Meta Slammed With $1.3 Billion Fine For Violating EU Privacy Policy The company intends to appeal the ruling, including the "unjustified and unnecessary fine."

By Madeline Garfinkle

Dan Kitwood | Getty Images
A view outside the Meta office in King's Cross on November 9, 2022 in London, England.

Meta, the parent company of Facebook, has been hit with a €1.2 billion euro ($1.3 billion dollar) fine for violating European Union privacy policies by transferring personal data from European users to the U.S. The ruling has given Meta five months to cease sending data across borders.

The fine, announced by the Irish Data Protection Commission on Monday, is the highest ever imposed by the General Data Protection Regulation (a set of guidelines for protecting personal data in the EU).

"Facebook has millions of users in Europe, so the volume of personal data transferred is massive," said Andrea Jelinek, European Data Protection Board chair, in a statement. "The unprecedented fine is a strong signal to [organizations] that serious infringements have far-reaching consequences."

The ruling only applies to Facebook and not Meta's other social media platforms, such as Instagram and WhatsApp.

Related: FTC Says Facebook Violated 2020 Privacy Order, Proposes More Protections for Teens and Children

In a blog post regarding the ruling and subsequent fine, Meta said that it intends to appeal the ruling, including the "unjustified and unnecessary fine." The company argues that there is a discrepancy between U.S. regulation regarding personal data and European privacy rules — which it expects to be resolved "in the summer" as policymakers in the EU and U.S. work on a new agreement that allows for a "free flow" of transatlantic data.

"The ability for data to be transferred across borders is fundamental to how the global open internet works," Meta wrote in the post. "Without the ability to transfer data across borders, the internet risks being carved up into national and regional silos."

Related: Chinese Communist Party Had 'Supreme Access' to TikTok Parent Company ByteDance's Data, Former Executive Says

Wavy Line
Madeline Garfinkle

Entrepreneur Staff

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Editor's Pick

These Co-Founders Let Women Freeze Their Eggs for Free — Cracking Open the 'Inaccessible' Industry. Their Cutting-Edge Model Solves Another Major Fertility Issue Too.
Lock
A Simple Household Chore Turned Into a Side Hustle — Now She Earns Up to $24,000 Per Month
How Real Estate Rock Star Ryan Serhant Made His Own Luck
Lock
Do You Judge People With Personal Brands? Here's Another Way to Think About It.
This Founder Created a Billion-Dollar Fitness Brand Using Communication, Teamwork and Community. Here Are His Secrets to Building a Franchise That Stands Out.
Lock

Related Topics

Business News

'Please Feel Free To Correct Me': Mark Cuban Slams Elon Musk Over 'Free Speech' On Twitter

Cuban has long been critical of Musk's decisions with the social media platform after purchasing it.

Business News

This Simple Hack Will Get You Into Costco Without A Membership Card

TikTokers have found a way to beat the system at the warehouse chain.

Franchise

Why a Strong Chief Financial Officer Is Crucial for Your Franchise — and What to Look for When Hiring One

A successful private equity transaction for your franchise business means bringing on the right strategic thought partner.

Starting a Business

Ask Co-Founder of Netflix Marc Randolph Anything: How to Watch

How to watch the new live streaming episode of 'Ask Marc.'

Business News

Fans Are Trying To Sell Rainwater From Taylor Swift's 'Rain Show' Concerts For Hundreds of Dollars

The listing came after Swift performed in the pouring rain for hours on Saturday night at Gillette Stadium in Foxborough, Massachusetts.

Science & Technology

How Internet Brownouts Can Threaten Your Business — and 8 Ways to Minimize Their Impact

Let's explore internet brownouts, what causes them and how to stop them from severely impacting your business.