EU Fines Facebook and Instagram $1.3 Billion for GDPR Failures
The European Union hit Meta, parent company of Facebook, Instagram, and WhatsApp, with a history-changing order to suspend data transfers to the US on Monday. The order comes with a €1.2 billion fine—about $1.3 billion—the largest ever fine under Europe’s General Data Protection Regulation (GDPR). The FTC Just Prescribed a Can of Whoop Ass on Health DataIn April, Meta told investors that the risk of an upcoming privacy decision in the EU could cost the company 10% of its global advertising revenue. The order gives Meta…