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Meta reportedly fined $1.3 billion over data privacy allegations

Clyde Edgerton by Clyde Edgerton
May 22, 2023
in Markets
Meta reportedly fined .3 billion over data privacy allegations
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Meta Platforms
META,
-0.49%
was fined a record €1.2 billion ($1.3 billion) by Ireland’s Data Protection Commission, according to reports. The fine was over allegations Facebook didn’t ensure data transfers from Europe to the U.S. had appropriate safeguards. Meta reportedly said it was singled out and has used the same legal mechanisms as thousands of other companies.



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