Meta published a lot of information in its annual financial report a few days ago. One thing that stuck out was the possibility that Meta may have to stop operating Instagram and Facebook totally in Europe.
Meta is unable to store European data on American servers due to European data rules. This is a concern for the corporation since user data is quite valuable. Meta's operations and ad targeting are run by transferring user data between nations.
The firm is prohibited from collecting user data under European legislation such as the General Data Protection Regulation (GDPR). As a result, the corporation is having difficulty running its services across Europe. Meta has threatened to suspend running Instagram and Facebook in Europe as a result of this.
Meta might shut down Facebook & Instagram
“​If we are unable to transfer data between and among the countries and regions in which we operate, or if we are restricted from sharing data among our products and services, it could affect our ability to provide our services, the manner in which we provide our services or our ability to target ads,” the statement reads.
Meta earnings report
​The business explains that additional agreements may be reached in 2022. Meta will likely be unable to offer a number of its most important goods and services in Europe if it is unable to do so, including Facebook and Instagram.
Although this may be welcome news to some, many small companies rely on Facebook and Instagram advertisements. It is used by these companies to communicate with clients and market their products.​
