Udyan’s assembly

Sarjisra’s Message at Jamaat’s Suhrawardy Udyan’s assembly

6h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net